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The description presented is of an excellent housing opportunity in Olhão, located in one of the city's noblest areas
Olhão, Faro, Portugal
REF: 913520
€430,000
Description
The description presented is of an excellent housing opportunity in Olhão, located in one of the city's noblest areas. The property is characterised as a V2+1, which means it has two main bedrooms, both en suite, plus an additional space that can be used as an office, living room or third bedroom. Property details: State of Conservation: Practically new, with top quality finishes and materials. Solar Exposure: South: View over a large green area. North: View of the mountains. Interior spaces: Cosy living room with natural fireplace. Functional kitchen with direct access to a spacious terrace, ideal for al fresco dining. Parking: Two spaces in the garage. Location: Just 500 metres from the downtown area, where you'll find: Traditional markets (fish, vegetables and fruit). Local shops and services. The Marina, the city's centrepiece. This property combines comfort, quality of life and a strategic location, making it ideal for those looking for a quiet, well-positioned residence in Olhão. Perfect for families, couples or as an investment. #ref: 130784
The description presented is of an excellent housing opportunity in Olhão, located in one of the city's noblest areas. The property is characterised as a V2+1, which means it has two main bedrooms, both en suite, plus an additional space that can be used as an office, living room or third bedroom. Property details: State of Conservation: Practically new, with top quality finishes and materials. Solar Exposure: South: View over a large green area. North: View of the mountains. Interior spaces: Cosy living room with natural fireplace. Functional kitchen with direct access to a spacious terrace, ideal for al fresco dining. Parking: Two spaces in the garage. Location: Just 500 metres from the downtown area, where you'll find: Traditional markets (fish, vegetables and fruit). Local shops and services. The Marina, the city's centrepiece. This property combines comfort, quality of life and a strategic location, making it ideal for those looking for a quiet, well-positioned residence in Olhão. Perfect for families, couples or as an investment. #ref: 130784
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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 €430,000 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 |
|---|---|---|---|
| €430,000 | £354,277 | £369,564 | £15,287 |
| Property Price € | €430,000 |
| Minimum cost in the last six months | £354,277 |
| Maximum cost in the last six months | £369,564 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,287 |
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 €430,000 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 |
|---|---|---|---|
| €430,000 | £354,277 | £369,564 | £15,287 |
| Property Price € | €430,000 |
| Minimum cost in the last six months | £354,277 |
| Maximum cost in the last six months | £369,564 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,287 |
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 £15,287 more.
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