Building with two floors, located in the historic city centre, for sale, in Faro, Algarve

Faro, Portugal

For Sale

€1,100,000

REF: 395805 €1,100,000


12

6

2008

Description

Building with two floors, located in the historic city centre, for sale, in Faro, Algarve. Property composed of twelve bedrooms, a living room, a dining room and a roof-top with beautiful views over the city. Excellent property for investment, in need of rehabilitation. Close to several services, shops, restaurants and 10 minutes from Faro International Airport.

  Excluded from the SCE, under alinea f) of Article 4 of Decree Law No. 118/2013 of 20 August, as amended.     CHARACTERISTICS:Area: 497 m2 | 5 353 sq ftDeployment Area: 298 m2 | 3 208 sq ftBuilding Area: 497 m2 | 5 353 sq ftBedrooms: 12Bathrooms: 6Energy efficiency: Certification in progressInternationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
Building with two floors, located in the historic city centre, for sale, in Faro, Algarve. Property composed of twelve bedrooms, a living room, a dining room and a roof-top with beautiful views over the city. Excellent property for investment, in need of rehabilitation. Close to several services, shops, restaurants and 10 minutes from Faro International Airport.

  Excluded from the SCE, under alinea f) of Article 4 of Decree Law No. 118/2013 of 20 August, as amended.     CHARACTERISTICS:Area: 497 m2 | 5 353 sq ftDeployment Area: 298 m2 | 3 208 sq ftBuilding Area: 497 m2 | 5 353 sq ftBedrooms: 12Bathrooms: 6Energy efficiency: Certification in progressInternationally awarded, LUXIMOS Christie's presents more than 1,200 properties for sale in Portugal, offering an excellent service in real estate brokerage.

LUXIMOS Christie's is the exclusive affiliate of Christie s International Real Estate (1350 offices in 46 countries) for the Algarve, Porto and North of Portugal, and provides its services to homeowners who are selling their properties, and to national and international buyers, who wish to buy real estate in Portugal.

Our selection includes modern and contemporary properties, near the sea or by theriver, in Foz do Douro, in Porto, Boavista, Matosinhos, Vilamoura, Tavira, Ria Formosa, Lagos, Almancil, Vale do Lobo, Quinta do Lago, near the golf courses or the marina. LIc AMI 9063
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Property on Map

#1LS01570

Currency Exchange

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 €1,100,000 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
€1,100,000 £919,776 £992,299 £72,523
Property Price € €1,100,000
Minimum cost in the last six months £919,776
Maximum cost in the last six months £992,299
Fluctuating exchange rates over the last six months could have increased the cost of this property by £72,523

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 €1,100,000 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
€1,100,000 £919,776 £992,299 £72,523
Property Price € €1,100,000
Minimum cost in the last six months £919,776
Maximum cost in the last six months £992,299
Fluctuating exchange rates over the last six months could have increased the cost of this property by £72,523

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 £72,523 more.

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