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Renovated 2 bedroom villa, with a privileged location in the center of Faro
Faro, Faro, Portugal
REF: 584259
€385,000
Description
Renovated 2 bedroom villa, with a privileged location in the center of Faro. It is located in a very sought after area in downtown, around it has all the central services and amenities for everyday life, such as cafe/restaurants, banks, schools, supermarkets, public transport, the Marina and the Market. The house was recently remodeled with high quality materials and equipment, every detail was thought out in order to adapt to today's contemporary trends. We have two independent entrances, distributed over two floors, ground floor and 1st floor. On the ground floor we have a large living and dining room, a service bathroom, a very functional and fully equipped kitchen with direct access to the patio where you can place a barbecue and enjoy leisure time outdoors. We also have an independent space where it could be an office. On the 1st floor we find two en-suites with fitted wardrobes, one with a balcony. Another advantage of this house is that it has good accessibility for people with reduced mobility. It is an excellent opportunity for own housing or also for investment, due to its prestigious location it is easy to monetize annually with a huge guaranteed return. #ref: 79616
Renovated 2 bedroom villa, with a privileged location in the center of Faro. It is located in a very sought after area in downtown, around it has all the central services and amenities for everyday life, such as cafe/restaurants, banks, schools, supermarkets, public transport, the Marina and the Market. The house was recently remodeled with high quality materials and equipment, every detail was thought out in order to adapt to today's contemporary trends. We have two independent entrances, distributed over two floors, ground floor and 1st floor. On the ground floor we have a large living and dining room, a service bathroom, a very functional and fully equipped kitchen with direct access to the patio where you can place a barbecue and enjoy leisure time outdoors. We also have an independent space where it could be an office. On the 1st floor we find two en-suites with fitted wardrobes, one with a balcony. Another advantage of this house is that it has good accessibility for people with reduced mobility. It is an excellent opportunity for own housing or also for investment, due to its prestigious location it is easy to monetize annually with a huge guaranteed return. #ref: 79616
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Currency Exchange
Faro, 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 | £318,899 | £330,888 | £11,989 |
| Property Price € | €385,000 |
| Minimum cost in the last six months | £318,899 |
| 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 | £11,989 |
Faro, 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 | £318,899 | £330,888 | £11,989 |
| Property Price € | €385,000 |
| Minimum cost in the last six months | £318,899 |
| 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 | £11,989 |
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 £11,989 more.
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