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*New Exclusive Listing* This elegant, fully furnished studio apartment is in the prestigious Pestana Gramacho Resort, where ownership is more than about just possessing property
Lagoa (Algarve), Faro, Portugal
REF: 919303
€175,000
Description
*New Exclusive Listing* This elegant, fully furnished studio apartment is in the prestigious Pestana Gramacho Resort, where ownership is more than about just possessing property; it’s a lifestyle choice and a smart investment. The spacious, airconditioned studio room, fully equipped kitchen, and full bathroom, harmoniously blend comfort and style. The true highlight of this apartment is its’ large, sunny rear terrace (one of only two such large terraces in the building) where you can soak up the sun and enjoy the beautiful views. Plus, it boasts an additional front balcony to enjoy more beautiful scenery. Located in an extremely popular summer holiday destination area, this apartment enjoys an attractive rental return, making it an intelligent investment - whether you're looking for a chic pied-à-terre or a lock-up-and-go holiday retreat. As an owner, you have access to the resort’s two communal pools, a fully equipped gym, a sauna, and ample parking. Further owner’s perks include discounted rates on golf, restaurants, bars and access to several other communal other pools and even tennis courts within the Algarve Pestana Resorts Hassle-free living and ownership are ensured by the resort’s wrap-around 24-hour maintenance, reception and security services. Located in a tranquil part of the Algarve, the apartment is close to many local shopping and dining destinations, the beautiful beaches of Carvoeiro and Ferragudo, and just a 45-minute drive to Faro airport. Don’t miss this opportunity to invest in and own a smart slice of paradise. Contact me to arrange a visit to this beautiful apartment. #ref: 132082
*New Exclusive Listing* This elegant, fully furnished studio apartment is in the prestigious Pestana Gramacho Resort, where ownership is more than about just possessing property; it’s a lifestyle choice and a smart investment. The spacious, airconditioned studio room, fully equipped kitchen, and full bathroom, harmoniously blend comfort and style. The true highlight of this apartment is its’ large, sunny rear terrace (one of only two such large terraces in the building) where you can soak up the sun and enjoy the beautiful views. Plus, it boasts an additional front balcony to enjoy more beautiful scenery. Located in an extremely popular summer holiday destination area, this apartment enjoys an attractive rental return, making it an intelligent investment - whether you're looking for a chic pied-à-terre or a lock-up-and-go holiday retreat. As an owner, you have access to the resort’s two communal pools, a fully equipped gym, a sauna, and ample parking. Further owner’s perks include discounted rates on golf, restaurants, bars and access to several other communal other pools and even tennis courts within the Algarve Pestana Resorts Hassle-free living and ownership are ensured by the resort’s wrap-around 24-hour maintenance, reception and security services. Located in a tranquil part of the Algarve, the apartment is close to many local shopping and dining destinations, the beautiful beaches of Carvoeiro and Ferragudo, and just a 45-minute drive to Faro airport. Don’t miss this opportunity to invest in and own a smart slice of paradise. Contact me to arrange a visit to this beautiful apartment. #ref: 132082
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Currency Exchange
Lagoa (Algarve), 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,183 | £150,404 | £6,221 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,183 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,221 |
Lagoa (Algarve), 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,183 | £150,404 | £6,221 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,183 |
| Maximum cost in the last six months | £150,404 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,221 |
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 £6,221 more.
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