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Ferragudo Residential Property - Living or Turistic Rental - Marina of Portimão
Lagoa, Faro, Portugal, 8400-205
REF: 802902
€550,000
Description
Property with excellent location at the top of Vila de Ferragudo, recently renovated for housing.Independent building consisting of basement, ground floor and 1st floor, with the possibility of creating 4 bedrooms, living room and kitchen, according to an architect's opinion.Unique opportunity to acquire a now residential property, making the necessary changes to live in or to your Local Accommodation, given that it is an independent house, you can be licensed with this activity.Situated in one of the most beautiful villages in the Algarve with a stunning view of the Arade River, Ferragudo and Portimão, Ferragudo is a quieter place in the Algarve, for those who want to rest away from the more touristy cities. A more peaceful, welcoming environment, close to local fishermen, characterizes this village, with the beaches of Angrinha, Praia Grande, Praia do Molhe, Pintadinho and Caneiros nearby.Distance from the center of Ferragudo 1 minute walk.Distance from the nearest beach is 4 minutes on foot and the remaining 3 minutes by carDistance from the city of Portimão about 5 minutes by car.Distance to Faro airport, approximately 50 minutes by car.Book your visit
Property with excellent location at the top of Vila de Ferragudo, recently renovated for housing.Independent building consisting of basement, ground floor and 1st floor, with the possibility of creating 4 bedrooms, living room and kitchen, according to an architect's opinion.Unique opportunity to acquire a now residential property, making the necessary changes to live in or to your Local Accommodation, given that it is an independent house, you can be licensed with this activity.Situated in one of the most beautiful villages in the Algarve with a stunning view of the Arade River, Ferragudo and Portimão, Ferragudo is a quieter place in the Algarve, for those who want to rest away from the more touristy cities. A more peaceful, welcoming environment, close to local fishermen, characterizes this village, with the beaches of Angrinha, Praia Grande, Praia do Molhe, Pintadinho and Caneiros nearby.Distance from the center of Ferragudo 1 minute walk.Distance from the nearest beach is 4 minutes on foot and the remaining 3 minutes by carDistance from the city of Portimão about 5 minutes by car.Distance to Faro airport, approximately 50 minutes by car.Book your visit
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Currency Exchange
Lagoa, Faro, Portugal, 8400-205
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £457,534 | £473,341 | £15,807 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £457,534 |
| Maximum cost in the last six months | £473,341 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,807 |
Lagoa, Faro, Portugal, 8400-205
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £457,534 | £473,341 | £15,807 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £457,534 |
| Maximum cost in the last six months | £473,341 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,807 |
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 £15,807 more.
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