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Modern and well-located 1-bedroom apartment in a contemporary condominium in Faro
União das Freguesias de Faro (Sé e São Pedro), Faro, Portugal
REF: 995688
€350,000
Description
Modern and well-located 1-bedroom apartment in a contemporary condominium in Faro. With an open-plan living room and kitchen (27sqm), a bedroom with wardrobe and a full bathroom, the property stands out for its good sun exposure to the West and for its balcony with a wide view over the Ria Formosa, the city and the airport. It has large double-glazed windows and thermally and acoustically insulated frames, providing comfort and plenty of natural light. The kitchen is equipped with Bosch appliances (or equivalent), has reversible air conditioning and a heat pump water heating system, which guarantees high energy efficiency (Class A). Includes a parking space in the basement with an electric car charger. The condominium offers rooftop swimming pools (adults and children), a leisure area with panoramic views, a gym with cardio equipment and a co-living space. It is close to the Algarve Forum, the airport, the city centre and main access routes. About Casas do Sotavento Casas do Sotavento embody the best of Algarve architecture and lifestyle. These homes are designed to harmonize with the region's natural beauty, offering a welcoming and sophisticated space. With attention to detail and a commitment to quality, each residence presents a unique opportunity for those seeking a permanent home or a holiday getaway. Casas do Sotavento are not just houses; they are a community where comfort and tranquility meet, ideal for families and individuals who value a relaxing and enriching lifestyle.
Modern and well-located 1-bedroom apartment in a contemporary condominium in Faro. With an open-plan living room and kitchen (27sqm), a bedroom with wardrobe and a full bathroom, the property stands out for its good sun exposure to the West and for its balcony with a wide view over the Ria Formosa, the city and the airport. It has large double-glazed windows and thermally and acoustically insulated frames, providing comfort and plenty of natural light. The kitchen is equipped with Bosch appliances (or equivalent), has reversible air conditioning and a heat pump water heating system, which guarantees high energy efficiency (Class A). Includes a parking space in the basement with an electric car charger. The condominium offers rooftop swimming pools (adults and children), a leisure area with panoramic views, a gym with cardio equipment and a co-living space. It is close to the Algarve Forum, the airport, the city centre and main access routes. About Casas do Sotavento Casas do Sotavento embody the best of Algarve architecture and lifestyle. These homes are designed to harmonize with the region's natural beauty, offering a welcoming and sophisticated space. With attention to detail and a commitment to quality, each residence presents a unique opportunity for those seeking a permanent home or a holiday getaway. Casas do Sotavento are not just houses; they are a community where comfort and tranquility meet, ideal for families and individuals who value a relaxing and enriching lifestyle.
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Currency Exchange
União das Freguesias de Faro (Sé e São Pedro), 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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,908 | £303,832 | £14,924 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,908 |
| Maximum cost in the last six months | £303,832 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,924 |
União das Freguesias de Faro (Sé e São Pedro), 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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,908 | £303,832 | £14,924 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,908 |
| Maximum cost in the last six months | £303,832 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,924 |
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 £14,924 more.
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