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Old house w/ Approved Project
Loulé, Faro, Portugal, 8100-606
REF: 808219
€159,000
Description
The central location in the historic heart of Loulé offers a unique experience and the project layout maximizes the available area and also promotes a comfortable lifestyle. The proximity to the ancient walls of the Castle allows you to live side by side with the medieval history of the region, whilst within walking distance is the vibrant municipal market, restaurants offering a sample of Algarve gastronomy, known for its diversity and use of fresh ingredients. . Furthermore, being surrounded by all types of services guarantees convenience and accessibility, making everyday life both practical and charming.
The project for this property includes a ground floor and a first floor with modern and functional features. On the ground floor, the integration of a large living room and an open-plan kitchen together with an en-suite bedroom offers comfort and privacy. The addition of a small backyard provides an outdoor space for relaxation and entertaining. On the first floor are two additional bedrooms, both en-suite and the terrace is a lovely bonus, offering a place to enjoy the mild weather.
The project is in the approval phase, its location and the surrounding environment are determining factors that influence the quality of life of future residents. This is an excellent opportunity both for living and for investors interested in obtaining income through rentals in this way, responding to different market needs.
The central location in the historic heart of Loulé offers a unique experience and the project layout maximizes the available area and also promotes a comfortable lifestyle. The proximity to the ancient walls of the Castle allows you to live side by side with the medieval history of the region, whilst within walking distance is the vibrant municipal market, restaurants offering a sample of Algarve gastronomy, known for its diversity and use of fresh ingredients. . Furthermore, being surrounded by all types of services guarantees convenience and accessibility, making everyday life both practical and charming.
The project for this property includes a ground floor and a first floor with modern and functional features. On the ground floor, the integration of a large living room and an open-plan kitchen together with an en-suite bedroom offers comfort and privacy. The addition of a small backyard provides an outdoor space for relaxation and entertaining. On the first floor are two additional bedrooms, both en-suite and the terrace is a lovely bonus, offering a place to enjoy the mild weather.
The project is in the approval phase, its location and the surrounding environment are determining factors that influence the quality of life of future residents. This is an excellent opportunity both for living and for investors interested in obtaining income through rentals in this way, responding to different market needs.
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Currency Exchange
Loulé, Faro, Portugal, 8100-606
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 €159,000 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 |
|---|---|---|---|
| €159,000 | £132,269 | £136,839 | £4,570 |
| Property Price € | €159,000 |
| Minimum cost in the last six months | £132,269 |
| Maximum cost in the last six months | £136,839 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,570 |
Loulé, Faro, Portugal, 8100-606
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 €159,000 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 |
|---|---|---|---|
| €159,000 | £132,269 | £136,839 | £4,570 |
| Property Price € | €159,000 |
| Minimum cost in the last six months | £132,269 |
| Maximum cost in the last six months | £136,839 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,570 |
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 £4,570 more.
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