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Iconic Seafront Property in the Old Town of Albufeira
Albufeira, Faro, Portugal, 8200-045
REF: 910719
€2,800,000
Description
Iconic seafront property in Albufeira's Old Town with a traditional fa̤ade and stunning sea views. Features three ensuite bedrooms, a spacious open-plan lounge, a converted attic for versatile use, and a rooftop terrace with a small pool and breathtaking views. Includes a ground-floor commercial space with private entrance and direct access to the beach front street. Fully rebuilt seafront property in Albufeira۪s Old Town with a beautifully restored traditional fa̤ade and spectacular sea views. This landmark home features three ensuite bedrooms, a spacious open-plan lounge with breathtaking vistas, and a converted attic for use as a bedroom, office, or multipurpose room. The rooftop terrace offers a plunge pool and stunning panoramic views. On the ground floor, there is a separate commercial space with its own entrance and direct beach access. A perfect blend of modern luxury and historic charm in a prime location. Close to all type of amenities and just a few steps from the Peneco Lift to the Beach. Albufeira was originally a Moorish fishing village dating back to the 8th Century and it's importance as a City of the past, present and future is largely dependent upon it's central Algarve location. Situated just 35 minutes from Faro International Airport and situated upon direct train and motorway links to Lisbon, it's a perfect choice for a second home or more permanent living.
Nowadays, Albufeira is one of Europe's top destinations for sun-seeking tourists and the wider Municipality is rapidly becoming one of the Algarve's most attractive property hotspots. With amazing beaches, a superb range of restaurants, cafés, shops and bars and every possible service close at hand, it's not hard to see why Albufeira is such a popular choice.
Iconic seafront property in Albufeira's Old Town with a traditional fa̤ade and stunning sea views. Features three ensuite bedrooms, a spacious open-plan lounge, a converted attic for versatile use, and a rooftop terrace with a small pool and breathtaking views. Includes a ground-floor commercial space with private entrance and direct access to the beach front street. Fully rebuilt seafront property in Albufeira۪s Old Town with a beautifully restored traditional fa̤ade and spectacular sea views. This landmark home features three ensuite bedrooms, a spacious open-plan lounge with breathtaking vistas, and a converted attic for use as a bedroom, office, or multipurpose room. The rooftop terrace offers a plunge pool and stunning panoramic views. On the ground floor, there is a separate commercial space with its own entrance and direct beach access. A perfect blend of modern luxury and historic charm in a prime location. Close to all type of amenities and just a few steps from the Peneco Lift to the Beach. Albufeira was originally a Moorish fishing village dating back to the 8th Century and it's importance as a City of the past, present and future is largely dependent upon it's central Algarve location. Situated just 35 minutes from Faro International Airport and situated upon direct train and motorway links to Lisbon, it's a perfect choice for a second home or more permanent living.
Nowadays, Albufeira is one of Europe's top destinations for sun-seeking tourists and the wider Municipality is rapidly becoming one of the Algarve's most attractive property hotspots. With amazing beaches, a superb range of restaurants, cafés, shops and bars and every possible service close at hand, it's not hard to see why Albufeira is such a popular choice.
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Currency Exchange
Albufeira, Faro, Portugal, 8200-045
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 €2,800,000 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 |
|---|---|---|---|
| €2,800,000 | £2,319,268 | £2,406,460 | £87,192 |
| Property Price € | €2,800,000 |
| Minimum cost in the last six months | £2,319,268 |
| Maximum cost in the last six months | £2,406,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £87,192 |
Albufeira, Faro, Portugal, 8200-045
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 €2,800,000 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 |
|---|---|---|---|
| €2,800,000 | £2,319,268 | £2,406,460 | £87,192 |
| Property Price € | €2,800,000 |
| Minimum cost in the last six months | £2,319,268 |
| Maximum cost in the last six months | £2,406,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £87,192 |
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 £87,192 more.
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