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Loft with 59 s qm and balcony of 6 s qm inserted in the latest development on the slope of Serra do Pilar
Santa Marinha, Porto, Portugal
REF: 619194
€508,250
Description
Loft with 59 s qm and balcony of 6 s qm inserted in the latest development on the slope of Serra do Pilar. With guaranteed yield option. The development is located on the banks of the Douro River, with the façade facing south allowing to have a great sun exposure and superb views over the river and the city. With a timeless elegance, this development is the result of a rehabilitation project of a building of the century. XVIII that preserves many of its architectural features. The project consists of two independent buildings, the renovated palace and a new structure separated by the private garden. The development consists of 17 apartments T0 to T2, with areas ranging from 41sqm to 156sqm, all with air conditioning, equipped kitchen, most fractions overlooking the Douro River and the city of Porto. The area is served by various services and commercial shops of first use in the vicinity. Ask for more information. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto, we are based in Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve region next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
Loft with 59 s qm and balcony of 6 s qm inserted in the latest development on the slope of Serra do Pilar. With guaranteed yield option. The development is located on the banks of the Douro River, with the façade facing south allowing to have a great sun exposure and superb views over the river and the city. With a timeless elegance, this development is the result of a rehabilitation project of a building of the century. XVIII that preserves many of its architectural features. The project consists of two independent buildings, the renovated palace and a new structure separated by the private garden. The development consists of 17 apartments T0 to T2, with areas ranging from 41sqm to 156sqm, all with air conditioning, equipped kitchen, most fractions overlooking the Douro River and the city of Porto. The area is served by various services and commercial shops of first use in the vicinity. Ask for more information. Castelhana is a Portuguese real estate agency present in the domestic market for over 20 years, specialized in prime residential real estate and recognized for the launch of some of the most distinguished developments in Portugal. Founded in 1999, Castelhana provides a full service in business brokerage. We are specialists in investment and in the commercialization of real estate. In Porto, we are based in Foz Do Douro, one of the noblest places in the city. In Lisbon, in Chiado, one of the most emblematic and traditional areas of the capital and in the Algarve region next to the renowned Vilamoura Marina. We are waiting for you. We have a team available to give you the best support in your next real estate investment. Contact us!
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Currency Exchange
Santa Marinha, Porto, 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 €508,250 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 |
|---|---|---|---|
| €508,250 | £420,989 | £436,815 | £15,827 |
| Property Price € | €508,250 |
| Minimum cost in the last six months | £420,989 |
| Maximum cost in the last six months | £436,815 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,827 |
Santa Marinha, Porto, 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 €508,250 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 |
|---|---|---|---|
| €508,250 | £420,989 | £436,815 | £15,827 |
| Property Price € | €508,250 |
| Minimum cost in the last six months | £420,989 |
| Maximum cost in the last six months | £436,815 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,827 |
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 £15,827 more.
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