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Located in the picturesque historic downtown area of Olhão, you'll find this two-bedroom house
Olhão, Faro, Portugal
REF: 815774
€180,000
Description
Located in the picturesque historic downtown area of Olhão, you'll find this two-bedroom house. Built in 1970, this property boasts a unique charm with its original vaulted ceilings, preserving the authenticity and cubist character for which Olhão is so well-known. With a total area of 50 square meters, this house offers extraordinary potential to be completely rebuilt and transformed into a modern and comfortable space. Ideal for those seeking a rehabilitation project, this property promises to become a true personalized home. Standing out for its convenient location, it's just a 2-minute walk from the local markets, where you can enjoy the authenticity and freshness of regional products. Right next to it, you can easily enjoy the dining area, which is well-known for its excellence. It's also less than a 10-minute walk from where you can catch the ferry to the islands of Armona, Culatra, and Farol. Additionally, this house benefits from a terrace on the first floor, which can be converted into additional living space, providing a charming view of the surroundings. Don't miss the opportunity to turn this house into a real gem, combining the charm of the past with the comfort and modernity of the present. Contact me for more information and to schedule a visit! Established in France in 2008 and in Portugal in 2015, iad was born from an innovative model that expands the traditional concept of a real estate agency, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed deals. iad is a dynamic digital real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring you personalized assistance at every stage of the process and a quality service at the best price. #ref: 116659
Located in the picturesque historic downtown area of Olhão, you'll find this two-bedroom house. Built in 1970, this property boasts a unique charm with its original vaulted ceilings, preserving the authenticity and cubist character for which Olhão is so well-known. With a total area of 50 square meters, this house offers extraordinary potential to be completely rebuilt and transformed into a modern and comfortable space. Ideal for those seeking a rehabilitation project, this property promises to become a true personalized home. Standing out for its convenient location, it's just a 2-minute walk from the local markets, where you can enjoy the authenticity and freshness of regional products. Right next to it, you can easily enjoy the dining area, which is well-known for its excellence. It's also less than a 10-minute walk from where you can catch the ferry to the islands of Armona, Culatra, and Farol. Additionally, this house benefits from a terrace on the first floor, which can be converted into additional living space, providing a charming view of the surroundings. Don't miss the opportunity to turn this house into a real gem, combining the charm of the past with the comfort and modernity of the present. Contact me for more information and to schedule a visit! Established in France in 2008 and in Portugal in 2015, iad was born from an innovative model that expands the traditional concept of a real estate agency, promoting a close relationship between the consultant and the client. The success of the iad group is reflected in thousands of consultants, online properties, and completed deals. iad is a dynamic digital real estate agency based on professionalism and transparency. As an independent real estate consultant, I have the autonomy to manage my schedule, ensuring you personalized assistance at every stage of the process and a quality service at the best price. #ref: 116659
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Currency Exchange
Olhão, 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 €180,000 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 |
|---|---|---|---|
| €180,000 | £149,096 | £154,701 | £5,605 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £149,096 |
| Maximum cost in the last six months | £154,701 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,605 |
Olhão, 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 €180,000 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 |
|---|---|---|---|
| €180,000 | £149,096 | £154,701 | £5,605 |
| Property Price € | €180,000 |
| Minimum cost in the last six months | £149,096 |
| Maximum cost in the last six months | £154,701 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,605 |
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 £5,605 more.
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