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REAL ESTATE INVESTMENT and/or HOUSING For investment or housing, a 2-bedroom flat on the 1st floor, located in the centre of Vila Nova de Cacela, comprising a large living-dining room, two bedrooms, a kitchen, a bathroom, a garage for two cars, in an excellent location, calm and quiet
Vila Real de Santo António, Faro, Portugal
REF: 926614
€235,000
Description
REAL ESTATE INVESTMENT and/or HOUSING For investment or housing, a 2-bedroom flat on the 1st floor, located in the centre of Vila Nova de Cacela, comprising a large living-dining room, two bedrooms, a kitchen, a bathroom, a garage for two cars, in an excellent location, calm and quiet. It also has solar panels. Ideal for investment with an excellent annual return, 5 minutes from picturesque Cacela Velha, known for its scenic beauty. Vila Nova de Cacela is a Portuguese town, the seat of the parish of Vila Nova de Cacela in the municipality of Vila Real de Santo António, a parish with an area of 44.46 km² and 3873 inhabitants, with a population density of 87.1 inhabitants/km², making it a Low Density Area. Five minutes away is Cacela Velha, a village located on a sandy ridge facing the Ria Formosa and the sea, in the parish of Vila Nova de Cacela, in the municipality of Vila Real de Santo António,[1] from whose fortress you can see one of the most beautiful panoramic views in the eastern Algarve. The village of Cacela Velha has been classified as a Property of Public Interest since 1996. For many, the most beautiful part of the Ria Formosa has admirably retained its charm and peacefulness. From the beautiful walled town of Cacela-a-Velha, built on a million-year-old fossil cliff, you can see the Ria Formosa and the barrier island where the seaside beach is located. On the quayside of Fábrica there is a restaurant popular for its razor clams and oysters. The town of Cacela Velha is part of the eastern route of the Portuguese Way of St James. Choose IAD for Your Real Estate Journey By choosing an IAD consultant, you will benefit from the support of the largest network of independent property consultants in Portugal. IAD is a network of estate agents based on an innovative model that values the close relationship between the estate agent and the client. The success of the IAD group is evident in the thousands of consultants, online adverts and successful transactions. Don't miss out on this unique opportunity! Book your visit now and make this flat your future property investment in the Algarve. Contact us today for more information and to explore this exceptional offer. #ref: 133990
REAL ESTATE INVESTMENT and/or HOUSING For investment or housing, a 2-bedroom flat on the 1st floor, located in the centre of Vila Nova de Cacela, comprising a large living-dining room, two bedrooms, a kitchen, a bathroom, a garage for two cars, in an excellent location, calm and quiet. It also has solar panels. Ideal for investment with an excellent annual return, 5 minutes from picturesque Cacela Velha, known for its scenic beauty. Vila Nova de Cacela is a Portuguese town, the seat of the parish of Vila Nova de Cacela in the municipality of Vila Real de Santo António, a parish with an area of 44.46 km² and 3873 inhabitants, with a population density of 87.1 inhabitants/km², making it a Low Density Area. Five minutes away is Cacela Velha, a village located on a sandy ridge facing the Ria Formosa and the sea, in the parish of Vila Nova de Cacela, in the municipality of Vila Real de Santo António,[1] from whose fortress you can see one of the most beautiful panoramic views in the eastern Algarve. The village of Cacela Velha has been classified as a Property of Public Interest since 1996. For many, the most beautiful part of the Ria Formosa has admirably retained its charm and peacefulness. From the beautiful walled town of Cacela-a-Velha, built on a million-year-old fossil cliff, you can see the Ria Formosa and the barrier island where the seaside beach is located. On the quayside of Fábrica there is a restaurant popular for its razor clams and oysters. The town of Cacela Velha is part of the eastern route of the Portuguese Way of St James. Choose IAD for Your Real Estate Journey By choosing an IAD consultant, you will benefit from the support of the largest network of independent property consultants in Portugal. IAD is a network of estate agents based on an innovative model that values the close relationship between the estate agent and the client. The success of the IAD group is evident in the thousands of consultants, online adverts and successful transactions. Don't miss out on this unique opportunity! Book your visit now and make this flat your future property investment in the Algarve. Contact us today for more information and to explore this exceptional offer. #ref: 133990
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Currency Exchange
Vila Real de Santo António, 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 €235,000 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 |
|---|---|---|---|
| €235,000 | £193,617 | £201,971 | £8,354 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £193,617 |
| Maximum cost in the last six months | £201,971 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,354 |
Vila Real de Santo António, 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 €235,000 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 |
|---|---|---|---|
| €235,000 | £193,617 | £201,971 | £8,354 |
| Property Price € | €235,000 |
| Minimum cost in the last six months | £193,617 |
| Maximum cost in the last six months | £201,971 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,354 |
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 £8,354 more.
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