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Farm in Tuscany
Montespertoli, 884, Italy
REF: 720798
€1,490,000
Description
The property is lose on the Chianti Hills in, prestigious area famouse for Chianti DOCG wine and refined IGP italian extra-virgin oil. The property is composed of three building for a total of 2404 smq. One of the buildings is, for a big part, felt down but it s possible to re-build it as in origin. The buildings are surrounded by much more than 38 hectares of land of which: - 12 hectares cultivated as vineyard with 21.138 grapevine that produce much more than 78.000 liters DOCG Chianti Wine and about 8.000 liters IGT Tuscany wine; - 15 hectares cultivated as olive tree grove with 2.328 olive trees that produce 35-40 quintal IGP extra-virgin italian oil. - The other part of the land is coppice and uncoltivated. Chianti Hills develops between famouse and characteristics cities such as Florence, Siena and Arezzo. This is a strategic position also to reach unique hamlets as San Gimignano and Gambassi Therms. Water, gas and electricity to be brought on site. All buildings need to be fixed up. The property needs to be restored, after that could be used as B&B thanks it s strategic position, or as winery or olive growing. All buildings are regularly registred as rural to the office of the local district. The property is privately owned and therefore subject to 10% purchase tax for a second home and 3% for primary residence.
The property is lose on the Chianti Hills in, prestigious area famouse for Chianti DOCG wine and refined IGP italian extra-virgin oil. The property is composed of three building for a total of 2404 smq. One of the buildings is, for a big part, felt down but it s possible to re-build it as in origin. The buildings are surrounded by much more than 38 hectares of land of which: - 12 hectares cultivated as vineyard with 21.138 grapevine that produce much more than 78.000 liters DOCG Chianti Wine and about 8.000 liters IGT Tuscany wine; - 15 hectares cultivated as olive tree grove with 2.328 olive trees that produce 35-40 quintal IGP extra-virgin italian oil. - The other part of the land is coppice and uncoltivated. Chianti Hills develops between famouse and characteristics cities such as Florence, Siena and Arezzo. This is a strategic position also to reach unique hamlets as San Gimignano and Gambassi Therms. Water, gas and electricity to be brought on site. All buildings need to be fixed up. The property needs to be restored, after that could be used as B&B thanks it s strategic position, or as winery or olive growing. All buildings are regularly registred as rural to the office of the local district. The property is privately owned and therefore subject to 10% purchase tax for a second home and 3% for primary residence.
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Currency Exchange
Montespertoli, 884, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €1,490,000 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 |
|---|---|---|---|
| €1,490,000 | £1,267,528 | £1,306,045 | £38,517 |
| Property Price € | €1,490,000 |
| Minimum cost in the last six months | £1,267,528 |
| Maximum cost in the last six months | £1,306,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,517 |
Montespertoli, 884, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €1,490,000 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 |
|---|---|---|---|
| €1,490,000 | £1,267,528 | £1,306,045 | £38,517 |
| Property Price € | €1,490,000 |
| Minimum cost in the last six months | £1,267,528 |
| Maximum cost in the last six months | £1,306,045 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,517 |
The exchange rate on the day you make an offer on your property in Italy 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 £38,517 more.
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