Buying properties in Portugal has now become more affordable for American buyers as the dollar to euro exchange rate hit parity in 2022. The exchange rate has never been so profitable for Americans in the last 20 years. Buying a house in Portugal is now 15 percent cheaper for American buyers since July 2022, compared to the beginning of the year when the exchange rate was 12 percent lower at $1.18 to €1. Today, July 19th, the exchange rate is $1.01 to €1.
Now American buyers can use their investment to buy better properties that were way above their budget before… For example… The price of a property has fallen from €380,000, approximately $425,000 to $384,000 since January.
“American buyers you are now able to save $41,000 when buying a property in Portugal!!!”
Getting help from a currency expert is crucial when making a currency transfer to Portugal. Infinite Solutions and our trusted foreign exchange broker will help you transfer your US$ to and from Portugal. Our trusted currency exchange broker helps overseas property-buyers exchange and transfer money and solve your issues for either your investment holiday home or permanent residence.
You will be able to save a lot on fees that banks charge for currency transfers. They will transfer the money safely and smoothly. Considering the current strength of the Dollar, it is safe to buy Euros in advance. Our trusted loan Broker can arrange forward purchase of the Euros. That way they will pay the exchange rate of the day they have agreed on for a transfer in the future.
Infinite Solutions has been helping property buyers and sellers for more than 20 years and we pride ourselves in being part of the decision of more than 500 families making Portugal their new home!!!
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