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Plot for construction of a 3-storey building in the heart of downtown Olhão, just a few metres from the marina and the piers for boarding to the islands
Olhão, Faro, Portugal
REF: 974789
€527,000
Description
Plot for construction of a 3-storey building in the heart of downtown Olhão, just a few metres from the marina and the piers for boarding to the islands. A prime location, surrounded by traditional shops, restaurants and authentic Algarve life, with great potential for appreciation! Project Features: 9 modern apartments with areas ranging from 76sqm to 143sqm. Various types: 1 1-bedroom, 4 2-bedroom and 4 3-bedroom apartments - perfect for families, couples and investors. 9 garages in boxes, ensuring comfort and practicality for future residents. ARU Zone (Urban Rehabilitation Area): tax benefits and incentives for rehabilitation, making this an even more attractive project. Strategic Location: A few minutes from the Olhão marina and with easy access to the piers for boarding to the islands. Surrounded by local shops, traditional restaurants and with all amenities within reach. Growing area, ideal for both tourist rentals and permanent residences. Why invest? Olhão is increasingly sought after by tourists and residents, with a booming real estate market. Potential for appreciation in the medium/long term, especially with the increase in tourism and the revitalization of the area. The project is ready to move forward, with an approved architectural design and tax benefits from the ARU. Contact us for more information!
Plot for construction of a 3-storey building in the heart of downtown Olhão, just a few metres from the marina and the piers for boarding to the islands. A prime location, surrounded by traditional shops, restaurants and authentic Algarve life, with great potential for appreciation! Project Features: 9 modern apartments with areas ranging from 76sqm to 143sqm. Various types: 1 1-bedroom, 4 2-bedroom and 4 3-bedroom apartments - perfect for families, couples and investors. 9 garages in boxes, ensuring comfort and practicality for future residents. ARU Zone (Urban Rehabilitation Area): tax benefits and incentives for rehabilitation, making this an even more attractive project. Strategic Location: A few minutes from the Olhão marina and with easy access to the piers for boarding to the islands. Surrounded by local shops, traditional restaurants and with all amenities within reach. Growing area, ideal for both tourist rentals and permanent residences. Why invest? Olhão is increasingly sought after by tourists and residents, with a booming real estate market. Potential for appreciation in the medium/long term, especially with the increase in tourism and the revitalization of the area. The project is ready to move forward, with an approved architectural design and tax benefits from the ARU. Contact us for more information!
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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 €527,000 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 |
|---|---|---|---|
| €527,000 | £434,965 | £457,483 | £22,519 |
| Property Price € | €527,000 |
| Minimum cost in the last six months | £434,965 |
| Maximum cost in the last six months | £457,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,519 |
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 €527,000 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 |
|---|---|---|---|
| €527,000 | £434,965 | £457,483 | £22,519 |
| Property Price € | €527,000 |
| Minimum cost in the last six months | £434,965 |
| Maximum cost in the last six months | £457,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,519 |
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 £22,519 more.
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