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Rural Property w/ 10 ha and 3 rustic buildings - Marmelete, Monchique
Monchique, Faro, Portugal, 8550-108
REF: 432097
€165,000
Description
Rural Property with 10 hectares, which includes 3 rustic buildings, all of them mud houses, with areas corresponding to 65 m2, 46 m2 and 58 m2. This gives a gross built area of 170 m2. The property was not affected by the wildfires. It bares a view of the valley, sheltered deep in Serra de Monchique. Natural and energy resources: - Stream that runs at the lower end of the property, below the houses; - Power supply in the vicinity, only 50 meters from the houses; - Adult trees: a lot of strawberry trees, besides various cork trees and pine trees. Access: The property can be accessed through a dirt road, in good condition. Location: It is 15 minutes from Marmelete, 26 minutes from Aljezur and 35 minutes from Odeceixe and Monchique. If your dream project is to invest in a quiet area, exposed to the sounds of Monchique, with stream water running and birds chirping through the sky, with various trees, this is the property that you are going to fall in love with.
Rural Property with 10 hectares, which includes 3 rustic buildings, all of them mud houses, with areas corresponding to 65 m2, 46 m2 and 58 m2. This gives a gross built area of 170 m2. The property was not affected by the wildfires. It bares a view of the valley, sheltered deep in Serra de Monchique. Natural and energy resources: - Stream that runs at the lower end of the property, below the houses; - Power supply in the vicinity, only 50 meters from the houses; - Adult trees: a lot of strawberry trees, besides various cork trees and pine trees. Access: The property can be accessed through a dirt road, in good condition. Location: It is 15 minutes from Marmelete, 26 minutes from Aljezur and 35 minutes from Odeceixe and Monchique. If your dream project is to invest in a quiet area, exposed to the sounds of Monchique, with stream water running and birds chirping through the sky, with various trees, this is the property that you are going to fall in love with.
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Currency Exchange
Monchique, Faro, Portugal, 8550-108
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 €165,000 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 |
|---|---|---|---|
| €165,000 | £140,364 | £144,629 | £4,265 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £140,364 |
| Maximum cost in the last six months | £144,629 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,265 |
Monchique, Faro, Portugal, 8550-108
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 €165,000 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 |
|---|---|---|---|
| €165,000 | £140,364 | £144,629 | £4,265 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £140,364 |
| Maximum cost in the last six months | £144,629 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,265 |
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 £4,265 more.
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