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Currency exchange when selling property

When selling your property in Portugal it is best to decide in advance how you wish to receive the proceeds of your house sale. 

 

Advise your lawyer, before deed, how you wish the proceeds of your house sale 

 

If you wait untill the deed you may receive a bank transfer into your Portuguese account or a cheque in your name, which can only be paid into your Portuguese account. If you do this, you will need to visit your Portuguese bank branch in person, in order to transfer your money home. In most cases you can't transfer large sums via online banking, which means you'll need to be in Portugal for some time after your deed takes place. 

 

Having your money immediately exchanged to the necessary currency is a good option. However if you exchange your money with your Portuguese bank, often they cannot confirm the exact exchange rate and the amount you will receive in your home currency until after the transfer takes place. Some banks will even send euros and leave it to the receiving bank to convert. 

 

Choose when the exchange takes place and know how much money you will be receiving 

 

If you want to choose when the exchange takes place and you want to know how much money you will be receiving, you can ask your lawyer to send your money directly to GC Partners by bank transfer and get easy acces to your money and a great exchange rate. 

 

Transferring with GC Partners gives you the flexibility to choose when you exchange, meaning you will know the exchange rate before the transaction and you will know exactly how much you will receive in your home account. 

 

Since 2003, GC Partners has helped thousands of clients through the sales process. By following a few simple steps prior to completing on your property sale, you'll be able to access your money quickly and easily after your property sells. With an office in Portugal, the team of GC Partners are on hand to meet and discuss your requirements. Fill in the form below and GC Partners will contact you to help exchange into your home currency. 

 

Do you want to know exactly how much money you will receive in your home currency and do you want to maximise on that value? Fill in you details here 

and GC Partners will contact you to help.