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Summer's over, now is the perfect time to buy a property in Portugal

Portugal’s summer sizzled, but with the cooler weather many of us are making our property-owning dreams a reality.

For Portugal, the sweltering summer of 2016 will live long in the memory. The heat was astonishing, but so was the general buzz – this was a holiday season with bells on as record numbers of tourists cooled down on the beaches and waterparks by day and chilled out in the restaurants and clubs by night. The economy enjoyed summer 2016 too. For the first time ever, tourist receipts have exceeded one billion euros each month since March, according to the Bank of Portugal.

Even those of us who love property might be excused preferring to spend the day on the beach or patio rather than with our estate agent, accountant or lawyer. It’s still hot in Portugal, but everyone is struggling back to work now and for anyone planning to enjoy the summer vibe all year long by buying a property, September and October are the months for rolling up the sleeves and getting down to it. You can download a comprehensive guide to buying property in Portugal here.

The first thing when looking for a property is to know how much you have to spend. That hasn’t been easy over the past year, with the pound-euro exchange rate varying so much. If your budget has been £100,000, over the past year you could have been considering properties worth €142,000, or €114,000, depending on when you were looking.

You don’t have to suffer that sort of uncertainty. Get a forward currency contract and you will know exactly how much you have to spend. Here is how it works. First you find a good currency broker. Don’t worry about that, you’ve already found one. MoveAgain recommends Smart Currency Exchange for all your currency needs. Smart has been voted Number One for both currency exchange and money transfer provider on Trustpilot, the respected hub for customer reviews. You will be assigned your own currency broke, who is not on commission and so will act in your best interests. He or she will explain all about currencies and offer you a quote.

If you want to take that rate you pay 10 percent to lock in that rate, and you can head off to Portugal knowing exactly what you have to spend. Even better, with Smart Currency you will have saved as much as 4 percent on the rate you would get from a high street bank.

For more information and to see how much you could save call 020 7898 0541 or click here for a free quote with no obligation.


 

Sep 20, 2016 | 127 Page Views

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