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Discover this unique house in the historic heart of Olhão, a true gem that preserves the charm of traditional Algarvian homes
Olhão, Faro, Portugal
REF: 925141
€295,000
Description
Discover this unique house in the historic heart of Olhão, a true gem that preserves the charm of traditional Algarvian homes. Situated just a 2-minute walk from the stunning Ria Formosa, this property offers a perfect blend of charm, authenticity, and an unmissable investment opportunity in one of the Algarve’s most sought-after areas. Property Features: Ground floor: •Two cozy bedrooms that invite relaxation; •Spacious and bright living room; •Full bathroom with traditional finishes; •Functional kitchen with dining space. First floor: •Summer kitchen perfect for outdoor gatherings; •An additional bedroom ideal for guests; •Large private terrace with open views, perfect for enjoying the wonderful Algarve weather. Highlights: This house stands out for its two independent entrances, offering complete flexibility of use. Whether as a primary residence, vacation rental, or holiday home, this property adapts to your needs and is ideal for both living and generating income. Its privileged location ensures a peaceful lifestyle near the Ria Formosa, with easy access to Olhão’s vibrant local markets, regional cuisine in traditional restaurants, and the charm of its picturesque narrow streets. Why choose this house? •Exclusive location in one of the Algarve’s most authentic cities; •High rental potential as a vacation home; •Perfect for those seeking a second home or a dream holiday retreat. Don’t miss this unique opportunity to own a property that combines tradition, comfort, and an excellent location near one of the country’s most beautiful natural reserves. Contact us today to schedule a visit and discover the full potential of this remarkable property! #ref: 133897
Discover this unique house in the historic heart of Olhão, a true gem that preserves the charm of traditional Algarvian homes. Situated just a 2-minute walk from the stunning Ria Formosa, this property offers a perfect blend of charm, authenticity, and an unmissable investment opportunity in one of the Algarve’s most sought-after areas. Property Features: Ground floor: •Two cozy bedrooms that invite relaxation; •Spacious and bright living room; •Full bathroom with traditional finishes; •Functional kitchen with dining space. First floor: •Summer kitchen perfect for outdoor gatherings; •An additional bedroom ideal for guests; •Large private terrace with open views, perfect for enjoying the wonderful Algarve weather. Highlights: This house stands out for its two independent entrances, offering complete flexibility of use. Whether as a primary residence, vacation rental, or holiday home, this property adapts to your needs and is ideal for both living and generating income. Its privileged location ensures a peaceful lifestyle near the Ria Formosa, with easy access to Olhão’s vibrant local markets, regional cuisine in traditional restaurants, and the charm of its picturesque narrow streets. Why choose this house? •Exclusive location in one of the Algarve’s most authentic cities; •High rental potential as a vacation home; •Perfect for those seeking a second home or a dream holiday retreat. Don’t miss this unique opportunity to own a property that combines tradition, comfort, and an excellent location near one of the country’s most beautiful natural reserves. Contact us today to schedule a visit and discover the full potential of this remarkable property! #ref: 133897
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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 €295,000 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 |
|---|---|---|---|
| €295,000 | £243,051 | £256,087 | £13,036 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £243,051 |
| Maximum cost in the last six months | £256,087 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,036 |
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 €295,000 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 |
|---|---|---|---|
| €295,000 | £243,051 | £256,087 | £13,036 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £243,051 |
| Maximum cost in the last six months | £256,087 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,036 |
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 £13,036 more.
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