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Excellent land with ruin near the city and all amenities
Faro, Faro, Portugal
REF: 333746
€270,000
Description
Excellent land with ruin near the city and all amenities. This land has easy access as it is located just a short distance from the main communication routes in the Algarve. About 15 minutes from Faro, the airport and the beaches, you will find this mixed land, consisting of arable land and urban part with 850 m2. It allows you to recover the existing construction as well as make a new construction. This location allows you to have privacy while not being isolated, there are other houses in the vicinity. The land has a nearby water, sanitation and energy network already in place. Opportunity to make your dream home, in this quiet area but close to all the amenities and services required for today's life. #ref: 59880
Excellent land with ruin near the city and all amenities. This land has easy access as it is located just a short distance from the main communication routes in the Algarve. About 15 minutes from Faro, the airport and the beaches, you will find this mixed land, consisting of arable land and urban part with 850 m2. It allows you to recover the existing construction as well as make a new construction. This location allows you to have privacy while not being isolated, there are other houses in the vicinity. The land has a nearby water, sanitation and energy network already in place. Opportunity to make your dream home, in this quiet area but close to all the amenities and services required for today's life. #ref: 59880
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Currency Exchange
Faro, 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 €270,000 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 |
|---|---|---|---|
| €270,000 | £229,686 | £236,366 | £6,680 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £229,686 |
| Maximum cost in the last six months | £236,366 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,680 |
Faro, 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 €270,000 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 |
|---|---|---|---|
| €270,000 | £229,686 | £236,366 | £6,680 |
| Property Price € | €270,000 |
| Minimum cost in the last six months | £229,686 |
| Maximum cost in the last six months | £236,366 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,680 |
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 £6,680 more.
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