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🏡 Building in the Center of Alvor Excellent Investment Opportunity 🏡
Portimão, Faro, Portugal
REF: 937948
€849,000
Description
🏡 Building in the Center of Alvor Excellent Investment Opportunity 🏡 Located in the heart of Alvor, this building with 12 rooms and two fractions offers incredible potential for both rehabilitation and exploration in the Local Accommodation market (AL), with an estimated return of 7% per year. 🔹 Gross Private Area: 301.2 m 🔹 Land Area: 170 m 🔹 Current Distribution: ️ 2 floors with T2 types ️ Possibility of transforming into two T2 and three T1 ️ Terrace on the top floor with the possibility of creating a T1 rooftop, perfect for leisure moments with barbecue and views over the village 📍 Privileged Location Located on one of the most emblematic streets in Alvor, this building is just a few steps from restaurants, shops, bars and the Alvor Ria, making it a strategic investment for tourist rental or permanent housing. 💰 Investment Opportunity With great potential for appreciation, this property stands out for its high potential income, making it ideal for those looking for a solid investment in the Algarve real estate sector. 🔑 Don't miss this opportunity! Contact us for more information and schedule your visit now. 📞
🏡 Building in the Center of Alvor Excellent Investment Opportunity 🏡 Located in the heart of Alvor, this building with 12 rooms and two fractions offers incredible potential for both rehabilitation and exploration in the Local Accommodation market (AL), with an estimated return of 7% per year. 🔹 Gross Private Area: 301.2 m 🔹 Land Area: 170 m 🔹 Current Distribution: ️ 2 floors with T2 types ️ Possibility of transforming into two T2 and three T1 ️ Terrace on the top floor with the possibility of creating a T1 rooftop, perfect for leisure moments with barbecue and views over the village 📍 Privileged Location Located on one of the most emblematic streets in Alvor, this building is just a few steps from restaurants, shops, bars and the Alvor Ria, making it a strategic investment for tourist rental or permanent housing. 💰 Investment Opportunity With great potential for appreciation, this property stands out for its high potential income, making it ideal for those looking for a solid investment in the Algarve real estate sector. 🔑 Don't miss this opportunity! Contact us for more information and schedule your visit now. 📞
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Currency Exchange
Portimão, 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 €849,000 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 |
|---|---|---|---|
| €849,000 | £699,491 | £720,037 | £20,546 |
| Property Price € | €849,000 |
| Minimum cost in the last six months | £699,491 |
| Maximum cost in the last six months | £720,037 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,546 |
Portimão, 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 €849,000 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 |
|---|---|---|---|
| €849,000 | £699,491 | £720,037 | £20,546 |
| Property Price € | €849,000 |
| Minimum cost in the last six months | £699,491 |
| Maximum cost in the last six months | £720,037 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,546 |
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 £20,546 more.
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