Search
Land with 4 ruins, 11
Picota, Faro, Portugal
REF: 258527
€1,500,000
Description
Land with 4 ruins, 11.53 Ha, located at the summit of Picota and with the possibility of building a luxury Tourist Resort and / or Cable Car with Panoramic Restaurant Feasible Projects (granted by the municipality): - HOTEL UNIT WITH CAPACITY FOR 78 BEDROOMS, designed in a harmonious way, as an integral element of the natural landscape; - THE CABLE CAR connecting the summit of PICOTA to the center of MONCHIQUE. Detailed information on request. There is a 'DECLARATION OF MUNICIPAL INTEREST' (2017) to support both projects, taking into account the fact that they may constitute an ASSET for the TOURIST DEVELOPMENT of the municipality of MONCHIQUE. His property owner even won the prize for presenting the best project for the town and municipality of Monchique. As for its urban dimension, in terms of the existing ruins, they occupy a total area of 400sqm, with a building implantation area of 215.78sqm. CURIOSITIES: 'Picota viewpoint Picota, with its 774 m of altitude, offers a stunning landscape, although more steep, and one of the broadest and perhaps, most beautiful, scenarios that cover a vast extension of the Algarve coast and the sea. ' cm-monchique (website) In the center of two great mountains (Fóia and Picota), the municipality of Monchique enters history with the presence of the Romans in Caldas de Monchique, attracted by the healing power of its waters. In the following centuries, the mountain was slowly populated and in the 16th century Monchique was already a sufficiently important village to deserve the visit of King D. Sebastião, who intended to grant it the status of a city. The weaving of wool and linen - the solid surrobecos, orianos and tow from ancient times - among other activities, such as those related to chestnut wood, contributed to the prosperity and development of Monchique, in such a way that in 1773 it was promoted to village. The economic changes resulting from industrialization meant the loss of textile and other manufacturing activities. Today, Monchique is an airy town, turned to tourism, with an active handicraft and a diversified economy... Wikipedia
Land with 4 ruins, 11.53 Ha, located at the summit of Picota and with the possibility of building a luxury Tourist Resort and / or Cable Car with Panoramic Restaurant Feasible Projects (granted by the municipality): - HOTEL UNIT WITH CAPACITY FOR 78 BEDROOMS, designed in a harmonious way, as an integral element of the natural landscape; - THE CABLE CAR connecting the summit of PICOTA to the center of MONCHIQUE. Detailed information on request. There is a 'DECLARATION OF MUNICIPAL INTEREST' (2017) to support both projects, taking into account the fact that they may constitute an ASSET for the TOURIST DEVELOPMENT of the municipality of MONCHIQUE. His property owner even won the prize for presenting the best project for the town and municipality of Monchique. As for its urban dimension, in terms of the existing ruins, they occupy a total area of 400sqm, with a building implantation area of 215.78sqm. CURIOSITIES: 'Picota viewpoint Picota, with its 774 m of altitude, offers a stunning landscape, although more steep, and one of the broadest and perhaps, most beautiful, scenarios that cover a vast extension of the Algarve coast and the sea. ' cm-monchique (website) In the center of two great mountains (Fóia and Picota), the municipality of Monchique enters history with the presence of the Romans in Caldas de Monchique, attracted by the healing power of its waters. In the following centuries, the mountain was slowly populated and in the 16th century Monchique was already a sufficiently important village to deserve the visit of King D. Sebastião, who intended to grant it the status of a city. The weaving of wool and linen - the solid surrobecos, orianos and tow from ancient times - among other activities, such as those related to chestnut wood, contributed to the prosperity and development of Monchique, in such a way that in 1773 it was promoted to village. The economic changes resulting from industrialization meant the loss of textile and other manufacturing activities. Today, Monchique is an airy town, turned to tourism, with an active handicraft and a diversified economy... Wikipedia
Read More
Property on Map
Currency Exchange
Picota, Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,735 | £38,700 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,735 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,700 |
Picota, Faro, Portugal
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Portugal do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Portugal 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,735 | £38,700 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,735 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,700 |
The exchange rate on the day you make an offer on your property in Portugal 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 £38,700 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
