T4 Townhouse in the RIA TERRACES Development, Faro, Algarve Property Features: Type: T4 Bathrooms: 4 Terrace and Balcony: Yes Parking: 2 spaces Air Conditioning: Yes Pool: Yes Garden: Yes Built-in Wardrobes: Yes Orientation: South Areas: Basement: 69sqm (delivered in raw state, allowing various uses

Montenegro, Faro, Portugal

For Sale

€1,200,000

REF: 931712 €1,200,000


4

4

231 m2

456 m2

Description

T4 Townhouse in the RIA TERRACES Development, Faro, Algarve Property Features: Type: T4 Bathrooms: 4 Terrace and Balcony: Yes Parking: 2 spaces Air Conditioning: Yes Pool: Yes Garden: Yes Built-in Wardrobes: Yes Orientation: South Areas: Basement: 69sqm (delivered in raw state, allowing various uses such as sauna, gym, wine cellar, cinema room, etc.) Ground Floor: 175sqm First Floor: 74sqm Terrace: 67sqm Space Distribution: Basement: Versatile space for multiple uses, delivered in raw state.

Ground Floor: Entrance hall, living room with fully equipped open kitchen, 1 bedroom/office, 1 bathroom, garden with pool, and 2 parking spaces. First Floor: 3 suites with built-in wardrobes and a balcony with spectacular views of the Ria Formosa. Terrace: Large area with unobstructed and stunning views.

Additional Details: Energy Certification: A+ Accessibility: Adapted for people with reduced mobility. Orientation: South Delivery: End of the first half of 2025 Payment Conditions: 10% upon signing the Promissory Contract of Purchase and Sale (CPCV) 10% at the start of construction 80% upon deed RIA TERRACES Development: Your New Home in Faro, Algarve A New Community in Development We are pleased to present RIA TERRACES, a new condominium of 33 luxury villas integrated into nature, with privileged views over the Ria Formosa.

Project Details The RIA TERRACES project includes the phased construction of up to 33 houses, distributed over 4 distinct phases. Intended for middle-class families, these houses feature top-notch finishes and high energy efficiency, perfectly integrated into the natural environment to take full advantage of the unique conditions of the location and surrounding landscape.

Development Objective The main objective of the development is to create a sustainable community that harmonizes with the abundant natural resources of the region and contributes to the expansion of Faro's residential offer in the Montenegro area. Privileged Location RIA TERRACES is being developed in a new extension of Montenegro, along two newly developed streets.

This unique location offers spectacular views over the Ria Formosa, excellent sun exposure, and the creation of a modern residential community, with excellent access and a wide range of goods and services nearby. Customization to Your Needs The concept of the houses was designed to maximize the surrounding natural resources and offer residents the possibility to adapt the house to their habits and needs.
T4 Townhouse in the RIA TERRACES Development, Faro, Algarve Property Features: Type: T4 Bathrooms: 4 Terrace and Balcony: Yes Parking: 2 spaces Air Conditioning: Yes Pool: Yes Garden: Yes Built-in Wardrobes: Yes Orientation: South Areas: Basement: 69sqm (delivered in raw state, allowing various uses such as sauna, gym, wine cellar, cinema room, etc.) Ground Floor: 175sqm First Floor: 74sqm Terrace: 67sqm Space Distribution: Basement: Versatile space for multiple uses, delivered in raw state.

Ground Floor: Entrance hall, living room with fully equipped open kitchen, 1 bedroom/office, 1 bathroom, garden with pool, and 2 parking spaces. First Floor: 3 suites with built-in wardrobes and a balcony with spectacular views of the Ria Formosa. Terrace: Large area with unobstructed and stunning views.

Additional Details: Energy Certification: A+ Accessibility: Adapted for people with reduced mobility. Orientation: South Delivery: End of the first half of 2025 Payment Conditions: 10% upon signing the Promissory Contract of Purchase and Sale (CPCV) 10% at the start of construction 80% upon deed RIA TERRACES Development: Your New Home in Faro, Algarve A New Community in Development We are pleased to present RIA TERRACES, a new condominium of 33 luxury villas integrated into nature, with privileged views over the Ria Formosa.

Project Details The RIA TERRACES project includes the phased construction of up to 33 houses, distributed over 4 distinct phases. Intended for middle-class families, these houses feature top-notch finishes and high energy efficiency, perfectly integrated into the natural environment to take full advantage of the unique conditions of the location and surrounding landscape.

Development Objective The main objective of the development is to create a sustainable community that harmonizes with the abundant natural resources of the region and contributes to the expansion of Faro's residential offer in the Montenegro area. Privileged Location RIA TERRACES is being developed in a new extension of Montenegro, along two newly developed streets.

This unique location offers spectacular views over the Ria Formosa, excellent sun exposure, and the creation of a modern residential community, with excellent access and a wide range of goods and services nearby. Customization to Your Needs The concept of the houses was designed to maximize the surrounding natural resources and offer residents the possibility to adapt the house to their habits and needs.
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Currency Exchange

Montenegro, 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 €1,200,000 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
€1,200,000 £988,680 £1,041,708 £53,028
Property Price € €1,200,000
Minimum cost in the last six months £988,680
Maximum cost in the last six months £1,041,708
Fluctuating exchange rates over the last six months could have increased the cost of this property by £53,028

Montenegro, 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 €1,200,000 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
€1,200,000 £988,680 £1,041,708 £53,028
Property Price € €1,200,000
Minimum cost in the last six months £988,680
Maximum cost in the last six months £1,041,708
Fluctuating exchange rates over the last six months could have increased the cost of this property by £53,028

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 £53,028 more.

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