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Portugal - Algarve - Monchique
Monchique, Faro, Portugal
REF: 532895
€250,000
Description
Portugal - Algarve - Monchique. Are you looking for a big piece of land close from the town of Monchique, with nice views, water and the possibility to develop your project without restrictions ? Discover this beautiful property of 7 hectares with 2 separated ruins, each one used for habitation, located just 5 kms from Monchique with all the services. It opens slowly through a gentle slope in its upper part, and joins a river flowing all year long in its lower part, where it is possible to create an excellent leisure area. It has an excellent biodiversity and includes many terraces where organic farming was practiced, with several water reservoirs. There are two distincts buildings : - ruin of 100 m² on an urban plot of 480 m², to be completely rebuilt. - ruin of 97 m² on an urban plot of 200 m², possible to renovate. Rare characteristic in Monchique, the two houses are out of REN and RAN, therefore it's possible to extend without limitations nor authorization from these organisms. Each house offers a lot of privacy, with two independent accesses. Flat space is limited around the houses though, due to the slope. Public electricity and water network at the door. Located a few kilometers from Monchique with all the amenities, health center, schools, etc., 30 minutes from Aljezur on the west coast and 30 minutes from Portimão on the south coast, this property offers excellent features for a main residence with a second house to rent, a community project or agro-tourism. Dont wait and come discover it! IAD emerged in Portugal in 2015 and is part of an international group operating in France, Spain, Italy, Germany, Mexico and soon USA. Tell us more about your project, we provide a wide range of services to accompany you. #ref: 75772
Portugal - Algarve - Monchique. Are you looking for a big piece of land close from the town of Monchique, with nice views, water and the possibility to develop your project without restrictions ? Discover this beautiful property of 7 hectares with 2 separated ruins, each one used for habitation, located just 5 kms from Monchique with all the services. It opens slowly through a gentle slope in its upper part, and joins a river flowing all year long in its lower part, where it is possible to create an excellent leisure area. It has an excellent biodiversity and includes many terraces where organic farming was practiced, with several water reservoirs. There are two distincts buildings : - ruin of 100 m² on an urban plot of 480 m², to be completely rebuilt. - ruin of 97 m² on an urban plot of 200 m², possible to renovate. Rare characteristic in Monchique, the two houses are out of REN and RAN, therefore it's possible to extend without limitations nor authorization from these organisms. Each house offers a lot of privacy, with two independent accesses. Flat space is limited around the houses though, due to the slope. Public electricity and water network at the door. Located a few kilometers from Monchique with all the amenities, health center, schools, etc., 30 minutes from Aljezur on the west coast and 30 minutes from Portimão on the south coast, this property offers excellent features for a main residence with a second house to rent, a community project or agro-tourism. Dont wait and come discover it! IAD emerged in Portugal in 2015 and is part of an international group operating in France, Spain, Italy, Germany, Mexico and soon USA. Tell us more about your project, we provide a wide range of services to accompany you. #ref: 75772
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Currency Exchange
Monchique, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £212,673 | £219,135 | £6,463 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £219,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,463 |
Monchique, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £212,673 | £219,135 | £6,463 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £212,673 |
| Maximum cost in the last six months | £219,135 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,463 |
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 £6,463 more.
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