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New apartment with balcony 1st floor raised (author of a 2nd floor) floor open view on the RIA FORMOSA building with elevator and garage box
Olhão, Faro, Portugal
REF: 566063
€330,000
Description
New apartment with balcony 1st floor raised (author of a 2nd floor) floor open view on the RIA FORMOSA building with elevator and garage box. Delivery scheduled for December 2022. It has an entrance, large 25m2 living room with fully equipped open kitchen (SIEMENS brand) large bay windows access to the 38m2 terrace with a completely unobstructed view of the ria formosa. 1 large bedroom en suite with dressing room and bathroom, you also have separate toilets near the entrance, plenty of storage. - air conditioning installed - electric shutters - SIEMENS fitted kitchen - Solar panels - Closed box in the basement It is located in a quiet and residential area of the city of Olhao, capital of the RIA FORMOSA. You are less than 10 minutes from the port and the famous organic market. VERY NICE OPPORTUNITY #ref: 78271
New apartment with balcony 1st floor raised (author of a 2nd floor) floor open view on the RIA FORMOSA building with elevator and garage box. Delivery scheduled for December 2022. It has an entrance, large 25m2 living room with fully equipped open kitchen (SIEMENS brand) large bay windows access to the 38m2 terrace with a completely unobstructed view of the ria formosa. 1 large bedroom en suite with dressing room and bathroom, you also have separate toilets near the entrance, plenty of storage. - air conditioning installed - electric shutters - SIEMENS fitted kitchen - Solar panels - Closed box in the basement It is located in a quiet and residential area of the city of Olhao, capital of the RIA FORMOSA. You are less than 10 minutes from the port and the famous organic market. VERY NICE OPPORTUNITY #ref: 78271
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Currency Exchange
Olhão, 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 €330,000 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 |
|---|---|---|---|
| €330,000 | £271,887 | £283,619 | £11,732 |
| Property Price € | €330,000 |
| Minimum cost in the last six months | £271,887 |
| Maximum cost in the last six months | £283,619 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,732 |
Olhão, 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 €330,000 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 |
|---|---|---|---|
| €330,000 | £271,887 | £283,619 | £11,732 |
| Property Price € | €330,000 |
| Minimum cost in the last six months | £271,887 |
| Maximum cost in the last six months | £283,619 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,732 |
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 £11,732 more.
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