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Is an 80 hectare property, all fenced and multifunctional
Ourique, Beja, Portugal
REF: 264356
€1,390,000
Description
Is an 80 hectare property, all fenced and multifunctional. A new regional P.D.M. (detailed plan) has been officially approved, which defines local feasibilities, limitations or prohibitions, with regard to construction and/or interventions on the land. For official state clarification, a meeting was requested with Ourique Town Council to confirm the viability of this property. Once the administrative formalities had been completed, the feasibility of building for rural tourism was confirmed, with a maximum of 200 beds, or 20 per cent of the total surface area of the property and a maximum of 2 floors. Authorisation was granted for bungalows and a campsite. The land is great for seeding, due to the predominance of its plainness and quality of the land. It has plenty of water, with a spring, 3 boreholes and 2 ponds. It has a pavilion for agricultural support, warehouse, farming and stables for horses. There are 2 available villas on this beautiful estate. The main one has a solar panel, 3 bedrooms, a lounge with a fitted kitchen, 2 bathrooms, a porch and a large space for a garage and party room, with a music booth and an industrial kitchen, smokehouse and pantry. There is a second villa next to the pool, divided into 2 parts with a bedroom, bathroom and kitchen each. As a complement to all the housing structure, there is a garden, some fruit trees, a huge saltwater swimming pool with a waterfall and a bar and lounge. Next to it there is a BBQ area and underneath there are changing rooms. It is situated 3 klms from Ourique, 1 klm from the IC1 national road to the Algarve, which is about 40 minutes away. At IAD, we share business with any real estate commercial, we have a concept of virtual showcase of our properties in over 200 real estate portals, both nationally and predominantly internationally. I look forward to your contact, for any questions or to schedule a visit. VIDEO: https://www.youtube.com/watch?v=0gswe6h68eU #ref: 19640
Is an 80 hectare property, all fenced and multifunctional. A new regional P.D.M. (detailed plan) has been officially approved, which defines local feasibilities, limitations or prohibitions, with regard to construction and/or interventions on the land. For official state clarification, a meeting was requested with Ourique Town Council to confirm the viability of this property. Once the administrative formalities had been completed, the feasibility of building for rural tourism was confirmed, with a maximum of 200 beds, or 20 per cent of the total surface area of the property and a maximum of 2 floors. Authorisation was granted for bungalows and a campsite. The land is great for seeding, due to the predominance of its plainness and quality of the land. It has plenty of water, with a spring, 3 boreholes and 2 ponds. It has a pavilion for agricultural support, warehouse, farming and stables for horses. There are 2 available villas on this beautiful estate. The main one has a solar panel, 3 bedrooms, a lounge with a fitted kitchen, 2 bathrooms, a porch and a large space for a garage and party room, with a music booth and an industrial kitchen, smokehouse and pantry. There is a second villa next to the pool, divided into 2 parts with a bedroom, bathroom and kitchen each. As a complement to all the housing structure, there is a garden, some fruit trees, a huge saltwater swimming pool with a waterfall and a bar and lounge. Next to it there is a BBQ area and underneath there are changing rooms. It is situated 3 klms from Ourique, 1 klm from the IC1 national road to the Algarve, which is about 40 minutes away. At IAD, we share business with any real estate commercial, we have a concept of virtual showcase of our properties in over 200 real estate portals, both nationally and predominantly internationally. I look forward to your contact, for any questions or to schedule a visit. VIDEO: https://www.youtube.com/watch?v=0gswe6h68eU #ref: 19640
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Currency Exchange
Ourique, Beja, 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 €1,390,000 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 |
|---|---|---|---|
| €1,390,000 | £1,182,459 | £1,218,391 | £35,932 |
| Property Price € | €1,390,000 |
| Minimum cost in the last six months | £1,182,459 |
| Maximum cost in the last six months | £1,218,391 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,932 |
Ourique, Beja, 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 €1,390,000 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 |
|---|---|---|---|
| €1,390,000 | £1,182,459 | £1,218,391 | £35,932 |
| Property Price € | €1,390,000 |
| Minimum cost in the last six months | £1,182,459 |
| Maximum cost in the last six months | £1,218,391 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,932 |
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 £35,932 more.
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