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New Luxury Village in Construction in Praia Verde consisting of apartments of typology T1 and T2
Castro Marim, Faro, Portugal
REF: 899951
€600,000
Description
New Luxury Village in Construction in Praia Verde consisting of apartments of typology T1 and T2.Luxury apartments consisting of entrance hall, living/dining room, equipped kitchen and master suite with closet and private toilet, balconies and access to private parking in the basement with storage room.Prices range from 500,000 to 595,000.Condominium expenses include 24-hour reception and concierge team, cleaning and maintenance of common spaces, security and surveillance service (CCTV), garbage collection service, maintenance and treatment of swimming pools, maintenance of green areas, maintenance of common areas, reserve fund of the common area (4%). Prices range from 2.520 to 2.970 annually, depending on the typology of the apartment.The Resort is situated 500m from the beach, surrounded by a park of over 70 Ha. It will consist of apartments, townhouses and townhouses, independent villas, 5 star hotel, a village club (bar, terraces, reception, open market for sale of gourmet products...), several swimming pools and tennis and paddle courts.The village has many services such as family support (babysitting, kids club and children's activities, spa, gym, restaurants and bars.There are also outdoor activities such as picnics, viewpoints for observation of fauna and flora, walkways for exploration of the park...
New Luxury Village in Construction in Praia Verde consisting of apartments of typology T1 and T2.Luxury apartments consisting of entrance hall, living/dining room, equipped kitchen and master suite with closet and private toilet, balconies and access to private parking in the basement with storage room.Prices range from 500,000 to 595,000.Condominium expenses include 24-hour reception and concierge team, cleaning and maintenance of common spaces, security and surveillance service (CCTV), garbage collection service, maintenance and treatment of swimming pools, maintenance of green areas, maintenance of common areas, reserve fund of the common area (4%). Prices range from 2.520 to 2.970 annually, depending on the typology of the apartment.The Resort is situated 500m from the beach, surrounded by a park of over 70 Ha. It will consist of apartments, townhouses and townhouses, independent villas, 5 star hotel, a village club (bar, terraces, reception, open market for sale of gourmet products...), several swimming pools and tennis and paddle courts.The village has many services such as family support (babysitting, kids club and children's activities, spa, gym, restaurants and bars.There are also outdoor activities such as picnics, viewpoints for observation of fauna and flora, walkways for exploration of the park...
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Currency Exchange
Castro Marim, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £496,986 | £515,670 | £18,684 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £496,986 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,684 |
Castro Marim, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £496,986 | £515,670 | £18,684 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £496,986 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,684 |
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 £18,684 more.
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