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This is a villa that was completely remodelled in 2023 and now has a modern design, flowing lines, large areas and lots of natural light
Silves, Faro, Portugal
REF: 871230
€790,000
Description
This is a villa that was completely remodelled in 2023 and now has a modern design, flowing lines, large areas and lots of natural light. On the ground floor we find a generous living room in open space with the kitchen, plenty of storage space, a guest bathroom with shower tray and an en suite bedroom. On the first floor, there are three bedrooms, two of which are en suite, and two generous balconies. The house also has pre-installed air conditioning in every room, an alarm system, double glazing and new plumbing. The outside space is all fenced off, which gives you privacy. There is a wonderful swimming pool, a dining and leisure area and a parking area for several cars. This property is located in a quiet area of Algoz and just 2 km from the town centre, as well as a few minutes away from shops and various useful services for your day-to-day life. Come and see it, contact me today! We have support for the financing process, through a credit intermediary authorised by the Bank of Portugal, who will help you find the best solutions for you. At IAD we share the business with all consultants or real estate agencies with a valid AMI licence. If you are a professional in the sector and have a qualified buyer client, please contact me to arrange a visit. #ref: 125030
This is a villa that was completely remodelled in 2023 and now has a modern design, flowing lines, large areas and lots of natural light. On the ground floor we find a generous living room in open space with the kitchen, plenty of storage space, a guest bathroom with shower tray and an en suite bedroom. On the first floor, there are three bedrooms, two of which are en suite, and two generous balconies. The house also has pre-installed air conditioning in every room, an alarm system, double glazing and new plumbing. The outside space is all fenced off, which gives you privacy. There is a wonderful swimming pool, a dining and leisure area and a parking area for several cars. This property is located in a quiet area of Algoz and just 2 km from the town centre, as well as a few minutes away from shops and various useful services for your day-to-day life. Come and see it, contact me today! We have support for the financing process, through a credit intermediary authorised by the Bank of Portugal, who will help you find the best solutions for you. At IAD we share the business with all consultants or real estate agencies with a valid AMI licence. If you are a professional in the sector and have a qualified buyer client, please contact me to arrange a visit. #ref: 125030
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Currency Exchange
Silves, 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 €790,000 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 |
|---|---|---|---|
| €790,000 | £650,881 | £678,966 | £28,085 |
| Property Price € | €790,000 |
| Minimum cost in the last six months | £650,881 |
| Maximum cost in the last six months | £678,966 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,085 |
Silves, 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 €790,000 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 |
|---|---|---|---|
| €790,000 | £650,881 | £678,966 | £28,085 |
| Property Price € | €790,000 |
| Minimum cost in the last six months | £650,881 |
| Maximum cost in the last six months | £678,966 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £28,085 |
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 £28,085 more.
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