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Guest House in operation in the historic city of Elvas, Alentejo, Portugal
Elvas, Portalegre, Portugal
REF: 566617
€630,000
Description
Guest House in operation in the historic city of Elvas, Alentejo, Portugal. Elvas is a border city, in a strategic location, where you can enjoy the best things of two countries - Portugal and Spain. With a privileged location in the context of the Iberian Peninsula, Elvas is 2h from Lisbon, 4h from Madrid and 30min from Badajoz airport, by motorway. This is a rare opportunity to acquire a building in the historic city, in which, upon receiving the key, you have at your disposal carefully decorated spaces, prepared to be your home or a tourist accommodation. Allow yourself to enjoy a building full of history and charm, without the need of any construction work, or equipment purchase, as it includes furniture, appliances, electric water heaters and air conditioners. The building was fully rehabilitated in 2019, having maintained its architectural characteristics, both outside and inside, including infrastructure renovation - sewage, water and electricity. Immerse yourself in the city and its history, in a moment of leisure on the terrace with mini panoramic poll. The building has three floors, with 263.00m2 of gross construction area, distributed by 2 living rooms, 1 dining room, 1 kitchen, 1 pantry, 1 toilette, 6 suites, and circulation spaces. In the city the building is very central, is 90m from one of the historical entrances in the city, is 240m from the main square, and has proximity to car parking and several institutional buildings and museums. Availability for exchange with property in the Lisbon district. #ref: 78534
Guest House in operation in the historic city of Elvas, Alentejo, Portugal. Elvas is a border city, in a strategic location, where you can enjoy the best things of two countries - Portugal and Spain. With a privileged location in the context of the Iberian Peninsula, Elvas is 2h from Lisbon, 4h from Madrid and 30min from Badajoz airport, by motorway. This is a rare opportunity to acquire a building in the historic city, in which, upon receiving the key, you have at your disposal carefully decorated spaces, prepared to be your home or a tourist accommodation. Allow yourself to enjoy a building full of history and charm, without the need of any construction work, or equipment purchase, as it includes furniture, appliances, electric water heaters and air conditioners. The building was fully rehabilitated in 2019, having maintained its architectural characteristics, both outside and inside, including infrastructure renovation - sewage, water and electricity. Immerse yourself in the city and its history, in a moment of leisure on the terrace with mini panoramic poll. The building has three floors, with 263.00m2 of gross construction area, distributed by 2 living rooms, 1 dining room, 1 kitchen, 1 pantry, 1 toilette, 6 suites, and circulation spaces. In the city the building is very central, is 90m from one of the historical entrances in the city, is 240m from the main square, and has proximity to car parking and several institutional buildings and museums. Availability for exchange with property in the Lisbon district. #ref: 78534
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Currency Exchange
Elvas, Portalegre, 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 €630,000 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 |
|---|---|---|---|
| €630,000 | £521,835 | £541,454 | £19,618 |
| Property Price € | €630,000 |
| Minimum cost in the last six months | £521,835 |
| Maximum cost in the last six months | £541,454 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,618 |
Elvas, Portalegre, 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 €630,000 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 |
|---|---|---|---|
| €630,000 | £521,835 | £541,454 | £19,618 |
| Property Price € | €630,000 |
| Minimum cost in the last six months | £521,835 |
| Maximum cost in the last six months | £541,454 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,618 |
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 £19,618 more.
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