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Opportunity to purchase a 2 bedroom apartment, still off-plan at an attractive launch price, with top quality finishes, in a condominium with swimming pool and social and leisure area on the terrace, located in a quiet residential area of Olhão, with all services close by necessary for everyday life
Quelfes, Faro, Portugal
REF: 896323
€275,000
Description
Opportunity to purchase a 2 bedroom apartment, still off-plan at an attractive launch price, with top quality finishes, in a condominium with swimming pool and social and leisure area on the terrace, located in a quiet residential area of Olhão, with all services close by necessary for everyday life and just 5 minutes from the iconic markets, traditional restaurants and the pier for the famous Ria Formosa islands. This apartment is distributed in an entrance hall, living room and kitchen measuring approximately 30sqm, 1 complete shared bathroom, 2 bedrooms with wardrobes, one of which is a suite with a private bathroom. All compartments can access a generous 15sqm balcony. On the terrace of the building you will find a common swimming pool, measuring 36.40sqm and a pleasant leisure space where you can enjoy moments of tranquility with family or friends. In the basement of the building there is also a parking space for one vehicle. Extras: Fully equipped kitchen with appliances; Electric Blinds; Floating floor; Ceilings with built-in LED lights; Rooms with wardrobe; WC with suspended toilets; Video Intercom; High security door; Solar panels for water heating; Common terrace with swimming pool; Don't miss this Opportunity and Contact us! Construction is expected to begin in July/August 2024, with delivery time between 18 and 24 months. The photos are merely illustrative of a property that has already been completed, and the final product will be very similar to the one shown.
Opportunity to purchase a 2 bedroom apartment, still off-plan at an attractive launch price, with top quality finishes, in a condominium with swimming pool and social and leisure area on the terrace, located in a quiet residential area of Olhão, with all services close by necessary for everyday life and just 5 minutes from the iconic markets, traditional restaurants and the pier for the famous Ria Formosa islands. This apartment is distributed in an entrance hall, living room and kitchen measuring approximately 30sqm, 1 complete shared bathroom, 2 bedrooms with wardrobes, one of which is a suite with a private bathroom. All compartments can access a generous 15sqm balcony. On the terrace of the building you will find a common swimming pool, measuring 36.40sqm and a pleasant leisure space where you can enjoy moments of tranquility with family or friends. In the basement of the building there is also a parking space for one vehicle. Extras: Fully equipped kitchen with appliances; Electric Blinds; Floating floor; Ceilings with built-in LED lights; Rooms with wardrobe; WC with suspended toilets; Video Intercom; High security door; Solar panels for water heating; Common terrace with swimming pool; Don't miss this Opportunity and Contact us! Construction is expected to begin in July/August 2024, with delivery time between 18 and 24 months. The photos are merely illustrative of a property that has already been completed, and the final product will be very similar to the one shown.
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Currency Exchange
Quelfes, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £227,785 | £236,349 | £8,564 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £227,785 |
| Maximum cost in the last six months | £236,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,564 |
Quelfes, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £227,785 | £236,349 | £8,564 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £227,785 |
| Maximum cost in the last six months | £236,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,564 |
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 £8,564 more.
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