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PORTUGAL - ALGARVE - OLHAO T2 house with renovated traditional architecture, with patio and roof terrace, located in downtown Olhão, close to the famous market and the boats providing access to the islands of Ria Formosa
Olhão, Faro, Portugal
REF: 706492
€230,000
Description
PORTUGAL - ALGARVE - OLHAO T2 house with renovated traditional architecture, with patio and roof terrace, located in downtown Olhão, close to the famous market and the boats providing access to the islands of Ria Formosa. This house with azuleros facade, initially T1 of 91 m², has been transformed into a T2 house and is composed as follows: A very large living space with living room and dining room separated by an authentic Algarve porch, 1 toilet, 2 bedrooms, a storage room and a kitchen which opens directly onto the outdoor patio with its barbecue area and dining area. The very spacious and sunny roof terrace with a view of the city which you can fully arrange makes it a very special asset. Imagine pleasant evenings with this panoramic view where you can spend good times relaxing with family or friends! An outdoor space in the city center is a real luxury! It is possible to build an additional floor there as this property is located in the ARU zone (Urban Rehabilitation Zone). It is a perfect house for your vacation and even to make a profit, as the rapidly developing city of Olhão is one of the most sought-after cities in the Algarve. The house is located just 20 minutes from Faro International Airport and the beautiful beaches and coastal towns of the Ria Formosa. Due to its orientation, the property benefits from excellent exposure to the sun. Its location in the city center makes it easy to get around on foot, just a few meters from banks, the post office, the town hall, shops, restaurants, etc. Don't miss this opportunity and book your visit! At IAD, we share our activities with any consultant or real estate agency. We promote properties on more than 200 national and international real estate portals. If you are an industry professional and have a qualified buyer, contact me and schedule your visit. I inform you that I am 100% available, by telephone or email, to provide you with any additional information on this property and schedule a more detailed visit. #ref: 98617
PORTUGAL - ALGARVE - OLHAO T2 house with renovated traditional architecture, with patio and roof terrace, located in downtown Olhão, close to the famous market and the boats providing access to the islands of Ria Formosa. This house with azuleros facade, initially T1 of 91 m², has been transformed into a T2 house and is composed as follows: A very large living space with living room and dining room separated by an authentic Algarve porch, 1 toilet, 2 bedrooms, a storage room and a kitchen which opens directly onto the outdoor patio with its barbecue area and dining area. The very spacious and sunny roof terrace with a view of the city which you can fully arrange makes it a very special asset. Imagine pleasant evenings with this panoramic view where you can spend good times relaxing with family or friends! An outdoor space in the city center is a real luxury! It is possible to build an additional floor there as this property is located in the ARU zone (Urban Rehabilitation Zone). It is a perfect house for your vacation and even to make a profit, as the rapidly developing city of Olhão is one of the most sought-after cities in the Algarve. The house is located just 20 minutes from Faro International Airport and the beautiful beaches and coastal towns of the Ria Formosa. Due to its orientation, the property benefits from excellent exposure to the sun. Its location in the city center makes it easy to get around on foot, just a few meters from banks, the post office, the town hall, shops, restaurants, etc. Don't miss this opportunity and book your visit! At IAD, we share our activities with any consultant or real estate agency. We promote properties on more than 200 national and international real estate portals. If you are an industry professional and have a qualified buyer, contact me and schedule your visit. I inform you that I am 100% available, by telephone or email, to provide you with any additional information on this property and schedule a more detailed visit. #ref: 98617
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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 €230,000 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 |
|---|---|---|---|
| €230,000 | £190,511 | £197,674 | £7,162 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £190,511 |
| Maximum cost in the last six months | £197,674 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,162 |
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 €230,000 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 |
|---|---|---|---|
| €230,000 | £190,511 | £197,674 | £7,162 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £190,511 |
| Maximum cost in the last six months | £197,674 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,162 |
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 £7,162 more.
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