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1 bedroom apartment on the 1st floor of a building with lift just 300m to the beach of Manta RotaProperty consisting of entrance hall, 1 bedroom with wardrobe and balcony, 1 kitchen, 1 family bathroom and 1 large living and dining room with access to 1 second balcony
Vila Real de Santo António, Faro, Portugal
REF: 900020
€197,500
Description
1 bedroom apartment on the 1st floor of a building with lift just 300m to the beach of Manta RotaProperty consisting of entrance hall, 1 bedroom with wardrobe and balcony, 1 kitchen, 1 family bathroom and 1 large living and dining room with access to 1 second balcony. Both balconies have sun exposure to the south, facing the ocean.The building has 2 entrances, one to the south and one to the north, and the second entrance has a parking lot reserved only for residents.Excellent investment opportunity, and its location is great. About 4min. walking distance to the award-winning blue flag beach of Manta Rota and is also within walking distance of several amenities, namely supermarkets, ATM, municipal fruit, vegetables and fresh fish market, cafes, restaurants and more. Manta Rota is a village with a strategic position in the Eastern Algarve, just 10 minutes away by car to Vila Real de Santo António, a city on the border with Spain, and, in the opposite direction, you will find the historic city of Tavira. There are about 5 golf courses nearby and several nature reserves and parks.Take advantage of this opportunity.
1 bedroom apartment on the 1st floor of a building with lift just 300m to the beach of Manta RotaProperty consisting of entrance hall, 1 bedroom with wardrobe and balcony, 1 kitchen, 1 family bathroom and 1 large living and dining room with access to 1 second balcony. Both balconies have sun exposure to the south, facing the ocean.The building has 2 entrances, one to the south and one to the north, and the second entrance has a parking lot reserved only for residents.Excellent investment opportunity, and its location is great. About 4min. walking distance to the award-winning blue flag beach of Manta Rota and is also within walking distance of several amenities, namely supermarkets, ATM, municipal fruit, vegetables and fresh fish market, cafes, restaurants and more. Manta Rota is a village with a strategic position in the Eastern Algarve, just 10 minutes away by car to Vila Real de Santo António, a city on the border with Spain, and, in the opposite direction, you will find the historic city of Tavira. There are about 5 golf courses nearby and several nature reserves and parks.Take advantage of this opportunity.
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Currency Exchange
Vila Real de Santo António, 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 €197,500 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 |
|---|---|---|---|
| €197,500 | £163,591 | £169,741 | £6,150 |
| Property Price € | €197,500 |
| Minimum cost in the last six months | £163,591 |
| Maximum cost in the last six months | £169,741 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,150 |
Vila Real de Santo António, 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 €197,500 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 |
|---|---|---|---|
| €197,500 | £163,591 | £169,741 | £6,150 |
| Property Price € | €197,500 |
| Minimum cost in the last six months | £163,591 |
| Maximum cost in the last six months | £169,741 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,150 |
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 £6,150 more.
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