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Two-family house with 6 bedrooms in total, transformed into two townhouses with 3 bedrooms each located in a very quiet area next to the Vila Sol resort and close to a small shopping area
Loulé, Faro, Portugal
REF: 571048
€1,500,000
Description
Two-family house with 6 bedrooms in total, transformed into two townhouses with 3 bedrooms each located in a very quiet area next to the Vila Sol resort and close to a small shopping area. Each villa has a living/dining room, equipped kitchen, a shared bathroom, a bedroom on the ground floor, two en-suite bedrooms on the first floor. The garden, swimming pool and the garage are common to both houses. Both houses are equipped with air conditioning, alarm system, fireplace with stove, double glazing and electric gate. Plot of land of 840m2 with 552m2 of construction area. There is the opportunity to combine the two houses into one or rent them individually. Book your viewing! #ref: 78980
Two-family house with 6 bedrooms in total, transformed into two townhouses with 3 bedrooms each located in a very quiet area next to the Vila Sol resort and close to a small shopping area. Each villa has a living/dining room, equipped kitchen, a shared bathroom, a bedroom on the ground floor, two en-suite bedrooms on the first floor. The garden, swimming pool and the garage are common to both houses. Both houses are equipped with air conditioning, alarm system, fireplace with stove, double glazing and electric gate. Plot of land of 840m2 with 552m2 of construction area. There is the opportunity to combine the two houses into one or rent them individually. Book your viewing! #ref: 78980
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Currency Exchange
Loulé, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
Loulé, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,235,850 | £1,289,175 | £53,325 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,235,850 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £53,325 |
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 £53,325 more.
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