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Luxury 3 bedroom villa in new urbanization in development in Montenegro, Faro
Faro, Faro, Portugal
REF: 899983
€695,000
Description
Luxury 3 bedroom villa in new urbanization in development in Montenegro, Faro.Property of corner, with construction area of 170m2 and inserted in lot with 238.50m2, has 2 floors.On the ground floor you will find, parking space, entrance hall, large living and dining room, semi-open kitchen, 1 bedroom, 1 bathroom, outdoor terrace at the rear with garden, offering the possibility of building a private pool or not.The 1st floor will have 2 bedrooms, both en-suite, and terraces.If you wish to change the typology of the villa, from T3 to T4, it will be possible since it is in the initial stages of construction. Optionally, you may prefer to add basement, for an additional cost, which will have parking space for 2 cars and storage area.The new and modern urbanization is a breath of fresh air in the heart of the Algarve, close to all major services, supermarkets and typical Algarvian restaurants. Just minutes away from Faro Beach, the Ria Formosa, the Airport, the University and the centre of Faro, the urbanization captures the essence of exclusivity in a unique and captivating location. Facing the natural park, surrounded by pine trees and green areas, where you can take wonderful walks, reach Quinta do Lago and walkway leading to the golden triangle, pass by the salt pans and enjoy the fresh air.Equipment:- Solar panels with collector for hot water;- Pre-installation for air conditioning;- Private basement with parking spaces (optional)- Heated swimming pool (optional)- Kitchen: Fridge, Cooker, Oven, Extractor, Dishwasher, Washing Machine.Perfect not only for permanent owner?s residence, but also ideal for investment or second home.Completion scheduled for December 2024.
Luxury 3 bedroom villa in new urbanization in development in Montenegro, Faro.Property of corner, with construction area of 170m2 and inserted in lot with 238.50m2, has 2 floors.On the ground floor you will find, parking space, entrance hall, large living and dining room, semi-open kitchen, 1 bedroom, 1 bathroom, outdoor terrace at the rear with garden, offering the possibility of building a private pool or not.The 1st floor will have 2 bedrooms, both en-suite, and terraces.If you wish to change the typology of the villa, from T3 to T4, it will be possible since it is in the initial stages of construction. Optionally, you may prefer to add basement, for an additional cost, which will have parking space for 2 cars and storage area.The new and modern urbanization is a breath of fresh air in the heart of the Algarve, close to all major services, supermarkets and typical Algarvian restaurants. Just minutes away from Faro Beach, the Ria Formosa, the Airport, the University and the centre of Faro, the urbanization captures the essence of exclusivity in a unique and captivating location. Facing the natural park, surrounded by pine trees and green areas, where you can take wonderful walks, reach Quinta do Lago and walkway leading to the golden triangle, pass by the salt pans and enjoy the fresh air.Equipment:- Solar panels with collector for hot water;- Pre-installation for air conditioning;- Private basement with parking spaces (optional)- Heated swimming pool (optional)- Kitchen: Fridge, Cooker, Oven, Extractor, Dishwasher, Washing Machine.Perfect not only for permanent owner?s residence, but also ideal for investment or second home.Completion scheduled for December 2024.
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Currency Exchange
Faro, 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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
Faro, 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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
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 £21,642 more.
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