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Unique development to be launched very well located in the city center of Faro
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
REF: 896137
€581,000
Description
Unique development to be launched very well located in the city center of Faro. With a modern architecture the building consists of 6 floors being the last with two duplex units with private pool with sea view. On the first floor the T3 unit of 185sqm two parking spaces, a wide and differentiated plant. All balcony windows with balcony run. Two of the bedrooms are suite with window and natural circulation Balcony covered in the corner between the dining and living rooms, which works as a continuation of the outdoor spaces. With units T2, T3 and T3 Duplex (penthouses) this building has spectacular plans! Living room and kitchen with Open-Space concept and some units with closet! With the works started at the beginning of 2023, the project was ready in mid-2024/2024. The property is close to all the facilities of the day-to-day (pharmacies, supermarkets, markets, hospital, schools, university and a few minutes from the historic area of Faro and Ria Formosa) Faro is the capital of the Province of Algarve, Portugal. The city is known for its white sandy beaches and turquoise sea, as well as its history and architecture. Faro is a popular tourist destination, especially during the summer. Some of the city's main sights include Faro Cathedral, Ria Formosa National Park and Barreta Island. The city is also known for its lively nightlife, with many bars and restaurants along the waterfront. Faro is a pleasant and welcoming city with a vibrant community and a mild climate for most of the year.
Unique development to be launched very well located in the city center of Faro. With a modern architecture the building consists of 6 floors being the last with two duplex units with private pool with sea view. On the first floor the T3 unit of 185sqm two parking spaces, a wide and differentiated plant. All balcony windows with balcony run. Two of the bedrooms are suite with window and natural circulation Balcony covered in the corner between the dining and living rooms, which works as a continuation of the outdoor spaces. With units T2, T3 and T3 Duplex (penthouses) this building has spectacular plans! Living room and kitchen with Open-Space concept and some units with closet! With the works started at the beginning of 2023, the project was ready in mid-2024/2024. The property is close to all the facilities of the day-to-day (pharmacies, supermarkets, markets, hospital, schools, university and a few minutes from the historic area of Faro and Ria Formosa) Faro is the capital of the Province of Algarve, Portugal. The city is known for its white sandy beaches and turquoise sea, as well as its history and architecture. Faro is a popular tourist destination, especially during the summer. Some of the city's main sights include Faro Cathedral, Ria Formosa National Park and Barreta Island. The city is also known for its lively nightlife, with many bars and restaurants along the waterfront. Faro is a pleasant and welcoming city with a vibrant community and a mild climate for most of the year.
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Currency Exchange
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €581,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €581,000 | £481,248 | £499,340 | £18,092 |
| Property Price € | €581,000 |
| Minimum cost in the last six months | £481,248 |
| Maximum cost in the last six months | £499,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,092 |
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €581,000 property cost you?
| Property Price € | Minimum cost in the last six months | Maximum cost in the last six months | Fluctuating exchange rates over the last six months could have increased the cost of this property by |
|---|---|---|---|
| €581,000 | £481,248 | £499,340 | £18,092 |
| Property Price € | €581,000 |
| Minimum cost in the last six months | £481,248 |
| Maximum cost in the last six months | £499,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,092 |
The exchange rate on the day you make an offer on your property in Portugal will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.
The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.
This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £18,092 more.
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