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1 bedroom house with 80m2, swimming pool, land with 12,200m2, fantastic views
São Brás de Alportel, Faro, Portugal, 8150-054
REF: 967072
€980,000
Description
A piece of Paradise completely rebuilt and expanded in 2024. It has a beautiful garden and fantastic views. It is a Windmill comprising a bedroom, living room, kitchen, bathroom, terrace, garden and swimming pool. It is fully equipped and furnished, it has air conditioning in all the rooms, and it has a fireplace in the living room. There is the possibility and feasibility of expanding the construction to create another room with a bathroom. It is located approximately 20km from Faro International Airport. It is an excellent investment, whether for leisure or for profitability as Local Accommodation (licensed). There is the option of acquiring the Company that owns the property and the Licenses very advantageous in tax terms. Year of construction 1991 Reconstruction year 2024 Land area 12,200m2 Construction area 80m2 Pool area 16m2 IMI 80/year Energy Class - B-
A piece of Paradise completely rebuilt and expanded in 2024. It has a beautiful garden and fantastic views. It is a Windmill comprising a bedroom, living room, kitchen, bathroom, terrace, garden and swimming pool. It is fully equipped and furnished, it has air conditioning in all the rooms, and it has a fireplace in the living room. There is the possibility and feasibility of expanding the construction to create another room with a bathroom. It is located approximately 20km from Faro International Airport. It is an excellent investment, whether for leisure or for profitability as Local Accommodation (licensed). There is the option of acquiring the Company that owns the property and the Licenses very advantageous in tax terms. Year of construction 1991 Reconstruction year 2024 Land area 12,200m2 Construction area 80m2 Pool area 16m2 IMI 80/year Energy Class - B-
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Currency Exchange
São Brás de Alportel, Faro, Portugal, 8150-054
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 €980,000 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 |
|---|---|---|---|
| €980,000 | £808,941 | £850,748 | £41,807 |
| Property Price € | €980,000 |
| Minimum cost in the last six months | £808,941 |
| Maximum cost in the last six months | £850,748 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,807 |
São Brás de Alportel, Faro, Portugal, 8150-054
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 €980,000 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 |
|---|---|---|---|
| €980,000 | £808,941 | £850,748 | £41,807 |
| Property Price € | €980,000 |
| Minimum cost in the last six months | £808,941 |
| Maximum cost in the last six months | £850,748 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,807 |
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 £41,807 more.
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