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Building Located in the Historic Center of Portimão
Portimão, Faro, Portugal, 8500-823
REF: 532548
€195,000
Description
Building Located in the Historic Center of Portimão, close to the shopping street in the commercial and pedestrian zone of Excellence, with good access, either by car or on foot, very close to free public parking. To remodel, located in a tourist and commercial area. Historic Center of Portimão, typical, with restaurants, cafes and gardens, very close to Rio Arade. With 186 m2, consisting of ground floor, 1st floor Very close to points of interest, such as the historic center of Portimão, Casa Manuel Teixeira Gomes, the Municipal Theater of Portimão, Rio Arade, Gardens, esplanades by the river. 2 km from Praia da Rocha and Portimão Marina. For investment, located in the historic center of Portimão. Located in ARU area (Urban Rehabilitation Area) with the possibility of financial incentives and tax exemptions. UNIQUE OPPORTUNITY MR INVESTOR HERE HAS A BUILDING FOR INVESTMENT! INCOME GUARANTEED! (* ) At KW we share 50% business with all real estate consultants or agencies with AMI license.
Building Located in the Historic Center of Portimão, close to the shopping street in the commercial and pedestrian zone of Excellence, with good access, either by car or on foot, very close to free public parking. To remodel, located in a tourist and commercial area. Historic Center of Portimão, typical, with restaurants, cafes and gardens, very close to Rio Arade. With 186 m2, consisting of ground floor, 1st floor Very close to points of interest, such as the historic center of Portimão, Casa Manuel Teixeira Gomes, the Municipal Theater of Portimão, Rio Arade, Gardens, esplanades by the river. 2 km from Praia da Rocha and Portimão Marina. For investment, located in the historic center of Portimão. Located in ARU area (Urban Rehabilitation Area) with the possibility of financial incentives and tax exemptions. UNIQUE OPPORTUNITY MR INVESTOR HERE HAS A BUILDING FOR INVESTMENT! INCOME GUARANTEED! (* ) At KW we share 50% business with all real estate consultants or agencies with AMI license.
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Currency Exchange
Portimão, Faro, Portugal, 8500-823
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 | £165,885 | £170,925 | £5,041 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £165,885 |
| Maximum cost in the last six months | £170,925 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,041 |
Portimão, Faro, Portugal, 8500-823
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 | £165,885 | £170,925 | £5,041 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £165,885 |
| Maximum cost in the last six months | £170,925 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,041 |
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 £5,041 more.
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