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T6 House Located in a central area of the Algarve, just 5 minutes from the best beaches in Albufeira, this 2-storey villa is an excellent investment opportunity for private or secondary housing in a sunny region all year round
Albufeira, Faro, Portugal
REF: 804249
€595,000
Description
T6 House Located in a central area of the Algarve, just 5 minutes from the best beaches in Albufeira, this 2-storey villa is an excellent investment opportunity for private or secondary housing in a sunny region all year round. The villa features traditional Algarve architecture, with a gross construction area of 425 m2, with land measuring 4120 m2. The villa has 6 bedrooms, a living room with 30 m2, 4 bathrooms, several terraces, garage with capacity for 4 cars. Located in a quiet, safe area, with great access, just 5 minutes from the beaches of Albufeira, better known as Olhos de Água, and Praia da Falésia, 8 minutes from Albufeira and 10 minutes from Vilamoura. Location: Located in the center of the Algarve, in the southernmost region of Portugal, Albufeira is the county seat and belongs to the District of Faro, which is 39 km away. With an area of 14,800 ha and a population of around 40 thousand inhabitants, it is divided into five parishes: Albufeira, Ferreiras, Guia, Olhos d'Água and Paderne. The coast is made up of cliffs cut by beaches with a distinctly Mediterranean climate: hot, dry summers and mild winters, with reduced rainfall, especially between the months of October to March and with an average annual temperature of around 17.5ºC. One of the main tourist regions in the country, Albufeira almost needs no introduction. Tourism is the most important activity in the municipality of Albufeira. In the 1960s, a real economic expansion began in the Municipality. With the arrival of international tourism, Albufeira became part of the main tourist routes. Currently, Albufeira is, without a doubt, one of the main tourist centers in the country. Geographically, the region has a coastline of 30 km spread across 23 beaches with fine sand and crystal clear water. The area is nationally one of those with the highest concentration of blue flags (European symbol of beach quality). Parallel to tourism, other services were created. Restaurants and bars expanded a little throughout the municipality. The nightlife is one of the hottest in the entire Algarve. #ref: 114672
T6 House Located in a central area of the Algarve, just 5 minutes from the best beaches in Albufeira, this 2-storey villa is an excellent investment opportunity for private or secondary housing in a sunny region all year round. The villa features traditional Algarve architecture, with a gross construction area of 425 m2, with land measuring 4120 m2. The villa has 6 bedrooms, a living room with 30 m2, 4 bathrooms, several terraces, garage with capacity for 4 cars. Located in a quiet, safe area, with great access, just 5 minutes from the beaches of Albufeira, better known as Olhos de Água, and Praia da Falésia, 8 minutes from Albufeira and 10 minutes from Vilamoura. Location: Located in the center of the Algarve, in the southernmost region of Portugal, Albufeira is the county seat and belongs to the District of Faro, which is 39 km away. With an area of 14,800 ha and a population of around 40 thousand inhabitants, it is divided into five parishes: Albufeira, Ferreiras, Guia, Olhos d'Água and Paderne. The coast is made up of cliffs cut by beaches with a distinctly Mediterranean climate: hot, dry summers and mild winters, with reduced rainfall, especially between the months of October to March and with an average annual temperature of around 17.5ºC. One of the main tourist regions in the country, Albufeira almost needs no introduction. Tourism is the most important activity in the municipality of Albufeira. In the 1960s, a real economic expansion began in the Municipality. With the arrival of international tourism, Albufeira became part of the main tourist routes. Currently, Albufeira is, without a doubt, one of the main tourist centers in the country. Geographically, the region has a coastline of 30 km spread across 23 beaches with fine sand and crystal clear water. The area is nationally one of those with the highest concentration of blue flags (European symbol of beach quality). Parallel to tourism, other services were created. Restaurants and bars expanded a little throughout the municipality. The nightlife is one of the hottest in the entire Algarve. #ref: 114672
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Currency Exchange
Albufeira, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £492,844 | £511,373 | £18,528 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £492,844 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,528 |
Albufeira, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £492,844 | £511,373 | £18,528 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £492,844 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,528 |
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 £18,528 more.
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