Currency Exchange For a Property Purchase in the Algarve
If you are looking at the Algarve or wider Portugal with a longing gaze and ideas of a wonderful new life or indeed a realisation of a great investment opportunity, then a consideration “could” be currency.
What do we mean?
For people within Portugal or in the € zone this may not be relevant but for other potential buyers interested to purchase a property here that are based in the UK, US or other non € country the exchange rates and moving currency can be daunting. If you are aware in advance, you can even take advantage of exchange rates when buying, if you aren’t considering it then it then it could be a pitfall.
Exchanging holiday money is one thing but when we are talking about potentially hundreds of thousands being transferred to Euros then its on another level. The slightest variation in the exchange rate can make and big difference and, in some cases, may lead to a need to change your budget.
Likewise, all currencies fluctuate in value there are opportunities to exchange to € at times of benefit in preparation for the move.
We partner with one of the best currency broker companies to give you all the pros and cons of your situation. With advance planning you can mitigate risk and avoid last minute surprises.
To talk to a currency advisor drop us a message here and we will arrange a call back to go over your personal circumstances.