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Apartment 106 - 82sqm- first floor - Sun exposition East The tourist development stands out for its attention to detail, offering a harmonious environment between Intergaup’s stunning architecture and nature, in a privileged location overlooking the sea, right at Ponta da Piedade, Lagos
Lagos, Faro, Portugal
REF: 966642
€500,000
Description
Apartment 106 - 82sqm- first floor - Sun exposition East The tourist development stands out for its attention to detail, offering a harmonious environment between Intergaup’s stunning architecture and nature, in a privileged location overlooking the sea, right at Ponta da Piedade, Lagos. The project consists of two imposing 9-story towers with a sophisticated and modern design. One tower will be dedicated to a 5-star hotel from The Editory Collection Hotels brand, owned by Sonae Capital Hospitality, S.A. The second tower will house luxurious tourist apartments, fully equipped, furnished, and decorated — interior design by the renowned GCA Architects, specialists in the art of blending innovation, sustainable technology, and eco-efficiency with handcrafted work made with care. The 72 tourist apartments, ranging from one to three bedrooms (T1 to T3), including the functional T1+ and T2+ alternatives, enjoy excellent sun exposure, either east- or west-facing. The complex offers top-tier amenities (swimming pools, spa, gym, kids club, etc.) as well as reception/concierge, housekeeping, and security/surveillance services. Owners benefit from the convenience of having their apartments managed for tourism by Sonae Capital Hospitality, under a simplified profit-sharing model: 60% for the owners 40% for the managing entity Additionally, there are no usage limits for owners, who can even live there full-time and enjoy the property permanently! As for condominium fees, the estimated periodic cost is around €3/m²/month. Current availability summary: T1: €500,000 to €800,000 – average area: 63 m² T1+: €550,000 to €850,000 – average area: 84 m² T3: €750,000 to €800,000 – average area: 117 m² Each comes with spacious balconies ranging from 19 to 29 m², offering breathtaking views and extending your living space into the horizon. Business conditions: Initial reservation: €10,000 Promissory Purchase Agreement: 20% down payment (minus the €10,000) Deed: remaining 80% #ref: 141666
Apartment 106 - 82sqm- first floor - Sun exposition East The tourist development stands out for its attention to detail, offering a harmonious environment between Intergaup’s stunning architecture and nature, in a privileged location overlooking the sea, right at Ponta da Piedade, Lagos. The project consists of two imposing 9-story towers with a sophisticated and modern design. One tower will be dedicated to a 5-star hotel from The Editory Collection Hotels brand, owned by Sonae Capital Hospitality, S.A. The second tower will house luxurious tourist apartments, fully equipped, furnished, and decorated — interior design by the renowned GCA Architects, specialists in the art of blending innovation, sustainable technology, and eco-efficiency with handcrafted work made with care. The 72 tourist apartments, ranging from one to three bedrooms (T1 to T3), including the functional T1+ and T2+ alternatives, enjoy excellent sun exposure, either east- or west-facing. The complex offers top-tier amenities (swimming pools, spa, gym, kids club, etc.) as well as reception/concierge, housekeeping, and security/surveillance services. Owners benefit from the convenience of having their apartments managed for tourism by Sonae Capital Hospitality, under a simplified profit-sharing model: 60% for the owners 40% for the managing entity Additionally, there are no usage limits for owners, who can even live there full-time and enjoy the property permanently! As for condominium fees, the estimated periodic cost is around €3/m²/month. Current availability summary: T1: €500,000 to €800,000 – average area: 63 m² T1+: €550,000 to €850,000 – average area: 84 m² T3: €750,000 to €800,000 – average area: 117 m² Each comes with spacious balconies ranging from 19 to 29 m², offering breathtaking views and extending your living space into the horizon. Business conditions: Initial reservation: €10,000 Promissory Purchase Agreement: 20% down payment (minus the €10,000) Deed: remaining 80% #ref: 141666
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Currency Exchange
Lagos, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £411,950 | £434,045 | £22,095 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £411,950 |
| Maximum cost in the last six months | £434,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,095 |
Lagos, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £411,950 | £434,045 | £22,095 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £411,950 |
| Maximum cost in the last six months | £434,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,095 |
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 £22,095 more.
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