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Located on the 5th floor, this T2 apartment under construction in the center of Faro has 90sqm and all windows with a balcony
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
REF: 896139
€386,000
Description
Located on the 5th floor, this T2 apartment under construction in the center of Faro has 90sqm and all windows with a balcony. One of the bedrooms is a suite with a window and natural circulation, equipped kitchen, and a cozy living room. The unit also includes a parking space in the underground of the building. The construction started at the beginning of 2023, and completion is expected in mid-2024/2025. The property is surrounded by all the amenities of daily life, such as pharmacies, supermarkets, markets, hospitals, schools, and universities, and is just a few minutes from the historic area of Faro and Ria Formosa. Faro is the capital of the Algarve province, known for its beautiful white sand beaches and turquoise sea, as well as its rich history and architecture. The city is a popular tourist destination, especially in summer, with the Cathedral of Faro, Ria Formosa National Park, and Barreta Island being some of the most visited tourist spots. Moreover, Faro has a lively nightlife, with many bars and restaurants along the waterfront. It is a pleasant and welcoming city, with a vibrant community and mild weather for most of the year. Casas do Sotavento is a prestigious family-owned company that stands out for the high standard of quality of its products and projects. Recognized both in Portugal and abroad, the company's mission is to provide an easy and hassle-free experience for its customers, employees, and investors. The company maintains a high level of transparency and honesty in all its interactions and is committed to treating all people with the same respect and attention they would like to receive. If you are looking for a reliable and experienced company to help you find your dream property, contact Casas do Sotavento today to learn more about their products and services.
Located on the 5th floor, this T2 apartment under construction in the center of Faro has 90sqm and all windows with a balcony. One of the bedrooms is a suite with a window and natural circulation, equipped kitchen, and a cozy living room. The unit also includes a parking space in the underground of the building. The construction started at the beginning of 2023, and completion is expected in mid-2024/2025. The property is surrounded by all the amenities of daily life, such as pharmacies, supermarkets, markets, hospitals, schools, and universities, and is just a few minutes from the historic area of Faro and Ria Formosa. Faro is the capital of the Algarve province, known for its beautiful white sand beaches and turquoise sea, as well as its rich history and architecture. The city is a popular tourist destination, especially in summer, with the Cathedral of Faro, Ria Formosa National Park, and Barreta Island being some of the most visited tourist spots. Moreover, Faro has a lively nightlife, with many bars and restaurants along the waterfront. It is a pleasant and welcoming city, with a vibrant community and mild weather for most of the year. Casas do Sotavento is a prestigious family-owned company that stands out for the high standard of quality of its products and projects. Recognized both in Portugal and abroad, the company's mission is to provide an easy and hassle-free experience for its customers, employees, and investors. The company maintains a high level of transparency and honesty in all its interactions and is committed to treating all people with the same respect and attention they would like to receive. If you are looking for a reliable and experienced company to help you find your dream property, contact Casas do Sotavento today to learn more about their products and services.
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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 €386,000 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 |
|---|---|---|---|
| €386,000 | £319,728 | £331,748 | £12,020 |
| Property Price € | €386,000 |
| Minimum cost in the last six months | £319,728 |
| Maximum cost in the last six months | £331,748 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,020 |
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 €386,000 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 |
|---|---|---|---|
| €386,000 | £319,728 | £331,748 | £12,020 |
| Property Price € | €386,000 |
| Minimum cost in the last six months | £319,728 |
| Maximum cost in the last six months | £331,748 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,020 |
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 £12,020 more.
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