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Fantastic One Bedrom Apartment in Mochique Resort and SPA
Monchique, Faro, Portugal
REF: 905830
€120,000
Description
One-bedroom flat for tourist accommodation, where you can enjoy an excellent holiday in the mountains, with the beautiful beaches of the Algarve just 20 km away. The property is in excellent condition and is part of a 5-star hotel, with an outdoor and indoor swimming pool, spa, gym, restaurants and bars. This property can only be explored through the hotel. The property is fully furnished and has a large bedroom with a double bed overlooking nature, a living room with an open-plan kitchen Kitchen equipped with hob, oven, extractor fan, microwave and dishwasher. Full bathroom with shower tray. Pleasant terrace with peaceful, unobstructed views. If you would like more information or to visit the property, please contact Carla Wood 0351927816176 or [email protected]. Translated with DeepL.com (free version)
One-bedroom flat for tourist accommodation, where you can enjoy an excellent holiday in the mountains, with the beautiful beaches of the Algarve just 20 km away. The property is in excellent condition and is part of a 5-star hotel, with an outdoor and indoor swimming pool, spa, gym, restaurants and bars. This property can only be explored through the hotel. The property is fully furnished and has a large bedroom with a double bed overlooking nature, a living room with an open-plan kitchen Kitchen equipped with hob, oven, extractor fan, microwave and dishwasher. Full bathroom with shower tray. Pleasant terrace with peaceful, unobstructed views. If you would like more information or to visit the property, please contact Carla Wood 0351927816176 or [email protected]. Translated with DeepL.com (free version)
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Currency Exchange
Monchique, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,397 | £103,134 | £3,737 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,397 |
| Maximum cost in the last six months | £103,134 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,737 |
Monchique, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,397 | £103,134 | £3,737 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,397 |
| Maximum cost in the last six months | £103,134 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,737 |
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 £3,737 more.
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