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Unique development to be launched, very well located in the center of Faro city
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
REF: 896140
€378,000
Description
Unique development to be launched, very well located in the center of Faro city. With modern architecture, the building consists of 6 floors, with the top floor featuring two duplex units with a private pool and sea views. On the first floor, there is a spacious and distinctive 90 sqm 2-bedroom unit. All sliding windows have a continuous balcony. One of the bedrooms is a suite with a window and natural circulation. This unit includes one underground parking space. With 2-bedroom, 3-bedroom, and 3-bedroom duplex (penthouses) units, this building offers spectacular floor plans! The living room and kitchen have an open-space concept, and some units include a closet. With construction started in early 2023, the development will be completed by mid-2025. The property is close to all daily amenities such as pharmacies, supermarkets, markets, hospitals, schools, the university, and just a few minutes away from Faro's historic area and Ria Formosa. Faro is the capital of the Algarve province in Portugal. The city is known for its white sandy beaches and turquoise blue sea, as well as its history and architecture. Faro is a popular tourist destination, especially during the summer. Some of the main attractions in the city 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. Casas do Sotavento is a renowned real estate agency specializing in quality properties in Olhão and the surrounding area. Our mission is to provide a smooth and satisfying experience for our clients, employees, and investors. With a solid reputation both in Portugal and abroad, we are recognized for the high standard of quality in our products and projects. At Casas do Sotavento, we value respect and attention to all individuals, offering transparent and honest service at every stage of the purchasing process, from choosing the property to final delivery. If you're looking for a reliable and experienced company to help you find your dream property, Casas do Sotavento is the right choice.
Unique development to be launched, very well located in the center of Faro city. With modern architecture, the building consists of 6 floors, with the top floor featuring two duplex units with a private pool and sea views. On the first floor, there is a spacious and distinctive 90 sqm 2-bedroom unit. All sliding windows have a continuous balcony. One of the bedrooms is a suite with a window and natural circulation. This unit includes one underground parking space. With 2-bedroom, 3-bedroom, and 3-bedroom duplex (penthouses) units, this building offers spectacular floor plans! The living room and kitchen have an open-space concept, and some units include a closet. With construction started in early 2023, the development will be completed by mid-2025. The property is close to all daily amenities such as pharmacies, supermarkets, markets, hospitals, schools, the university, and just a few minutes away from Faro's historic area and Ria Formosa. Faro is the capital of the Algarve province in Portugal. The city is known for its white sandy beaches and turquoise blue sea, as well as its history and architecture. Faro is a popular tourist destination, especially during the summer. Some of the main attractions in the city 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. Casas do Sotavento is a renowned real estate agency specializing in quality properties in Olhão and the surrounding area. Our mission is to provide a smooth and satisfying experience for our clients, employees, and investors. With a solid reputation both in Portugal and abroad, we are recognized for the high standard of quality in our products and projects. At Casas do Sotavento, we value respect and attention to all individuals, offering transparent and honest service at every stage of the purchasing process, from choosing the property to final delivery. If you're looking for a reliable and experienced company to help you find your dream property, Casas do Sotavento is the right choice.
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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 €378,000 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 |
|---|---|---|---|
| €378,000 | £313,101 | £324,872 | £11,771 |
| Property Price € | €378,000 |
| Minimum cost in the last six months | £313,101 |
| Maximum cost in the last six months | £324,872 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,771 |
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 €378,000 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 |
|---|---|---|---|
| €378,000 | £313,101 | £324,872 | £11,771 |
| Property Price € | €378,000 |
| Minimum cost in the last six months | £313,101 |
| Maximum cost in the last six months | £324,872 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,771 |
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 £11,771 more.
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