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Old house, renovated, located in the central area, about 10 minutes walk from the typical markets of Olhão, with all the necessary goods and services close by, and about 15 minutes from Faro international airport
Quelfes, Faro, Portugal
REF: 895758
€250,000
Description
Old house, renovated, located in the central area, about 10 minutes walk from the typical markets of Olhão, with all the necessary goods and services close by, and about 15 minutes from Faro international airport. This house, originally T1, was transformed into a T2 house and is distributed as follows: Large room divided into two distinct areas, Living Room and Dining Room, Circulation Hall that gives access to 1 WC with window, 2 Bedrooms, and a large Kitchen with direct access to a spacious patio with BBQ, 1 storage room and you can still enjoy a large sunny terrace where you can create a great leisure area overlooking the cubist city. The villa is located in the ARU zone (Urban Rehabilitation Area), and may eventually be built on the 1st floor, upon request for information at the City Council and consequent project. Do not miss this opportunity and schedule your visit now!
Old house, renovated, located in the central area, about 10 minutes walk from the typical markets of Olhão, with all the necessary goods and services close by, and about 15 minutes from Faro international airport. This house, originally T1, was transformed into a T2 house and is distributed as follows: Large room divided into two distinct areas, Living Room and Dining Room, Circulation Hall that gives access to 1 WC with window, 2 Bedrooms, and a large Kitchen with direct access to a spacious patio with BBQ, 1 storage room and you can still enjoy a large sunny terrace where you can create a great leisure area overlooking the cubist city. The villa is located in the ARU zone (Urban Rehabilitation Area), and may eventually be built on the 1st floor, upon request for information at the City Council and consequent project. Do not miss this opportunity and schedule your visit now!
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Currency Exchange
Quelfes, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
Quelfes, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,863 | £7,785 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,785 |
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 £7,785 more.
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