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1 Bedroom apartment in Alvor Atlntico Building, located 2 minutes walk from Alvor beach
Portimão, Faro, Portugal
REF: 670640
€160,000
Description
1 Bedroom apartment in Alvor Atlntico Building, located 2 minutes walk from Alvor beach. The comfortable property includes a bedroom, a living room, 1 bathroom, fully equipped kitchenette and balcony. In the common play areas you will find the indoor swimming pool, sauna & Turkish bath. This property is sold furnished. When buying an Apartment in the Algarve, you will be sure that you are buying in a Resort with frequent maintenance, good services and organized by trained professionals, who are employed by the largest tourist company in Portugal and one of the groups of the top 150 World. Now make an experience of visiting this fantastic apartment! CURIOSITIES ABOUT ALVOR In 716, in the course of the Muslim Invasion was conquered by the Moors and began to be referred to as Albur or Alvor, name of the mountain where the castle of Alvor was built[5], of which only traces remain. Alvor was reconquered by D. Sancho I on 3 June 1189, but lost shortly thereafter, and was then definitively inserted in Portugal in 1250 with the conquest of the Algarve by D. Afonso III By decree of D. Afonso V, Alvor was inserted in the domains of the Count of Faro, and the title of Count of Alvor was created in 1683 by D. Pedro II, being extinguished at the time of the Távoras Process, by the conviction of the 3rd Count of Alvor, Francisco de Assis de Távora.
1 Bedroom apartment in Alvor Atlntico Building, located 2 minutes walk from Alvor beach. The comfortable property includes a bedroom, a living room, 1 bathroom, fully equipped kitchenette and balcony. In the common play areas you will find the indoor swimming pool, sauna & Turkish bath. This property is sold furnished. When buying an Apartment in the Algarve, you will be sure that you are buying in a Resort with frequent maintenance, good services and organized by trained professionals, who are employed by the largest tourist company in Portugal and one of the groups of the top 150 World. Now make an experience of visiting this fantastic apartment! CURIOSITIES ABOUT ALVOR In 716, in the course of the Muslim Invasion was conquered by the Moors and began to be referred to as Albur or Alvor, name of the mountain where the castle of Alvor was built[5], of which only traces remain. Alvor was reconquered by D. Sancho I on 3 June 1189, but lost shortly thereafter, and was then definitively inserted in Portugal in 1250 with the conquest of the Algarve by D. Afonso III By decree of D. Afonso V, Alvor was inserted in the domains of the Count of Faro, and the title of Count of Alvor was created in 1683 by D. Pedro II, being extinguished at the time of the Távoras Process, by the conviction of the 3rd Count of Alvor, Francisco de Assis de Távora.
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Currency Exchange
Portimão, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £137,512 | £5,688 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £137,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,688 |
Portimão, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £137,512 | £5,688 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £137,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,688 |
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 £5,688 more.
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