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*Co-ownership of T1 + 2 apartment in the new tourist development The Valley Nature Resort, in Sesmarias and 1
União das Freguesias de Lagoa e Carvoeiro, Faro, Portugal
REF: 896611
€140,000
Description
*Co-ownership of T1 + 2 apartment in the new tourist development The Valley Nature Resort, in Sesmarias and 1.5 kilometers from the beaches of Ferragudo. This fantastic apartment of contemporary architecture is located on the ground floor of a building of only four apartments. Consists of living room with an elegantly equipped open plan kitchen and access to one of the terraces. The bedroom has built-in wardrobe, en suite bathroom and access to the terrace and garden. The remaining two divisions can be converted into living room, bedroom or office and are supported by another full bathroom with shower. This property is surrounded by an exclusive garden and is equipped with air conditioning. The common leisure areas consist of gardens and swimming pool. Sold furnished. *With the investment of EUR135,000 you can be a co-owner of a full property that will be yours to use annually in a rotation system. You will become owner together with 3 other independent owners of a modern apartment in our development, and every 1/4 of the property will be secured by individual title deeds. This system allows the reduction of costs inherent to tax charges and maintenance that will be divided into four equal parts for each owner, who can use the property for 13 weeks a year! By purchasing a property at one of the Pestana Group Resorts in the Algarve, we offer the Resort card, awarding discounts in our restaurants and bars together with the Pestana Guest Card (PGC) loyalty program with numerous advantages! The Pestana Group is the largest multinational group of Portuguese origin in the tourism sector, being present in Europe, the Americas and Africa, with more than 100 hotels and 12,000 rooms under direct management, being elected by more than 3.5 million customers/ year. In hospitality, its main business, the Group operates with four brands: Pestana Hotels & Resorts, Pestana Collection Hotels, Pestana Pousadas de Portugal and Pestana CR7 Lifestyle Hotels. With the aim of offering complete and attractive products, the Group also operates in several business areas: hospitality, tourist real estate, tourism, golf, casinos and industry.
*Co-ownership of T1 + 2 apartment in the new tourist development The Valley Nature Resort, in Sesmarias and 1.5 kilometers from the beaches of Ferragudo. This fantastic apartment of contemporary architecture is located on the ground floor of a building of only four apartments. Consists of living room with an elegantly equipped open plan kitchen and access to one of the terraces. The bedroom has built-in wardrobe, en suite bathroom and access to the terrace and garden. The remaining two divisions can be converted into living room, bedroom or office and are supported by another full bathroom with shower. This property is surrounded by an exclusive garden and is equipped with air conditioning. The common leisure areas consist of gardens and swimming pool. Sold furnished. *With the investment of EUR135,000 you can be a co-owner of a full property that will be yours to use annually in a rotation system. You will become owner together with 3 other independent owners of a modern apartment in our development, and every 1/4 of the property will be secured by individual title deeds. This system allows the reduction of costs inherent to tax charges and maintenance that will be divided into four equal parts for each owner, who can use the property for 13 weeks a year! By purchasing a property at one of the Pestana Group Resorts in the Algarve, we offer the Resort card, awarding discounts in our restaurants and bars together with the Pestana Guest Card (PGC) loyalty program with numerous advantages! The Pestana Group is the largest multinational group of Portuguese origin in the tourism sector, being present in Europe, the Americas and Africa, with more than 100 hotels and 12,000 rooms under direct management, being elected by more than 3.5 million customers/ year. In hospitality, its main business, the Group operates with four brands: Pestana Hotels & Resorts, Pestana Collection Hotels, Pestana Pousadas de Portugal and Pestana CR7 Lifestyle Hotels. With the aim of offering complete and attractive products, the Group also operates in several business areas: hospitality, tourist real estate, tourism, golf, casinos and industry.
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Currency Exchange
União das Freguesias de Lagoa e Carvoeiro, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,346 | £120,323 | £4,977 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,346 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,977 |
União das Freguesias de Lagoa e Carvoeiro, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,346 | £120,323 | £4,977 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,346 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,977 |
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 £4,977 more.
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