A new real estate development in Faro is already in the initial stages of construction, with completion scheduled for December 2024 with modern and elegant architecture

União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal

For Sale

€583,000

REF: 896219 €583,000


3

3

146 m2

177 m2

Description

A new real estate development in Faro is already in the initial stages of construction, with completion scheduled for December 2024 with modern and elegant architecture. With seven floors, this building will offer 38 apartments of different sizes and types, ranging from T2 to T4 in Penthouse. In the T3 apartment we can count on a wide entrance hall which provides good circulation between the rooms.

The kitchen, in addition to being equipped with high-end equipment, is still in open space with the living room providing modern design and creating a social and welcoming atmosphere at home. Still in the kitchen we have a very generous balcony where we find the laundry area. Regarding the bedrooms, two of them are en suite and all have built-in wardrobes and air conditioning.

In one of the rooms we still have a closet. The other is an individual bathroom, which is much more complete and has a larger area. In addition, all rooms also have a common balcony. On the roof terrace we have a swimming pool and a common leisure area, where we can enjoy the breathtaking view over the Ria Formosa.

In the basement of the building, this apartment is entitled to a closed garage in a box. This venture is a smart and safe choice for those who want to invest in quality of life, combined with an excellent location and unique facilities. The combination of tranquillity, comfort and nearby amenities make this development an excellent choice for those looking for a modern and sophisticated lifestyle in Faro.

Faro is a charming city located in the Algarve region of southern Portugal. It is the capital of the region and is renowned for its historic and natural beauty, offering visitors a mix of ancient and modern architecture, stunning beaches and a vibrant cultural scene. The historic city center is a great place to explore, with its narrow cobbled streets, colorful buildings and Faro Cathedral, an impressive 13th-century structure.

The town also offers plenty of shopping, dining, bars and nightlife options, as well as easy access to the nearby Ria Formosa islands, a natural paradise of sand dunes and crystal clear waters. Casas do Sotavento is a prestigious family business that stands out for the high quality standards of its products and projects.

Recognized both in Portugal and abroad, the company's mission is to provide an easy and peaceful experience for its customers, employees and investors. Casas do Sotavento's commitment is to treat all people with the same respect and attention that we would like to receive. This is reflected in all stages of the purchase process, from choosing the property to final delivery.

In addition, the company is concerned with maintaining a high level of transparency and honesty in all its interactions. If you are looking for a reliable and experienced company to help you find the property of your dreams, Casas do Sotavento is the right choice. Contact us today to find out more about our products and services.
A new real estate development in Faro is already in the initial stages of construction, with completion scheduled for December 2024 with modern and elegant architecture. With seven floors, this building will offer 38 apartments of different sizes and types, ranging from T2 to T4 in Penthouse. In the T3 apartment we can count on a wide entrance hall which provides good circulation between the rooms.

The kitchen, in addition to being equipped with high-end equipment, is still in open space with the living room providing modern design and creating a social and welcoming atmosphere at home. Still in the kitchen we have a very generous balcony where we find the laundry area. Regarding the bedrooms, two of them are en suite and all have built-in wardrobes and air conditioning.

In one of the rooms we still have a closet. The other is an individual bathroom, which is much more complete and has a larger area. In addition, all rooms also have a common balcony. On the roof terrace we have a swimming pool and a common leisure area, where we can enjoy the breathtaking view over the Ria Formosa.

In the basement of the building, this apartment is entitled to a closed garage in a box. This venture is a smart and safe choice for those who want to invest in quality of life, combined with an excellent location and unique facilities. The combination of tranquillity, comfort and nearby amenities make this development an excellent choice for those looking for a modern and sophisticated lifestyle in Faro.

Faro is a charming city located in the Algarve region of southern Portugal. It is the capital of the region and is renowned for its historic and natural beauty, offering visitors a mix of ancient and modern architecture, stunning beaches and a vibrant cultural scene. The historic city center is a great place to explore, with its narrow cobbled streets, colorful buildings and Faro Cathedral, an impressive 13th-century structure.

The town also offers plenty of shopping, dining, bars and nightlife options, as well as easy access to the nearby Ria Formosa islands, a natural paradise of sand dunes and crystal clear waters. Casas do Sotavento is a prestigious family business that stands out for the high quality standards of its products and projects.

Recognized both in Portugal and abroad, the company's mission is to provide an easy and peaceful experience for its customers, employees and investors. Casas do Sotavento's commitment is to treat all people with the same respect and attention that we would like to receive. This is reflected in all stages of the purchase process, from choosing the property to final delivery.

In addition, the company is concerned with maintaining a high level of transparency and honesty in all its interactions. If you are looking for a reliable and experienced company to help you find the property of your dreams, Casas do Sotavento is the right choice. Contact us today to find out more about our 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 €583,000 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
€583,000 £482,905 £501,059 £18,155
Property Price € €583,000
Minimum cost in the last six months £482,905
Maximum cost in the last six months £501,059
Fluctuating exchange rates over the last six months could have increased the cost of this property by £18,155

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 €583,000 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
€583,000 £482,905 £501,059 £18,155
Property Price € €583,000
Minimum cost in the last six months £482,905
Maximum cost in the last six months £501,059
Fluctuating exchange rates over the last six months could have increased the cost of this property by £18,155

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 £18,155 more.

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