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Traditional semi-detached house of 57m2 for sale in the centre of Olhão, 15 minutes' walk from the famous Municipal Markets, restaurants and the Marina
Olhão, Faro, Portugal
REF: 806609
€172,000
Description
Traditional semi-detached house of 57m2 for sale in the centre of Olhão, 15 minutes' walk from the famous Municipal Markets, restaurants and the Marina. This villa was completely refurbished in 2018, with new plumbing, new electrics, air conditioning and the terrace has been waterproofed. The villa consists of: - 1 bedroom - 1 open-plan kitchen and living room (water heater, air conditioning, electric oven and mini fridge) - 1 WC with shower tray - 1 storage room - Terrace (Decoration not included) This house offers a beautiful sunny terrace that will provide a great space for socialising with your friends and family. It's a perfect house for your holidays, or even for renting out, as this property is allowed for Local Accommodation and the city of Olhão is one of the most sought-after in the Algarve by the foreign community. As it is located in an Urban Rehabilitation Zone, it is possible to build an upper floor, thus increasing the useful area and the value of this property. This house could be your ideal investment due to the constant increase in value of the typical Olhão houses and the ease of getting to the city centre. Don't miss out on this opportunity - book your visit now. iad is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at iad. Our consultants are there for you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy needed to guarantee you personalised support in realising your project, whether it's buying, renting or selling a property. At IAD you'll find a property consultant tailored to your needs. #ref: 115109
Traditional semi-detached house of 57m2 for sale in the centre of Olhão, 15 minutes' walk from the famous Municipal Markets, restaurants and the Marina. This villa was completely refurbished in 2018, with new plumbing, new electrics, air conditioning and the terrace has been waterproofed. The villa consists of: - 1 bedroom - 1 open-plan kitchen and living room (water heater, air conditioning, electric oven and mini fridge) - 1 WC with shower tray - 1 storage room - Terrace (Decoration not included) This house offers a beautiful sunny terrace that will provide a great space for socialising with your friends and family. It's a perfect house for your holidays, or even for renting out, as this property is allowed for Local Accommodation and the city of Olhão is one of the most sought-after in the Algarve by the foreign community. As it is located in an Urban Rehabilitation Zone, it is possible to build an upper floor, thus increasing the useful area and the value of this property. This house could be your ideal investment due to the constant increase in value of the typical Olhão houses and the ease of getting to the city centre. Don't miss out on this opportunity - book your visit now. iad is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at iad. Our consultants are there for you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy needed to guarantee you personalised support in realising your project, whether it's buying, renting or selling a property. At IAD you'll find a property consultant tailored to your needs. #ref: 115109
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Currency Exchange
Olhão, 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 €172,000 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 |
|---|---|---|---|
| €172,000 | £146,319 | £150,756 | £4,438 |
| Property Price € | €172,000 |
| Minimum cost in the last six months | £146,319 |
| Maximum cost in the last six months | £150,756 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,438 |
Olhão, 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 €172,000 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 |
|---|---|---|---|
| €172,000 | £146,319 | £150,756 | £4,438 |
| Property Price € | €172,000 |
| Minimum cost in the last six months | £146,319 |
| Maximum cost in the last six months | £150,756 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,438 |
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 £4,438 more.
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