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Located in downtown Olhão, this property presents itself as a unique business opportunity
Olhão, Faro, Portugal
REF: 896408
€360,000
Description
Located in downtown Olhão, this property presents itself as a unique business opportunity. Characterized by its generous areas and its privileged location, close to the Municipal Market and the boarding pier, with easy access to all services, shops, restaurants and leisure areas in the city. The house consists of two floors and on the ground floor it has a living and dining room, an equipped kitchen, a bathroom, a garage and a backyard. On the first floor, we find four bedrooms, all with access to a balcony and with generous areas, offering ample space to accommodate the family or guests in comfort. An additional bathroom on this floor guarantees convenience for the occupants. Going up to the terrace we have an extra room that can be used according to the owner's needs, whether as storage space, leisure area or even a private office or bedroom. The house is in very good condition and has double glazing. It has three independent entrances, providing practicality and flexibility for its occupants. This characteristic makes this property ideal for those looking for multiple use options or even investment. This villa is an excellent business opportunity, whether as a permanent residence, holiday home or rental investment. With a convenient location, generous spaces and a terrace with added potential, this property offers the relaxed Algarve lifestyle, with all urban conveniences at your fingertips. Don't miss this unique opportunity and schedule a visit today!
Located in downtown Olhão, this property presents itself as a unique business opportunity. Characterized by its generous areas and its privileged location, close to the Municipal Market and the boarding pier, with easy access to all services, shops, restaurants and leisure areas in the city. The house consists of two floors and on the ground floor it has a living and dining room, an equipped kitchen, a bathroom, a garage and a backyard. On the first floor, we find four bedrooms, all with access to a balcony and with generous areas, offering ample space to accommodate the family or guests in comfort. An additional bathroom on this floor guarantees convenience for the occupants. Going up to the terrace we have an extra room that can be used according to the owner's needs, whether as storage space, leisure area or even a private office or bedroom. The house is in very good condition and has double glazing. It has three independent entrances, providing practicality and flexibility for its occupants. This characteristic makes this property ideal for those looking for multiple use options or even investment. This villa is an excellent business opportunity, whether as a permanent residence, holiday home or rental investment. With a convenient location, generous spaces and a terrace with added potential, this property offers the relaxed Algarve lifestyle, with all urban conveniences at your fingertips. Don't miss this unique opportunity and schedule a visit today!
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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 €360,000 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 |
|---|---|---|---|
| €360,000 | £298,192 | £309,402 | £11,210 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £298,192 |
| Maximum cost in the last six months | £309,402 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,210 |
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 €360,000 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 |
|---|---|---|---|
| €360,000 | £298,192 | £309,402 | £11,210 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £298,192 |
| Maximum cost in the last six months | £309,402 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,210 |
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 £11,210 more.
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