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Studio flat transformed into a one-bedroom flat, completely renovated, in the Albufeira Jardim development, geared towards annual rentals and summer rentals, and very close to the historic area, the beach and the marina
Albufeira, Faro, Portugal
REF: 859888
€218,000
Description
Studio flat transformed into a one-bedroom flat, completely renovated, in the Albufeira Jardim development, geared towards annual rentals and summer rentals, and very close to the historic area, the beach and the marina. This flat is situated on the ground floor, has a modern and airy atmosphere, where everything you need is at your disposal in the bedroom, lounge, kitchenette, bathroom, and a magnificent terrace to enjoy and relax on. It has been fitted with the following equipment: - air conditioning - TV in the bedroom - TV in the lounge - washing machine - fridge - hob with oven - microwave - heat pump/cold pump heating The condominium offers green areas, a swimming pool, tennis court, bar and sea views. To live in or to monetise at a high cost/benefit ratio, you have this flat in a very well-located development with a wide view of the city and the coast. At IAD, we can share business with any real estate agent. We have a concept of virtual showcasing of our properties on more than 200 real estate portals, both nationally and predominantly internationally. I look forward to hearing from you with any questions or to arrange a visit in person or virtually. #ref: 123411
Studio flat transformed into a one-bedroom flat, completely renovated, in the Albufeira Jardim development, geared towards annual rentals and summer rentals, and very close to the historic area, the beach and the marina. This flat is situated on the ground floor, has a modern and airy atmosphere, where everything you need is at your disposal in the bedroom, lounge, kitchenette, bathroom, and a magnificent terrace to enjoy and relax on. It has been fitted with the following equipment: - air conditioning - TV in the bedroom - TV in the lounge - washing machine - fridge - hob with oven - microwave - heat pump/cold pump heating The condominium offers green areas, a swimming pool, tennis court, bar and sea views. To live in or to monetise at a high cost/benefit ratio, you have this flat in a very well-located development with a wide view of the city and the coast. At IAD, we can share business with any real estate agent. We have a concept of virtual showcasing of our properties on more than 200 real estate portals, both nationally and predominantly internationally. I look forward to hearing from you with any questions or to arrange a visit in person or virtually. #ref: 123411
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Currency Exchange
Albufeira, 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 €218,000 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 |
|---|---|---|---|
| €218,000 | £180,572 | £187,360 | £6,789 |
| Property Price € | €218,000 |
| Minimum cost in the last six months | £180,572 |
| Maximum cost in the last six months | £187,360 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,789 |
Albufeira, 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 €218,000 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 |
|---|---|---|---|
| €218,000 | £180,572 | £187,360 | £6,789 |
| Property Price € | €218,000 |
| Minimum cost in the last six months | £180,572 |
| Maximum cost in the last six months | £187,360 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,789 |
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 £6,789 more.
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