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Good opportunity to acquire a mixed plot with a fantastic view of the countryside with 13960 m2 with two houses, several annexes and oven house, dated to the year 1926 with typical Algarve features such as the floor, vaulted doors, doors and ect
Olhão, Faro, Portugal
REF: 318437
€390,000
Description
Good opportunity to acquire a mixed plot with a fantastic view of the countryside with 13960 m2 with two houses, several annexes and oven house, dated to the year 1926 with typical Algarve features such as the floor, vaulted doors, doors and ect. The land is fully fenced with two entrances, one facing the main road and the other facing a path with good access. On the land there is a water hole and a deposit for its distribution to the land, it also contains access to the water network next to the land and access to the electricity network of the land. Information from the Urban Management Division is as follows: allows reconstruction, alteration and extension of legally existing constructions. Total built does not exceed 300 square meters for housing purposes, 500 square meters for other purposes (those mentioned in n, 1, such as "other activities compatible with rural soil, ..." and 2000 square meters for tourism in Rural Areas . An excellent opportunity to remodel your dream home or even to monetize. call now #ref: 48907
Good opportunity to acquire a mixed plot with a fantastic view of the countryside with 13960 m2 with two houses, several annexes and oven house, dated to the year 1926 with typical Algarve features such as the floor, vaulted doors, doors and ect. The land is fully fenced with two entrances, one facing the main road and the other facing a path with good access. On the land there is a water hole and a deposit for its distribution to the land, it also contains access to the water network next to the land and access to the electricity network of the land. Information from the Urban Management Division is as follows: allows reconstruction, alteration and extension of legally existing constructions. Total built does not exceed 300 square meters for housing purposes, 500 square meters for other purposes (those mentioned in n, 1, such as "other activities compatible with rural soil, ..." and 2000 square meters for tourism in Rural Areas . An excellent opportunity to remodel your dream home or even to monetize. call now #ref: 48907
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Currency Exchange
Olhão, 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 €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 |
|---|---|---|---|
| €390,000 | £331,769 | £341,418 | £9,649 |
| Property Price € | €390,000 |
| Minimum cost in the last six months | £331,769 |
| Maximum cost in the last six months | £341,418 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,649 |
Olhão, 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 €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 |
|---|---|---|---|
| €390,000 | £331,769 | £341,418 | £9,649 |
| Property Price € | €390,000 |
| Minimum cost in the last six months | £331,769 |
| Maximum cost in the last six months | £341,418 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,649 |
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 £9,649 more.
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