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This studio flat in Albufeira's Apart-Hotel Paraíso offers an excellent opportunity for both investment and residence or holidays
Albufeira, Faro, Portugal
REF: 812824
€97,500
Description
This studio flat in Albufeira's Apart-Hotel Paraíso offers an excellent opportunity for both investment and residence or holidays. Fully furnished, with an equipped kitchenette, and access to all the development's amenities, including a garden, indoor and outdoor swimming pools, leisure areas, gym (for a monthly fee), bar, restaurant, supermarket and convenience stores. The central location in Albufeira makes this development highly convenient, allowing easy access on foot to beaches, shops, services, hospital, transport, bars and restaurants. In addition, it is well connected to the main roads, such as the EN125 and the A22 (Via do Infante), and is around 30 minutes from Faro airport. With the possibility of renting it out according to the conditions of the Hotel Paraíso de Albufeira or buying it as a residence or for your holidays, this studio offers a versatile and attractive opportunity for those looking for a solid investment, a rental option or a permanent home in the charming town of Albufeira. We have support for the financing process, through a credit intermediary authorised by the Bank of Portugal who will help you find the best solutions for you. At IAD we share the business with all consultants or real estate agencies with a valid AMI licence. If you are a professional in the sector and have a qualified buyer client, please contact me to arrange a visit. #ref: 116365
This studio flat in Albufeira's Apart-Hotel Paraíso offers an excellent opportunity for both investment and residence or holidays. Fully furnished, with an equipped kitchenette, and access to all the development's amenities, including a garden, indoor and outdoor swimming pools, leisure areas, gym (for a monthly fee), bar, restaurant, supermarket and convenience stores. The central location in Albufeira makes this development highly convenient, allowing easy access on foot to beaches, shops, services, hospital, transport, bars and restaurants. In addition, it is well connected to the main roads, such as the EN125 and the A22 (Via do Infante), and is around 30 minutes from Faro airport. With the possibility of renting it out according to the conditions of the Hotel Paraíso de Albufeira or buying it as a residence or for your holidays, this studio offers a versatile and attractive opportunity for those looking for a solid investment, a rental option or a permanent home in the charming town of Albufeira. We have support for the financing process, through a credit intermediary authorised by the Bank of Portugal who will help you find the best solutions for you. At IAD we share the business with all consultants or real estate agencies with a valid AMI licence. If you are a professional in the sector and have a qualified buyer client, please contact me to arrange a visit. #ref: 116365
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Currency Exchange
Albufeira, 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 €97,500 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 |
|---|---|---|---|
| €97,500 | £82,942 | £85,458 | £2,516 |
| Property Price € | €97,500 |
| Minimum cost in the last six months | £82,942 |
| Maximum cost in the last six months | £85,458 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,516 |
Albufeira, 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 €97,500 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 |
|---|---|---|---|
| €97,500 | £82,942 | £85,458 | £2,516 |
| Property Price € | €97,500 |
| Minimum cost in the last six months | £82,942 |
| Maximum cost in the last six months | £85,458 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,516 |
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 £2,516 more.
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