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Shop in the Historic Center of Loulé with Potential for Residential Conversion We present this versatile property located in the heart of Loulé, one of the most authentic and dynamic cities in the Algarve
Loulé, Faro, Portugal
REF: 994125
€175,000
Description
Shop in the Historic Center of Loulé with Potential for Residential Conversion We present this versatile property located in the heart of Loulé, one of the most authentic and dynamic cities in the Algarve. Currently designated for commercial use, this shop is located within an ARU (Urban Rehabilitation Area), benefiting from incentives and tax benefits for renovation and conversion projects. With a total area of 134 m², this is an excellent opportunity for those looking to invest in a space with high potential for appreciation — whether as a primary residence, local accommodation, or a multifunctional space. The building, which requires rehabilitation, retains original features and offers the perfect foundation for a unique and personalized project, full of charm and authenticity. The location is another highlight of this opportunity: 8 km from Nobel International School 6.5 km from Mar Shopping Algarve 13 km from Quinta do Lago 13.5 km from Quarteira and 9 km from Vilamoura Only 18 km from Faro Airport Don't miss this rare opportunity to acquire a shop with potential for residential use in the historic center of Loulé — a space where history, modernity, and quality of life come together. #ref: 143400
Shop in the Historic Center of Loulé with Potential for Residential Conversion We present this versatile property located in the heart of Loulé, one of the most authentic and dynamic cities in the Algarve. Currently designated for commercial use, this shop is located within an ARU (Urban Rehabilitation Area), benefiting from incentives and tax benefits for renovation and conversion projects. With a total area of 134 m², this is an excellent opportunity for those looking to invest in a space with high potential for appreciation — whether as a primary residence, local accommodation, or a multifunctional space. The building, which requires rehabilitation, retains original features and offers the perfect foundation for a unique and personalized project, full of charm and authenticity. The location is another highlight of this opportunity: 8 km from Nobel International School 6.5 km from Mar Shopping Algarve 13 km from Quinta do Lago 13.5 km from Quarteira and 9 km from Vilamoura Only 18 km from Faro Airport Don't miss this rare opportunity to acquire a shop with potential for residential use in the historic center of Loulé — a space where history, modernity, and quality of life come together. #ref: 143400
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Currency Exchange
Loulé, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,454 | £151,916 | £7,462 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,454 |
| Maximum cost in the last six months | £151,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,462 |
Loulé, 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 €175,000 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 |
|---|---|---|---|
| €175,000 | £144,454 | £151,916 | £7,462 |
| Property Price € | €175,000 |
| Minimum cost in the last six months | £144,454 |
| Maximum cost in the last six months | £151,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,462 |
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 £7,462 more.
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