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*Co-ownership of 2 bedroom apartment in the heart of the countryside of Gramacho
Carvoeiro, Faro, Portugal
REF: 911039
€98,000
Description
*Co-ownership of 2 bedroom apartment in the heart of the countryside of Gramacho. The property is located on the first floor and has wonderful views over the pool and gardens of the development. Composed of living room with fireplace and access to a spacious balcony and an equipped kitchen. The master bedroom has ensuite bathroom being the second bedroom supported by a full bathroom. Both rooms have built-in wardrobes. The club house, golf reception, customer service and mini market are located a few meters away. The common leisure areas are made up of gardens, swimming pool and tennis court. Sold furnished. *With a relatively small investment you can be co-owner of a full property that will be yours to use annually in a rotation system. You will become the owner together with 3 other independent owners of a luxurious apartment in our development, and every 1/4 of the property will be carried individually. This modality allows the reduction of costs inherent to tax charges and maintenance that will be divided into 4 equal parts by each owner who will be able to use the property for 13 weeks a year! By purchasing a property at one of the Pestana Group Resorts in the Algarve, we guarantee maintenance services, gardening and security service 24 hours, of excellence. We also offer the Resort card to enjoy benefits and advantages in our restaurants and bars together with the Pestana Guest Card (PGC) loyalty program with numerous advantages! Our properties are located at Pestana Golf & Resorts in Carvoeiro, in the center of the Algarve. The Resort has 2 golf courses, Gramacho and Vale da Pinta, two club houses with restaurant and bar and to complete we also have tennis courts and several common pools for use by owners and guests. 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 2 bedroom apartment in the heart of the countryside of Gramacho. The property is located on the first floor and has wonderful views over the pool and gardens of the development. Composed of living room with fireplace and access to a spacious balcony and an equipped kitchen. The master bedroom has ensuite bathroom being the second bedroom supported by a full bathroom. Both rooms have built-in wardrobes. The club house, golf reception, customer service and mini market are located a few meters away. The common leisure areas are made up of gardens, swimming pool and tennis court. Sold furnished. *With a relatively small investment you can be co-owner of a full property that will be yours to use annually in a rotation system. You will become the owner together with 3 other independent owners of a luxurious apartment in our development, and every 1/4 of the property will be carried individually. This modality allows the reduction of costs inherent to tax charges and maintenance that will be divided into 4 equal parts by each owner who will be able to use the property for 13 weeks a year! By purchasing a property at one of the Pestana Group Resorts in the Algarve, we guarantee maintenance services, gardening and security service 24 hours, of excellence. We also offer the Resort card to enjoy benefits and advantages in our restaurants and bars together with the Pestana Guest Card (PGC) loyalty program with numerous advantages! Our properties are located at Pestana Golf & Resorts in Carvoeiro, in the center of the Algarve. The Resort has 2 golf courses, Gramacho and Vale da Pinta, two club houses with restaurant and bar and to complete we also have tennis courts and several common pools for use by owners and guests. 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
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 €98,000 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 |
|---|---|---|---|
| €98,000 | £81,174 | £84,226 | £3,052 |
| Property Price € | €98,000 |
| Minimum cost in the last six months | £81,174 |
| Maximum cost in the last six months | £84,226 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,052 |
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 €98,000 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 |
|---|---|---|---|
| €98,000 | £81,174 | £84,226 | £3,052 |
| Property Price € | €98,000 |
| Minimum cost in the last six months | £81,174 |
| Maximum cost in the last six months | £84,226 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,052 |
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 £3,052 more.
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