Exclusive 4-Bedroom Apartment in the Heart of Portimão – A Unique Opportunity to Create Your Dream Home! If you are looking for space, a prime location, and the freedom to design a home tailored to your taste, this apartment is for you! Situated in the heart of Portimão, just 2 minutes from the ico

Portimão, Faro, Portugal

For Sale

€198,000

REF: 942717 €198,000


4

2

92 m2

100 m2

Description

Exclusive 4-Bedroom Apartment in the Heart of Portimão – A Unique Opportunity to Create Your Dream Home! If you are looking for space, a prime location, and the freedom to design a home tailored to your taste, this apartment is for you! Situated in the heart of Portimão, just 2 minutes from the iconic Rua das Lojas, this 4-bedroom apartment stands out for its exclusivity – there is only one other unit of this type in the building.

The scarcity of T4 apartments on the market makes this a unique opportunity for those who value space, comfort in the city center, and the charm of a neighborhood lifestyle with services, traditional commerce, and the riverside promenade just a short walk away. Property Highlights: ✔ 4 spacious bedrooms, allowing for multiple layout possibilities; ✔ 2 bathrooms; ✔ Balcony and enclosed terrace, ideal for leisure or extra storage; ✔ Outdoor parking space for added convenience; ✔ Building with an elevator.

Tax Benefits & Urban Renewal Incentives This property is located within Portimão’s Urban Renewal Area (ARU), offering attractive tax incentives for renovation, such as IMT exemption on the first purchase for rehabilitation and reduced VAT rates for renovation work. Additionally, financial support programs are available, making this investment even more advantageous.

Historic Center: A Perfect Place for Family Living Living in the historic center of Portimão means being surrounded by history, tradition, and convenience. With schools, shops, services, and cultural spaces just steps away, this is the ideal location to provide your family with an exceptional quality of life.

Picturesque streets, local markets, and the proximity to the Arade River create a welcoming and authentic atmosphere, perfect for those who appreciate the balance between urban vibrancy and home comfort. Although some updates are needed, this apartment offers a solid and versatile foundation for a renovation project tailored to your style.

Imagine each space customized to your needs and preferences, transforming this apartment into a unique and fully personalized home. ________________________________________ Partnership Opportunities with IAD At IAD, we collaborate with all real estate consultants and agencies. • We promote properties on more than 200 national and international real estate portals.

• If you are a real estate professional with a qualified buyer, do not hesitate to contact us to schedule a visit. We are 100% available by phone or email to provide more information and arrange a detailed visit, either online or in person. Don't miss this unique opportunity – contact us today! #ref: 136497
Exclusive 4-Bedroom Apartment in the Heart of Portimão – A Unique Opportunity to Create Your Dream Home! If you are looking for space, a prime location, and the freedom to design a home tailored to your taste, this apartment is for you! Situated in the heart of Portimão, just 2 minutes from the iconic Rua das Lojas, this 4-bedroom apartment stands out for its exclusivity – there is only one other unit of this type in the building.

The scarcity of T4 apartments on the market makes this a unique opportunity for those who value space, comfort in the city center, and the charm of a neighborhood lifestyle with services, traditional commerce, and the riverside promenade just a short walk away. Property Highlights: ✔ 4 spacious bedrooms, allowing for multiple layout possibilities; ✔ 2 bathrooms; ✔ Balcony and enclosed terrace, ideal for leisure or extra storage; ✔ Outdoor parking space for added convenience; ✔ Building with an elevator.

Tax Benefits & Urban Renewal Incentives This property is located within Portimão’s Urban Renewal Area (ARU), offering attractive tax incentives for renovation, such as IMT exemption on the first purchase for rehabilitation and reduced VAT rates for renovation work. Additionally, financial support programs are available, making this investment even more advantageous.

Historic Center: A Perfect Place for Family Living Living in the historic center of Portimão means being surrounded by history, tradition, and convenience. With schools, shops, services, and cultural spaces just steps away, this is the ideal location to provide your family with an exceptional quality of life.

Picturesque streets, local markets, and the proximity to the Arade River create a welcoming and authentic atmosphere, perfect for those who appreciate the balance between urban vibrancy and home comfort. Although some updates are needed, this apartment offers a solid and versatile foundation for a renovation project tailored to your style.

Imagine each space customized to your needs and preferences, transforming this apartment into a unique and fully personalized home. ________________________________________ Partnership Opportunities with IAD At IAD, we collaborate with all real estate consultants and agencies. • We promote properties on more than 200 national and international real estate portals.

• If you are a real estate professional with a qualified buyer, do not hesitate to contact us to schedule a visit. We are 100% available by phone or email to provide more information and arrange a detailed visit, either online or in person. Don't miss this unique opportunity – contact us today! #ref: 136497
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Property on Map

#136497

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 €198,000 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
€198,000 £163,132 £167,526 £4,394
Property Price € €198,000
Minimum cost in the last six months £163,132
Maximum cost in the last six months £167,526
Fluctuating exchange rates over the last six months could have increased the cost of this property by £4,394

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 €198,000 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
€198,000 £163,132 £167,526 £4,394
Property Price € €198,000
Minimum cost in the last six months £163,132
Maximum cost in the last six months £167,526
Fluctuating exchange rates over the last six months could have increased the cost of this property by £4,394

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 £4,394 more.

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