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New Build Apartments in Gorgeous Location
Lagoa, Faro, Portugal, 8400-080
REF: 936221
€510,000
Description
These brand-new apartments, set in a location of natural beauty, were completed in 2024 and present a fantastic investment opportunity for those seeking a low-maintenance holiday home. With close proximity to the charming coastal towns of Carvoeiro and Ferragudo, along with picturesque views of Monchique, this resort offers a peaceful retreat.
The apartments boast a modern design with abundant natural light, air conditioning, fully fitted and equipped kitchens, and access to a communal pool.. These brand-new apartments, set in a location of natural beauty, were completed in 2024 and present a fantastic investment opportunity for those seeking a low-maintenance holiday home. With close proximity to the charming coastal towns of Carvoeiro and Ferragudo, along with picturesque views of Monchique, this resort offers a peaceful retreat.
The apartments boast a modern design with abundant natural light, air conditioning, fully fitted and equipped kitchens, and access to a communal pool. The layout features a T1+2 typology: a master bedroom with built-in wardrobes and two additional versatile rooms, perfect for use as bedrooms, an office, or a TV room, all sharing a full bathroom.
These brand-new apartments, set in a location of natural beauty, were completed in 2024 and present a fantastic investment opportunity for those seeking a low-maintenance holiday home. With close proximity to the charming coastal towns of Carvoeiro and Ferragudo, along with picturesque views of Monchique, this resort offers a peaceful retreat.
The apartments boast a modern design with abundant natural light, air conditioning, fully fitted and equipped kitchens, and access to a communal pool.. These brand-new apartments, set in a location of natural beauty, were completed in 2024 and present a fantastic investment opportunity for those seeking a low-maintenance holiday home. With close proximity to the charming coastal towns of Carvoeiro and Ferragudo, along with picturesque views of Monchique, this resort offers a peaceful retreat.
The apartments boast a modern design with abundant natural light, air conditioning, fully fitted and equipped kitchens, and access to a communal pool. The layout features a T1+2 typology: a master bedroom with built-in wardrobes and two additional versatile rooms, perfect for use as bedrooms, an office, or a TV room, all sharing a full bathroom.
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Currency Exchange
Lagoa, Faro, Portugal, 8400-080
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 €510,000 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 |
|---|---|---|---|
| €510,000 | £420,189 | £431,506 | £11,317 |
| Property Price € | €510,000 |
| Minimum cost in the last six months | £420,189 |
| Maximum cost in the last six months | £431,506 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,317 |
Lagoa, Faro, Portugal, 8400-080
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 €510,000 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 |
|---|---|---|---|
| €510,000 | £420,189 | £431,506 | £11,317 |
| Property Price € | €510,000 |
| Minimum cost in the last six months | £420,189 |
| Maximum cost in the last six months | £431,506 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,317 |
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 £11,317 more.
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