Building with 2 floors for independent use and loft in the centre of Alcantarilha - Algarve

Silves, Faro, Portugal, 8365-012

For Sale

€195,000

REF: 855407 €195,000


Description

This property is located in the heart of the typical Algarve town of Alcantarilha, which has a great historical heritage. Consisting of two floors with independent use, the ground floor is used for commerce and the first floor for housing, it is a property full of potential for the most diverse investments.

This is also a property that partly tells and belongs to the town's history and its location and nature places it in the Urban Rehabilitation Area (ARU), defined by Silves Town Council, thus allowing its requalification to be subject to a series of tax and legal benefits. Total area = 129.60 m2 Just a: - 1.5 Km from the A22 motorway - 17 Km from Albufeira - 21 Km from Portimão - 47 Km from Faro Airport Book your appointment now!
This property is located in the heart of the typical Algarve town of Alcantarilha, which has a great historical heritage. Consisting of two floors with independent use, the ground floor is used for commerce and the first floor for housing, it is a property full of potential for the most diverse investments.

This is also a property that partly tells and belongs to the town's history and its location and nature places it in the Urban Rehabilitation Area (ARU), defined by Silves Town Council, thus allowing its requalification to be subject to a series of tax and legal benefits. Total area = 129.60 m2 Just a: - 1.5 Km from the A22 motorway - 17 Km from Albufeira - 21 Km from Portimão - 47 Km from Faro Airport Book your appointment now!
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Property on Map

#KWPT-000821

Currency Exchange

Silves, Faro, Portugal, 8365-012

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 €195,000 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
€195,000 £161,520 £167,593 £6,072
Property Price € €195,000
Minimum cost in the last six months £161,520
Maximum cost in the last six months £167,593
Fluctuating exchange rates over the last six months could have increased the cost of this property by £6,072

Silves, Faro, Portugal, 8365-012

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 €195,000 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
€195,000 £161,520 £167,593 £6,072
Property Price € €195,000
Minimum cost in the last six months £161,520
Maximum cost in the last six months £167,593
Fluctuating exchange rates over the last six months could have increased the cost of this property by £6,072

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 £6,072 more.

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