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Just a stone's throw from the major Algarve eco resorts of Sotavento, and beach resort, whose area is undergoing rapid expansion
Castro Marim, Faro, Portugal
REF: 885837
€128,000
Description
Just a stone's throw from the major Algarve eco resorts of Sotavento, and beach resort, whose area is undergoing rapid expansion... You can also take advantage of the magnificent and immense Praia Verde and Praia de Cabeço beaches and their restaurants. Come and discover this T2 village house. Ideal for a renovation project, with excellent potential for a holiday home or main residence in the heart of the village of Sao Bartolomeu/Castro Marim, this investment is equally suited to a year-round living project, a holiday home or a rental investment. Comprising 2 bedrooms, living room, kitchen and bathroom with a gross floor area of 43m2, you have access to a beautiful terrace of around 36m2. In its current condition, it can be renovated without demolition. Situated just opposite the beautiful and picturesque church of Sao Bartolomeu and set back from one of the village's main streets, this is a peaceful setting. Surrounded by houses and small buildings, you can also enjoy the friendly restaurant just 2 steps from the house. Come and take a look and turn this opportunity into a project.... ‘Make it yours! Contact me to talk about it. I'm here to help! I share with all my colleagues with a 50/50 AMI licence #ref: 127166
Just a stone's throw from the major Algarve eco resorts of Sotavento, and beach resort, whose area is undergoing rapid expansion... You can also take advantage of the magnificent and immense Praia Verde and Praia de Cabeço beaches and their restaurants. Come and discover this T2 village house. Ideal for a renovation project, with excellent potential for a holiday home or main residence in the heart of the village of Sao Bartolomeu/Castro Marim, this investment is equally suited to a year-round living project, a holiday home or a rental investment. Comprising 2 bedrooms, living room, kitchen and bathroom with a gross floor area of 43m2, you have access to a beautiful terrace of around 36m2. In its current condition, it can be renovated without demolition. Situated just opposite the beautiful and picturesque church of Sao Bartolomeu and set back from one of the village's main streets, this is a peaceful setting. Surrounded by houses and small buildings, you can also enjoy the friendly restaurant just 2 steps from the house. Come and take a look and turn this opportunity into a project.... ‘Make it yours! Contact me to talk about it. I'm here to help! I share with all my colleagues with a 50/50 AMI licence #ref: 127166
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Currency Exchange
Castro Marim, 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 €128,000 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 |
|---|---|---|---|
| €128,000 | £106,024 | £110,010 | £3,986 |
| Property Price € | €128,000 |
| Minimum cost in the last six months | £106,024 |
| Maximum cost in the last six months | £110,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,986 |
Castro Marim, 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 €128,000 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 |
|---|---|---|---|
| €128,000 | £106,024 | £110,010 | £3,986 |
| Property Price € | €128,000 |
| Minimum cost in the last six months | £106,024 |
| Maximum cost in the last six months | £110,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,986 |
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 £3,986 more.
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