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1 to 3 Bedroom Apartments
Lagos, Faro, Portugal, 8600-250
REF: 913327
€600,000
Description
Palmares features 27 holes of stunning golf from the board of Robert Trent Jones II, one the most important golf course designers today.
Designed to fit within the natural amphitheatre of Palmares, every signature apartment within the resort benefits from panoramic views of Meia Praia and Lagos Bay which can be enjoyed from individual private terraces. Embracing the colours and textures of the natural environment, the one, two and three-bedroom apartments are fully fitted, equipped and are ready to move into.Designed by Pritzker winners RCR Arquitectes, the Signature Apartments are grouped in stylish clusters to allow each the opportunity to take in the sweeping ocean views.Modern finishes, stylish design and practical living spaces make the apartments ideal for holiday stays or for longer visits and all take advantage of the stunning natural beauty of the area with outdoor terraces.
Phase 1 of the Signature Apartments has been an outstanding success and we are proud to present Phase 2
LAUNCH PRICES FROM:
1-bedroom apartment: 600,000
2-bedroom apartment: 785.000
3-bedroom apartment : 1.500.000
Properties are fully furnished and equipped, include two garage places and storage area.
TIMEFRAME FOR CONSTRUCTION AND COMPLETION
Start of Construction: Third Quarter 2022;
Completion: Second quarter 2024.
The apartments are fully eligible for Golden Visa since Palmares is a touristic development.
Palmares features 27 holes of stunning golf from the board of Robert Trent Jones II, one the most important golf course designers today.
Designed to fit within the natural amphitheatre of Palmares, every signature apartment within the resort benefits from panoramic views of Meia Praia and Lagos Bay which can be enjoyed from individual private terraces. Embracing the colours and textures of the natural environment, the one, two and three-bedroom apartments are fully fitted, equipped and are ready to move into.Designed by Pritzker winners RCR Arquitectes, the Signature Apartments are grouped in stylish clusters to allow each the opportunity to take in the sweeping ocean views.Modern finishes, stylish design and practical living spaces make the apartments ideal for holiday stays or for longer visits and all take advantage of the stunning natural beauty of the area with outdoor terraces.
Phase 1 of the Signature Apartments has been an outstanding success and we are proud to present Phase 2
LAUNCH PRICES FROM:
1-bedroom apartment: 600,000
2-bedroom apartment: 785.000
3-bedroom apartment : 1.500.000
Properties are fully furnished and equipped, include two garage places and storage area.
TIMEFRAME FOR CONSTRUCTION AND COMPLETION
Start of Construction: Third Quarter 2022;
Completion: Second quarter 2024.
The apartments are fully eligible for Golden Visa since Palmares is a touristic development.
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Currency Exchange
Lagos, Faro, Portugal, 8600-250
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 |
Lagos, Faro, Portugal, 8600-250
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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