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The property can be used as a holiday home all year round or as an investment
Carvoeiro, Faro, Portugal
REF: 651489
€475,000
Description
The property can be used as a holiday home all year round or as an investment. It is a tourist development of low density, situated between the villages of Carvoeiro and Ferragudo, developing in 33 hectares of traditionally Algarve landscape. We speak of 45 townhouses with private pool and 32 apartments of contemporary architecture of typology T1 +2 that contemplate the surrounding landscape and the unobstructed view to the Monchique mountain range. When purchasing a property in this resort, the Pestana Resort and Pestana Guest Card with endless advantages in Hotels, Restaurants and Golf belonging to the Pestana Group and Participating Partners are awarded.
The property can be used as a holiday home all year round or as an investment. It is a tourist development of low density, situated between the villages of Carvoeiro and Ferragudo, developing in 33 hectares of traditionally Algarve landscape. We speak of 45 townhouses with private pool and 32 apartments of contemporary architecture of typology T1 +2 that contemplate the surrounding landscape and the unobstructed view to the Monchique mountain range. When purchasing a property in this resort, the Pestana Resort and Pestana Guest Card with endless advantages in Hotels, Restaurants and Golf belonging to the Pestana Group and Participating Partners are awarded.
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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 €475,000 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 |
|---|---|---|---|
| €475,000 | £404,078 | £416,357 | £12,279 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £404,078 |
| Maximum cost in the last six months | £416,357 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,279 |
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 €475,000 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 |
|---|---|---|---|
| €475,000 | £404,078 | £416,357 | £12,279 |
| Property Price € | €475,000 |
| Minimum cost in the last six months | £404,078 |
| Maximum cost in the last six months | £416,357 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,279 |
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 £12,279 more.
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