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Traditional Algarvian House in Portimão Unique Opportunity!
Portimão, Faro, Portugal, 8500-304
REF: 955259
€249,000
Description
We present to you a magnificent century-old Algarvian house, located in the historic area of Portimão, with well-preserved architectural details from its era, still visible in its façade and structure. With a gross building area of 270m , divided by two floors, it surprises us with a rooftop terrace offering a breathtaking view over Portimão and the Arade River. On the ground floor, a courtyard provides endless possibilities for the future owners imagination. This property offers great potential to customize your dream home, as it can be adapted into a family residence with a garage or transformed into two independent units. Furthermore, due to its privileged location, the house is ideal for conversion into a tourism accommodation, such as a Local Lodging, Guest House, or even a Gallery or Commercial space on the ground floor, while maintaining the residential area on the first floor. The house is situated near Casa Inglesa and the riverside area, offering easy access to gardens, monuments, art and culture spots, local shops, restaurants, and other essential services. Don t miss this unique opportunity to invest in a property with character and immense potential in Portimão!
We present to you a magnificent century-old Algarvian house, located in the historic area of Portimão, with well-preserved architectural details from its era, still visible in its façade and structure. With a gross building area of 270m , divided by two floors, it surprises us with a rooftop terrace offering a breathtaking view over Portimão and the Arade River. On the ground floor, a courtyard provides endless possibilities for the future owners imagination. This property offers great potential to customize your dream home, as it can be adapted into a family residence with a garage or transformed into two independent units. Furthermore, due to its privileged location, the house is ideal for conversion into a tourism accommodation, such as a Local Lodging, Guest House, or even a Gallery or Commercial space on the ground floor, while maintaining the residential area on the first floor. The house is situated near Casa Inglesa and the riverside area, offering easy access to gardens, monuments, art and culture spots, local shops, restaurants, and other essential services. Don t miss this unique opportunity to invest in a property with character and immense potential in Portimão!
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Currency Exchange
Portimão, Faro, Portugal, 8500-304
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 €249,000 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 |
|---|---|---|---|
| €249,000 | £205,151 | £210,676 | £5,525 |
| Property Price € | €249,000 |
| Minimum cost in the last six months | £205,151 |
| Maximum cost in the last six months | £210,676 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,525 |
Portimão, Faro, Portugal, 8500-304
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 €249,000 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 |
|---|---|---|---|
| €249,000 | £205,151 | £210,676 | £5,525 |
| Property Price € | €249,000 |
| Minimum cost in the last six months | £205,151 |
| Maximum cost in the last six months | £210,676 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,525 |
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 £5,525 more.
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