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Modern 2 Bedroom Home with Private Pool
Lagos, Faro, Portugal, 8600-147
REF: 973574
€1,035,000
Description
Located in the popular beach town Praia da Luz, these newly built villas are within walking distance of the town centre, local shops, restaurants, and beaches. Faro Airport is less than an hour's drive away, offering easy access for both permanent residents and holiday homeowners. This small-scale development of just 10 villas is currently in its initial construction phase. Each unit features a thoughtful and functional design with an open-plan kitchen and living area, two en-suite bedrooms with built-in wardrobes, and a separate guest bathroom. Large sliding doors connect the indoor living space with the outdoor terrace, garden, and private pool.
Each villa includes a rooftop terrace offering views of the surrounding area and the sea. A private covered parking space a rare and valuable feature in this part of the Algarve is also included with each unit.
High-quality finishes and modern infrastructure ensure year-round comfort and energy efficiency. Standard features include:
- Water-based underfloor heating
- Photovoltaic solar panels
- Central vacuum system
- Central ventilation with integrated air conditioning
- Floor and wall insulation for thermal and acoustic efficiency
Plot sizes range from 250 m to 670 m .
These homes offer a practical, well-equipped base in one of the Algarve s most desirable coastal towns.
Located in the popular beach town Praia da Luz, these newly built villas are within walking distance of the town centre, local shops, restaurants, and beaches. Faro Airport is less than an hour's drive away, offering easy access for both permanent residents and holiday homeowners. This small-scale development of just 10 villas is currently in its initial construction phase. Each unit features a thoughtful and functional design with an open-plan kitchen and living area, two en-suite bedrooms with built-in wardrobes, and a separate guest bathroom. Large sliding doors connect the indoor living space with the outdoor terrace, garden, and private pool.
Each villa includes a rooftop terrace offering views of the surrounding area and the sea. A private covered parking space a rare and valuable feature in this part of the Algarve is also included with each unit.
High-quality finishes and modern infrastructure ensure year-round comfort and energy efficiency. Standard features include:
- Water-based underfloor heating
- Photovoltaic solar panels
- Central vacuum system
- Central ventilation with integrated air conditioning
- Floor and wall insulation for thermal and acoustic efficiency
Plot sizes range from 250 m to 670 m .
These homes offer a practical, well-equipped base in one of the Algarve s most desirable coastal towns.
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Currency Exchange
Lagos, Faro, Portugal, 8600-147
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 €1,035,000 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 |
|---|---|---|---|
| €1,035,000 | £854,248 | £898,473 | £44,226 |
| Property Price € | €1,035,000 |
| Minimum cost in the last six months | £854,248 |
| Maximum cost in the last six months | £898,473 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,226 |
Lagos, Faro, Portugal, 8600-147
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 €1,035,000 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 |
|---|---|---|---|
| €1,035,000 | £854,248 | £898,473 | £44,226 |
| Property Price € | €1,035,000 |
| Minimum cost in the last six months | £854,248 |
| Maximum cost in the last six months | £898,473 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,226 |
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 £44,226 more.
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