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Refurbished 1 bedroom apartment in Albufeira - With local accommodation license
Albufeira, Faro, Portugal, 8200-184
REF: 939753
€195,000
Description
Completely refurbished 1 bedroom apartment.
It has a spacious living room with the kitchen in open space, the kitchen is equipped with a stove, hob, extractor fan, refrigerator and microwave, a bathroom with shower tray and water heater used for water heating, a large bedroom with built-in wardrobe, offering an elegant environment and with access to a balcony facing east, where you can enjoy the morning sun.
Located on the 4th floor of the Vila Magna condominium, the apartment has a swimming pool and a small playground. The building also has a 24-hour reception, providing additional security to residents and tenants. In addition, it has several services such as gym, café, mobile phone store, seamstress, among others.
The location is central, with cafes, restaurants, supermarkets, grocery stores and public transport just a few steps away. Oura Beach and Santa Eulalia Beach are within 2 km of the hotel.
This apartment already has a local accommodation (AL) license and is being explored as such.
The value of the condominium is 1200 per year and the annual IMI is 180.
Grab this chance and book your visit with us.
Our company assists in all sectors, such as how to obtain the best exchange rates, account opening and bank loan documentation, carrying out improvement works,
Completely refurbished 1 bedroom apartment.
It has a spacious living room with the kitchen in open space, the kitchen is equipped with a stove, hob, extractor fan, refrigerator and microwave, a bathroom with shower tray and water heater used for water heating, a large bedroom with built-in wardrobe, offering an elegant environment and with access to a balcony facing east, where you can enjoy the morning sun.
Located on the 4th floor of the Vila Magna condominium, the apartment has a swimming pool and a small playground. The building also has a 24-hour reception, providing additional security to residents and tenants. In addition, it has several services such as gym, café, mobile phone store, seamstress, among others.
The location is central, with cafes, restaurants, supermarkets, grocery stores and public transport just a few steps away. Oura Beach and Santa Eulalia Beach are within 2 km of the hotel.
This apartment already has a local accommodation (AL) license and is being explored as such.
The value of the condominium is 1200 per year and the annual IMI is 180.
Grab this chance and book your visit with us.
Our company assists in all sectors, such as how to obtain the best exchange rates, account opening and bank loan documentation, carrying out improvement works,
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Property on Map
Currency Exchange
Albufeira, Faro, Portugal, 8200-184
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 €195,000 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 |
|---|---|---|---|
| €195,000 | £160,661 | £165,380 | £4,719 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £160,661 |
| Maximum cost in the last six months | £165,380 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,719 |
Albufeira, Faro, Portugal, 8200-184
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 €195,000 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 |
|---|---|---|---|
| €195,000 | £160,661 | £165,380 | £4,719 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £160,661 |
| Maximum cost in the last six months | £165,380 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,719 |
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 £4,719 more.
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