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Magnificent home in the heart of downtown Olhão, Portugal
Olhão, Faro, Portugal
REF: 832092
€290,000
Description
Magnificent home in the heart of downtown Olhão, Portugal. Completely renovated in 2020, this residence offers a generous 79m² of living space. Its contemporary architecture and modern decor make it a unique and very pleasant place to live. The house features 2 bedrooms and 2 bathrooms, providing a comfortable living space for its inhabitants. It is also equipped with an alarm system to guarantee the safety of its occupants. Ideally located, this property is perfect for a year-round main residence, offering an exceptional living environment in the heart of the city. It also offers excellent rental potential, ensuring an attractive return on investment. Abundant light and a warm atmosphere characterize this home. The kitchen is fully equipped, and there are two outdoor terraces for relaxing in the fresh air. The materials used are of the highest quality, guaranteeing durability and aesthetic appeal. This property represents a rare opportunity on the Olhão real estate market. Please do not hesitate to contact us for further information or to arrange a viewing. #ref: 118994
Magnificent home in the heart of downtown Olhão, Portugal. Completely renovated in 2020, this residence offers a generous 79m² of living space. Its contemporary architecture and modern decor make it a unique and very pleasant place to live. The house features 2 bedrooms and 2 bathrooms, providing a comfortable living space for its inhabitants. It is also equipped with an alarm system to guarantee the safety of its occupants. Ideally located, this property is perfect for a year-round main residence, offering an exceptional living environment in the heart of the city. It also offers excellent rental potential, ensuring an attractive return on investment. Abundant light and a warm atmosphere characterize this home. The kitchen is fully equipped, and there are two outdoor terraces for relaxing in the fresh air. The materials used are of the highest quality, guaranteeing durability and aesthetic appeal. This property represents a rare opportunity on the Olhão real estate market. Please do not hesitate to contact us for further information or to arrange a viewing. #ref: 118994
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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 €290,000 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 |
|---|---|---|---|
| €290,000 | £243,403 | £250,142 | £6,740 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £243,403 |
| Maximum cost in the last six months | £250,142 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,740 |
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 €290,000 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 |
|---|---|---|---|
| €290,000 | £243,403 | £250,142 | £6,740 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £243,403 |
| Maximum cost in the last six months | £250,142 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,740 |
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 £6,740 more.
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