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The Ferreira de Castro Flats development is located in the Bonfim neighborhood, in Porto, offering a modern T1 apartment with 51m² of usable area and a generous 10m² balcony
Porto, Porto, Portugal
REF: 948315
€265,000
Description
The Ferreira de Castro Flats development is located in the Bonfim neighborhood, in Porto, offering a modern T1 apartment with 51m² of usable area and a generous 10m² balcony. The property consists of an entrance hall that leads to a spacious living and dining room, perfect for moments of leisure and socializing. The kitchen is functional and well-equipped, meeting all daily needs. The balcony, ideal for enjoying the city’s climate, complements the living space. The apartment includes a parking space and storage, ensuring convenience and extra space. Among the extras are the pre-installation of air conditioning with a multisplit system, video intercom, and water heating by heat pump. The construction is expected to be completed by June 2026, offering quality and comfort for those looking to live in the heart of Porto. Complete your business with IAD Portugal/International, where we support the entire process of buying, selling, or renting, from the initial phase to the deed signing. All contractual acts, such as signing the CPCV (Promise of Purchase and Sale Agreement), are carried out in the presence of a lawyer (ensuring all legal aspects of the act). If you reside in Portugal or abroad and wish to buy or invest in Portugal, we are ready to offer you a personalized service. If you would like to know more about this property, please do not hesitate to contact us. We will be happy to assist you. #ref: 138184
The Ferreira de Castro Flats development is located in the Bonfim neighborhood, in Porto, offering a modern T1 apartment with 51m² of usable area and a generous 10m² balcony. The property consists of an entrance hall that leads to a spacious living and dining room, perfect for moments of leisure and socializing. The kitchen is functional and well-equipped, meeting all daily needs. The balcony, ideal for enjoying the city’s climate, complements the living space. The apartment includes a parking space and storage, ensuring convenience and extra space. Among the extras are the pre-installation of air conditioning with a multisplit system, video intercom, and water heating by heat pump. The construction is expected to be completed by June 2026, offering quality and comfort for those looking to live in the heart of Porto. Complete your business with IAD Portugal/International, where we support the entire process of buying, selling, or renting, from the initial phase to the deed signing. All contractual acts, such as signing the CPCV (Promise of Purchase and Sale Agreement), are carried out in the presence of a lawyer (ensuring all legal aspects of the act). If you reside in Portugal or abroad and wish to buy or invest in Portugal, we are ready to offer you a personalized service. If you would like to know more about this property, please do not hesitate to contact us. We will be happy to assist you. #ref: 138184
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Currency Exchange
Porto, Porto, 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 €265,000 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 |
|---|---|---|---|
| €265,000 | £218,720 | £230,044 | £11,323 |
| Property Price € | €265,000 |
| Minimum cost in the last six months | £218,720 |
| Maximum cost in the last six months | £230,044 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,323 |
Porto, Porto, 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 €265,000 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 |
|---|---|---|---|
| €265,000 | £218,720 | £230,044 | £11,323 |
| Property Price € | €265,000 |
| Minimum cost in the last six months | £218,720 |
| Maximum cost in the last six months | £230,044 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,323 |
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 £11,323 more.
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