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Olivie Condominium apartments Portimão
Portimão, Faro, Portugal, 8500-818
REF: 800545
€450,000
Description
Immerse yourself in the enchantment of Portimão, the gem of the Algarve. Delight in pristine beaches, a bustling marina, and a lively promenade teeming with shops and restaurants. Indulge in the flavors of fresh seafood and local delicacies at the markets. Uncover historical landmarks such as the iconic Fort of Santa Catarina and dance the night away in trendy clubs. With its warm climate and welcoming ambiance, Portimão is the perfect destination to escape to. In a tranquil setting just minutes away from the center of Portimão and its magnificent beaches, we find this luxurious building boasting only 16 apartments.
The property has been constructed to a high standard by one of the most renowned developers in the Algarve, offering an outdoor swimming pool, a shared covered fitness center, and private parking in the garage.
The apartments are equipped with air conditioning, underfloor heating in the bathrooms, electric shutters, a hot water system powered by solar panels, video intercom, and excellent thermal and acoustic insulation.
A private parking space is provided in the building's garage.
The completion of the property is scheduled for December 2024.
Immerse yourself in the enchantment of Portimão, the gem of the Algarve. Delight in pristine beaches, a bustling marina, and a lively promenade teeming with shops and restaurants. Indulge in the flavors of fresh seafood and local delicacies at the markets. Uncover historical landmarks such as the iconic Fort of Santa Catarina and dance the night away in trendy clubs. With its warm climate and welcoming ambiance, Portimão is the perfect destination to escape to. In a tranquil setting just minutes away from the center of Portimão and its magnificent beaches, we find this luxurious building boasting only 16 apartments.
The property has been constructed to a high standard by one of the most renowned developers in the Algarve, offering an outdoor swimming pool, a shared covered fitness center, and private parking in the garage.
The apartments are equipped with air conditioning, underfloor heating in the bathrooms, electric shutters, a hot water system powered by solar panels, video intercom, and excellent thermal and acoustic insulation.
A private parking space is provided in the building's garage.
The completion of the property is scheduled for December 2024.
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Currency Exchange
Portimão, Faro, Portugal, 8500-818
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 €450,000 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 |
|---|---|---|---|
| €450,000 | £382,811 | £394,443 | £11,633 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £382,811 |
| Maximum cost in the last six months | £394,443 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,633 |
Portimão, Faro, Portugal, 8500-818
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 €450,000 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 |
|---|---|---|---|
| €450,000 | £382,811 | £394,443 | £11,633 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £382,811 |
| Maximum cost in the last six months | £394,443 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,633 |
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 £11,633 more.
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