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This is a unique opportunity to own one of the last few villas in the world-famous Praia da Rocha
Portimão, Faro, Portugal
REF: 726525
€695,000
Description
This is a unique opportunity to own one of the last few villas in the world-famous Praia da Rocha. The house is a stone’s throw from the Portimao Marina, world class beaches and infinite amenities; yet it is tucked away in a quiet residential pocket of Praia da Rocha, making this property perfect as a permanent residence or for short-term rental. The ground floor consists of a large living room with high ceilings, fireplace, full kitchen, and a spacious patio ideal for outdoor dining. The upper floor consists of 3 bedrooms and bathroom all with great light exposure and layout. On the lower level you will find an additional 2-bedrooms and bathroom. This level can be closed off and used as a separate rental to maximize revenue. Both units are spacious, have great lighting and private patio. In the yard you will find a generous laundry room, tool shed and a storage unit. In addition, the yard also offers a wide range of fruit trees, property encompassing mature plants, parking space for up to 3 cars and plenty of room for a pool, jacuzzi, or playground. This property offers the best of both worlds in a unique and desired location. Don’t miss this opportunity and schedule a visit today! #ref: 102153
This is a unique opportunity to own one of the last few villas in the world-famous Praia da Rocha. The house is a stone’s throw from the Portimao Marina, world class beaches and infinite amenities; yet it is tucked away in a quiet residential pocket of Praia da Rocha, making this property perfect as a permanent residence or for short-term rental. The ground floor consists of a large living room with high ceilings, fireplace, full kitchen, and a spacious patio ideal for outdoor dining. The upper floor consists of 3 bedrooms and bathroom all with great light exposure and layout. On the lower level you will find an additional 2-bedrooms and bathroom. This level can be closed off and used as a separate rental to maximize revenue. Both units are spacious, have great lighting and private patio. In the yard you will find a generous laundry room, tool shed and a storage unit. In addition, the yard also offers a wide range of fruit trees, property encompassing mature plants, parking space for up to 3 cars and plenty of room for a pool, jacuzzi, or playground. This property offers the best of both worlds in a unique and desired location. Don’t miss this opportunity and schedule a visit today! #ref: 102153
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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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
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 €695,000 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 |
|---|---|---|---|
| €695,000 | £575,675 | £597,318 | £21,642 |
| Property Price € | €695,000 |
| Minimum cost in the last six months | £575,675 |
| Maximum cost in the last six months | £597,318 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,642 |
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 £21,642 more.
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