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Investment opportunity! 2 bedroom apartment, located in the heart of downtown Olhão, a few steps from all services, the best restaurants and just 300m from the boarding pier for the paradisiacal islands, Armona, Culatra and Farol and 400m from the iconic markets of Olhão
Olhão, Faro, Portugal
REF: 895812
€255,000
Description
Investment opportunity! 2 bedroom apartment, located in the heart of downtown Olhão, a few steps from all services, the best restaurants and just 300m from the boarding pier for the paradisiacal islands, Armona, Culatra and Farol and 400m from the iconic markets of Olhão. This great apartment is located in a gated community and benefits from a swimming pool and parking space in the basement. With well-distributed areas, this property is distributed in an entrance hall, fully equipped kitchen, large living room, 1 bathroom with bathtub and two bedrooms with large wardrobes, one of which has a private bathroom with shower tray. This is certainly the investment you are looking for. Don't miss this opportunity, whether for permanent housing or to enjoy your holidays! Contact us! Extras: Double glasses; Video intercom; Armored door; Equipped kitchen; Pre-installation of air conditioning; Parking space; Pool;
Investment opportunity! 2 bedroom apartment, located in the heart of downtown Olhão, a few steps from all services, the best restaurants and just 300m from the boarding pier for the paradisiacal islands, Armona, Culatra and Farol and 400m from the iconic markets of Olhão. This great apartment is located in a gated community and benefits from a swimming pool and parking space in the basement. With well-distributed areas, this property is distributed in an entrance hall, fully equipped kitchen, large living room, 1 bathroom with bathtub and two bedrooms with large wardrobes, one of which has a private bathroom with shower tray. This is certainly the investment you are looking for. Don't miss this opportunity, whether for permanent housing or to enjoy your holidays! Contact us! Extras: Double glasses; Video intercom; Armored door; Equipped kitchen; Pre-installation of air conditioning; Parking space; Pool;
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Currency Exchange
Olhão, 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 €255,000 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 |
|---|---|---|---|
| €255,000 | £211,219 | £219,160 | £7,941 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £211,219 |
| Maximum cost in the last six months | £219,160 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,941 |
Olhão, 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 €255,000 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 |
|---|---|---|---|
| €255,000 | £211,219 | £219,160 | £7,941 |
| Property Price € | €255,000 |
| Minimum cost in the last six months | £211,219 |
| Maximum cost in the last six months | £219,160 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,941 |
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 £7,941 more.
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