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Old House Center Faro Old house, in ruin, with 5 rooms located in the center of Faro, just a few minutes walk from the Marina, and shops/services
Faro, Faro, Portugal
REF: 783379
€160,000
Description
Old House Center Faro Old house, in ruin, with 5 rooms located in the center of Faro, just a few minutes walk from the Marina, and shops/services. The existing house has 1 floor, with a plot of 74 m2, with a gross construction area of 54 m2 and an uncovered area of 20 m2. It is in a privileged area, ideal for restoration or demolition and construction of a new house, or construction of apartments, it is attached to a 5-storey building, and in front there are buildings with 3 floors, so at least 3 floors can be built, there is no project . It has two entrances and a leisure/garden area at the back. Easy access to services and shops. This house needs renovation/reconstruction work. An exceptional opportunity to purchase a house in the heart of the city for housing or business Great potential for investment. Faro, capital of the Algarve, located in the south of the country, has around 60,000 inhabitants spread over 210km. With gastronomy enjoyed by all, white sand beaches and mild waters, many seek this region as a holiday retreat, which gives it great potential in terms of the tourism sector. Currently, due to its central role and as regional capital, Faro has important infrastructure and public services for the region. It has Faro International Airport where it receives around 5 million tourists per year and also the University of Algarve, known internationally in the areas of marine sciences. At a cultural level, the city has a good offer in terms of churches, museums, theater, well-kept parks, an attractive marina, an interesting historical area as well as local commerce. There are many reasons that make Faro an interesting city, both to live in and as a mandatory stop on the itinerary of any tourist visiting Portugal. Distances from Faro to: Faro International Airport -6.5 km Faro Beach - 9 km Loulé - 17 km Vilamoura - 27 km For more information , please contact for visit #ref: 111593
Old House Center Faro Old house, in ruin, with 5 rooms located in the center of Faro, just a few minutes walk from the Marina, and shops/services. The existing house has 1 floor, with a plot of 74 m2, with a gross construction area of 54 m2 and an uncovered area of 20 m2. It is in a privileged area, ideal for restoration or demolition and construction of a new house, or construction of apartments, it is attached to a 5-storey building, and in front there are buildings with 3 floors, so at least 3 floors can be built, there is no project . It has two entrances and a leisure/garden area at the back. Easy access to services and shops. This house needs renovation/reconstruction work. An exceptional opportunity to purchase a house in the heart of the city for housing or business Great potential for investment. Faro, capital of the Algarve, located in the south of the country, has around 60,000 inhabitants spread over 210km. With gastronomy enjoyed by all, white sand beaches and mild waters, many seek this region as a holiday retreat, which gives it great potential in terms of the tourism sector. Currently, due to its central role and as regional capital, Faro has important infrastructure and public services for the region. It has Faro International Airport where it receives around 5 million tourists per year and also the University of Algarve, known internationally in the areas of marine sciences. At a cultural level, the city has a good offer in terms of churches, museums, theater, well-kept parks, an attractive marina, an interesting historical area as well as local commerce. There are many reasons that make Faro an interesting city, both to live in and as a mandatory stop on the itinerary of any tourist visiting Portugal. Distances from Faro to: Faro International Airport -6.5 km Faro Beach - 9 km Loulé - 17 km Vilamoura - 27 km For more information , please contact for visit #ref: 111593
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Currency Exchange
Faro, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £136,110 | £140,069 | £3,958 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £136,110 |
| Maximum cost in the last six months | £140,069 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,958 |
Faro, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £136,110 | £140,069 | £3,958 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £136,110 |
| Maximum cost in the last six months | £140,069 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,958 |
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 £3,958 more.
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