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Harmonious T2 + 2 apartment, in good condition, located in the central area, with sea views, and about 6 km from the beaches of Carmona and Cavacos
Olhão, Faro, Portugal
REF: 648109
€338,000
Description
Harmonious T2 + 2 apartment, in good condition, located in the central area, with sea views, and about 6 km from the beaches of Carmona and Cavacos. Overlooking Ilha da Culatra, it is also close to a pharmacy (200 m), Health Center and super/hypermarkets (1 km). Positioned on the 4th floor of a building, with elevator, it also has a terrace, balcony and parking space. The city grew from a small fishing village and became the largest fishing port in the Algarve, and is still considered one of the most picturesque and genuine places in the Algarve, showing what is most traditional there, with the proximity of the Ria Formosa and the Islands make it even more enchanting. In addition, the distinction as one of the best municipalities to live in, based on a barometer for evaluating the quality of life. #ref: 89013
Harmonious T2 + 2 apartment, in good condition, located in the central area, with sea views, and about 6 km from the beaches of Carmona and Cavacos. Overlooking Ilha da Culatra, it is also close to a pharmacy (200 m), Health Center and super/hypermarkets (1 km). Positioned on the 4th floor of a building, with elevator, it also has a terrace, balcony and parking space. The city grew from a small fishing village and became the largest fishing port in the Algarve, and is still considered one of the most picturesque and genuine places in the Algarve, showing what is most traditional there, with the proximity of the Ria Formosa and the Islands make it even more enchanting. In addition, the distinction as one of the best municipalities to live in, based on a barometer for evaluating the quality of life. #ref: 89013
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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 €338,000 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 |
|---|---|---|---|
| €338,000 | £278,478 | £290,494 | £12,016 |
| Property Price € | €338,000 |
| Minimum cost in the last six months | £278,478 |
| Maximum cost in the last six months | £290,494 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,016 |
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 €338,000 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 |
|---|---|---|---|
| €338,000 | £278,478 | £290,494 | £12,016 |
| Property Price € | €338,000 |
| Minimum cost in the last six months | £278,478 |
| Maximum cost in the last six months | £290,494 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,016 |
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 £12,016 more.
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