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Old House for Reconstruction
Loulé, Faro, Portugal, 8100-151
REF: 849146
€119,000
Description
The urban and central location of this ruin allows easy access to all necessary amenities, while the proximity to Salir's cultural places adds value to this property. Its reconstruction and extension will contribute to the preservation of the architectural identity of Salir village.
The house comprises a ground floor, first floor and a total of ten rooms and a patio. The access it's via two different streets and has three separate entrances, which offers a wide range of possibilities for potential investors. It will also be very attractive for those looking to create a family home in a urban area but with rural charm.
The property still maintains the Algarvian style features in its facades with stone window frames, inside some of the floor pavement can be restored and by integrating functionality with modern finishes, this will undoubtedly be a unique property.
The urban and central location of this ruin allows easy access to all necessary amenities, while the proximity to Salir's cultural places adds value to this property. Its reconstruction and extension will contribute to the preservation of the architectural identity of Salir village.
The house comprises a ground floor, first floor and a total of ten rooms and a patio. The access it's via two different streets and has three separate entrances, which offers a wide range of possibilities for potential investors. It will also be very attractive for those looking to create a family home in a urban area but with rural charm.
The property still maintains the Algarvian style features in its facades with stone window frames, inside some of the floor pavement can be restored and by integrating functionality with modern finishes, this will undoubtedly be a unique property.
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Currency Exchange
Loulé, Faro, Portugal, 8100-151
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 €119,000 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 |
|---|---|---|---|
| €119,000 | £98,994 | £102,414 | £3,420 |
| Property Price € | €119,000 |
| Minimum cost in the last six months | £98,994 |
| Maximum cost in the last six months | £102,414 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,420 |
Loulé, Faro, Portugal, 8100-151
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 €119,000 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 |
|---|---|---|---|
| €119,000 | £98,994 | £102,414 | £3,420 |
| Property Price € | €119,000 |
| Minimum cost in the last six months | £98,994 |
| Maximum cost in the last six months | £102,414 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,420 |
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 £3,420 more.
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