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Charming and sophisticated 2-bedroom apartment in Vila Real de Santo António, situated on the privileged 2nd line of the stunning Guadiana River
Vila Real de Santo António, Faro, Portugal
REF: 963192
€550,000
Description
Charming and sophisticated 2-bedroom apartment in Vila Real de Santo António, situated on the privileged 2nd line of the stunning Guadiana River. This modern, elegant and high-quality property is currently under construction, with completion and delivery scheduled for the end of 2025, offering a unique opportunity to acquire a new, comfortable property with excellent finishes. This apartment has two spacious and bright bedrooms, including a master bedroom with a versatile, comfortable feel and plenty of privacy, as well as two huge windows facing south and west. The living room, with its generous areas and large windows, provides abundant natural light and lovely views of the river, creating a warm, inviting space that is perfect for moments of leisure or socializing with family and friends. The fully equipped kitchen features modern, functional finishes and contemporary design, ideal for preparing delicious meals with ease. The modern, fully-equipped bathroom offers practicality and comfort for your day-to-day life. In addition, the bedrooms have high-quality built-in closets, optimizing space and keeping everything elegantly organized. Situated on the first floor, in one of the city's most prestigious streets, this apartment combines convenience, security and a privileged location. It is close to VRSA's charming marina, top restaurants and the vibrant city center, ensuring easy access to all the local amenities and attractions. With solar orientation to the south, the property offers wonderful natural light throughout the day, as well as privileged views of the river. In the contract of purchase and sale (CPCV), the initial down payment is 25%, followed by a further 25% three months later, upon verification of construction progress, and the remaining 50% at the signing of the deed, guaranteeing total transparency and security in the negotiation.
Charming and sophisticated 2-bedroom apartment in Vila Real de Santo António, situated on the privileged 2nd line of the stunning Guadiana River. This modern, elegant and high-quality property is currently under construction, with completion and delivery scheduled for the end of 2025, offering a unique opportunity to acquire a new, comfortable property with excellent finishes. This apartment has two spacious and bright bedrooms, including a master bedroom with a versatile, comfortable feel and plenty of privacy, as well as two huge windows facing south and west. The living room, with its generous areas and large windows, provides abundant natural light and lovely views of the river, creating a warm, inviting space that is perfect for moments of leisure or socializing with family and friends. The fully equipped kitchen features modern, functional finishes and contemporary design, ideal for preparing delicious meals with ease. The modern, fully-equipped bathroom offers practicality and comfort for your day-to-day life. In addition, the bedrooms have high-quality built-in closets, optimizing space and keeping everything elegantly organized. Situated on the first floor, in one of the city's most prestigious streets, this apartment combines convenience, security and a privileged location. It is close to VRSA's charming marina, top restaurants and the vibrant city center, ensuring easy access to all the local amenities and attractions. With solar orientation to the south, the property offers wonderful natural light throughout the day, as well as privileged views of the river. In the contract of purchase and sale (CPCV), the initial down payment is 25%, followed by a further 25% three months later, upon verification of construction progress, and the remaining 50% at the signing of the deed, guaranteeing total transparency and security in the negotiation.
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Currency Exchange
Vila Real de Santo António, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £477,450 | £24,305 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £477,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,305 |
Vila Real de Santo António, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £477,450 | £24,305 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £477,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,305 |
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 £24,305 more.
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