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3 bedroom apartment, top floor, next to Penha University Apartment with good areas, next to the University, in a gated community
Faro, Faro, Portugal
REF: 953874
€430,000
Description
3 bedroom apartment, top floor, next to Penha University Apartment with good areas, next to the University, in a gated community. Apartment in good condition, consisting of three good-sized bedrooms, one of which is a suite. Equipped kitchen, good sized living room, two bathrooms, hall. It has 2 balconies. It also has a storage room and 2 private parking spaces in the garage. The condominium has a central area with a private playground where children can play in complete safety. This fantastic apartment is ideal for investment or as your own home. Apartment located 2 minutes from the city center of Faro, in one of the most sought after areas due to its proximity to the University of Faro, Penha campus and Faro Hospital. This is a residential area close to a wide variety of amenities and services such as restaurants, cafes, sweet shops, supermarket, schools, private school, hospitals, medical clinics, shopping center. About Faro: Faro, the charming capital of the Algarve, combines history, culture and quality of life. With a picturesque historic center, paradisiacal beaches and the stunning Ria Formosa, this city offers a peaceful and sophisticated lifestyle. With an excellent range of services, shops, gastronomy and privileged access – including an international airport –, Faro is the ideal place for those looking to live or invest in an authentic and welcoming environment. #ref: 139157
3 bedroom apartment, top floor, next to Penha University Apartment with good areas, next to the University, in a gated community. Apartment in good condition, consisting of three good-sized bedrooms, one of which is a suite. Equipped kitchen, good sized living room, two bathrooms, hall. It has 2 balconies. It also has a storage room and 2 private parking spaces in the garage. The condominium has a central area with a private playground where children can play in complete safety. This fantastic apartment is ideal for investment or as your own home. Apartment located 2 minutes from the city center of Faro, in one of the most sought after areas due to its proximity to the University of Faro, Penha campus and Faro Hospital. This is a residential area close to a wide variety of amenities and services such as restaurants, cafes, sweet shops, supermarket, schools, private school, hospitals, medical clinics, shopping center. About Faro: Faro, the charming capital of the Algarve, combines history, culture and quality of life. With a picturesque historic center, paradisiacal beaches and the stunning Ria Formosa, this city offers a peaceful and sophisticated lifestyle. With an excellent range of services, shops, gastronomy and privileged access – including an international airport –, Faro is the ideal place for those looking to live or invest in an authentic and welcoming environment. #ref: 139157
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Currency Exchange
Faro, 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 €430,000 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 |
|---|---|---|---|
| €430,000 | £354,277 | £363,819 | £9,542 |
| Property Price € | €430,000 |
| Minimum cost in the last six months | £354,277 |
| Maximum cost in the last six months | £363,819 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,542 |
Faro, 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 €430,000 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 |
|---|---|---|---|
| €430,000 | £354,277 | £363,819 | £9,542 |
| Property Price € | €430,000 |
| Minimum cost in the last six months | £354,277 |
| Maximum cost in the last six months | £363,819 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,542 |
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 £9,542 more.
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