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Be enchanted by this historic gem in the Algarve! Built in 1923, this detached home exudes charm and authenticity
Faro, Faro, Portugal
REF: 919741
€890,000
Description
Be enchanted by this historic gem in the Algarve! Built in 1923, this detached home exudes charm and authenticity. Situated on a 8,600 m² plot, the property offers breathtaking sea views at dawn. Details like thick walls, elegant arches, and Santa Catarina tiles preserve its original style. With 265 m² of gross area and 226 m² of usable area, the house includes four spacious bedrooms and one bathroom. The ceilings with wooden and bamboo beams and the original kitchen chimney create a warm touch. The architectural project in progress allows you to transform this space into a unique retreat blending past and present. The orchard, full of trees, offers the perfect setting for outdoor relaxation. Facing south, the property enjoys abundant natural light, ideal for creating your dream home. A rare opportunity to own an exclusive sanctuary in the Algarve. Don’t miss out! Contact your trusted consultant, Sylvia Quelhas, who speaks fluent Portuguese, French, and English. #ref: 130329
Be enchanted by this historic gem in the Algarve! Built in 1923, this detached home exudes charm and authenticity. Situated on a 8,600 m² plot, the property offers breathtaking sea views at dawn. Details like thick walls, elegant arches, and Santa Catarina tiles preserve its original style. With 265 m² of gross area and 226 m² of usable area, the house includes four spacious bedrooms and one bathroom. The ceilings with wooden and bamboo beams and the original kitchen chimney create a warm touch. The architectural project in progress allows you to transform this space into a unique retreat blending past and present. The orchard, full of trees, offers the perfect setting for outdoor relaxation. Facing south, the property enjoys abundant natural light, ideal for creating your dream home. A rare opportunity to own an exclusive sanctuary in the Algarve. Don’t miss out! Contact your trusted consultant, Sylvia Quelhas, who speaks fluent Portuguese, French, and English. #ref: 130329
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Currency Exchange
Faro, 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 €890,000 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 |
|---|---|---|---|
| €890,000 | £733,271 | £753,020 | £19,749 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £733,271 |
| Maximum cost in the last six months | £753,020 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,749 |
Faro, 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 €890,000 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 |
|---|---|---|---|
| €890,000 | £733,271 | £753,020 | £19,749 |
| Property Price € | €890,000 |
| Minimum cost in the last six months | £733,271 |
| Maximum cost in the last six months | £753,020 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,749 |
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 £19,749 more.
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