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The Atrium Arade Building will be the result of a deep recovery operation of a set of very emblematic buildings located in the old town of Portimão with a strong exhibition on the Riverside area
Portimão, Faro, Portugal
REF: 258405
€385,000
Description
The Atrium Arade Building will be the result of a deep recovery operation of a set of very emblematic buildings located in the old town of Portimão with a strong exhibition on the Riverside area. Although This is not a typical tourist undertaking, this project is of the utmost interest for local and regional tourism, as confirmed by the financing contract concluded with Turismo de Portugal IP under the JESSICA programme signed in Last July, which is why the Promoter requires the attribution of Tourist Utility. Located in the oldest hull of the city, with the façade of the main building (facing Plaza Visconde de Bívar) built on the tracing of the old city wall, assuming that its foundations are those of the wall, represents an icon of the image of the ancient city, Well present in the memory of the portimonenses, in what was the most exposed and important 'front' of the city. The project will consist of 5 Local Accommodation units, commercial and service areas. A high quality level Is sought, justified by the premium location and the historical and architectural value of the existing building. The generous areas and the architectural quality proposed for the units attaining the quality that is intended to be achieved. The development of the Atrium Arade Building assumes a place of utmost importance and encouragement to the renewal movement of the city that will return to Portimão the touristic attractiveness of the past.
The Atrium Arade Building will be the result of a deep recovery operation of a set of very emblematic buildings located in the old town of Portimão with a strong exhibition on the Riverside area. Although This is not a typical tourist undertaking, this project is of the utmost interest for local and regional tourism, as confirmed by the financing contract concluded with Turismo de Portugal IP under the JESSICA programme signed in Last July, which is why the Promoter requires the attribution of Tourist Utility. Located in the oldest hull of the city, with the façade of the main building (facing Plaza Visconde de Bívar) built on the tracing of the old city wall, assuming that its foundations are those of the wall, represents an icon of the image of the ancient city, Well present in the memory of the portimonenses, in what was the most exposed and important 'front' of the city. The project will consist of 5 Local Accommodation units, commercial and service areas. A high quality level Is sought, justified by the premium location and the historical and architectural value of the existing building. The generous areas and the architectural quality proposed for the units attaining the quality that is intended to be achieved. The development of the Atrium Arade Building assumes a place of utmost importance and encouragement to the renewal movement of the city that will return to Portimão the touristic attractiveness of the past.
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Currency Exchange
Portimão, 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 €385,000 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 |
|---|---|---|---|
| €385,000 | £317,202 | £330,888 | £13,687 |
| Property Price € | €385,000 |
| Minimum cost in the last six months | £317,202 |
| Maximum cost in the last six months | £330,888 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,687 |
Portimão, 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 €385,000 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 |
|---|---|---|---|
| €385,000 | £317,202 | £330,888 | £13,687 |
| Property Price € | €385,000 |
| Minimum cost in the last six months | £317,202 |
| Maximum cost in the last six months | £330,888 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,687 |
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 £13,687 more.
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