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2-Storey house with 2-bedrooms in Alcantarilha totalling 372 m2
Silves, Faro, Portugal, 8365-011
REF: 775732
€350,000
Description
"Anyone who knows or has traveled through the picturesque and cultural town of Alcantarilha will certainly be familiar with the "Moagem". The Moagem is a charismatic building in Alcantarilha, of approximately 372m2 with 2 floors for independent use. Both are used for services, but you can currently find: 1st Floor Space that has been used for catering, with: - Large area for tables and counters - Kitchen area - Storage room or office -Terrace 2nd floor - Large room with approximately 150 m2 distributed as follows: - 2 en-suite bedrooms - Kitchen - Large living room The building is located in a very central area of the Algarve and close to the main road accesses such as the EN 125 and the A2. Just way: - 4 Km from Armação de Pêra Beach - 3 Km from the Amendoeiras Golf Resort - 2 Km from the A22 motorway - 16 Km from Albufeira - 20 Km from Portimão Although the building was found for renovation, some improvement work has already been carried out. Take advantage of this opportunity and book your visit now!"
"Anyone who knows or has traveled through the picturesque and cultural town of Alcantarilha will certainly be familiar with the "Moagem". The Moagem is a charismatic building in Alcantarilha, of approximately 372m2 with 2 floors for independent use. Both are used for services, but you can currently find: 1st Floor Space that has been used for catering, with: - Large area for tables and counters - Kitchen area - Storage room or office -Terrace 2nd floor - Large room with approximately 150 m2 distributed as follows: - 2 en-suite bedrooms - Kitchen - Large living room The building is located in a very central area of the Algarve and close to the main road accesses such as the EN 125 and the A2. Just way: - 4 Km from Armação de Pêra Beach - 3 Km from the Amendoeiras Golf Resort - 2 Km from the A22 motorway - 16 Km from Albufeira - 20 Km from Portimão Although the building was found for renovation, some improvement work has already been carried out. Take advantage of this opportunity and book your visit now!"
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Currency Exchange
Silves, Faro, Portugal, 8365-011
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 €350,000 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 |
|---|---|---|---|
| €350,000 | £289,909 | £300,808 | £10,899 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £289,909 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,899 |
Silves, Faro, Portugal, 8365-011
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 €350,000 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 |
|---|---|---|---|
| €350,000 | £289,909 | £300,808 | £10,899 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £289,909 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,899 |
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 £10,899 more.
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