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Property with 7ha and houses in Alferce - Monchique
Monchique, Faro, Portugal, 8550-011
REF: 545133
€125,000
Description
Farm with 7,08 ha and 104 m2 gross built area. At the top, there is house in mud of 104 m2 (for housing) and stone house of 60 m2 (rural construction). Property grounds include the houses, a plot with terrace cultivation and stream at the bottom, running through the valley, with plenty of water, and green landscape. The plot with terrace cultivation joins the houses with the stream. There, you can develop bio-agriculture with the products you love most. There is a private water spring - a borehole won't be necessary for water collection, because channeling water from the spring will be enough. Access: You may access the property through a well-kept, dirt road. Nearby: Alferce - 3 Km Espelho de água (public pool) - 3 Km Snack Bar CN - 3 Km Hispormade (buy and sell wood) - 3 Km Intermarché (supermarket) - 10,8 Km Monchique - 11 Km Odelouca Dam - 14 Km Portimão - 32 Km If you dream of investing in a rustic house, immersive in nature, with the stream humming below and the vibrant colors of bio-agriculture, this is the property you will love most.
Farm with 7,08 ha and 104 m2 gross built area. At the top, there is house in mud of 104 m2 (for housing) and stone house of 60 m2 (rural construction). Property grounds include the houses, a plot with terrace cultivation and stream at the bottom, running through the valley, with plenty of water, and green landscape. The plot with terrace cultivation joins the houses with the stream. There, you can develop bio-agriculture with the products you love most. There is a private water spring - a borehole won't be necessary for water collection, because channeling water from the spring will be enough. Access: You may access the property through a well-kept, dirt road. Nearby: Alferce - 3 Km Espelho de água (public pool) - 3 Km Snack Bar CN - 3 Km Hispormade (buy and sell wood) - 3 Km Intermarché (supermarket) - 10,8 Km Monchique - 11 Km Odelouca Dam - 14 Km Portimão - 32 Km If you dream of investing in a rustic house, immersive in nature, with the stream humming below and the vibrant colors of bio-agriculture, this is the property you will love most.
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Currency Exchange
Monchique, Faro, Portugal, 8550-011
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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,568 | £3,231 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,568 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,231 |
Monchique, Faro, Portugal, 8550-011
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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,568 | £3,231 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,568 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,231 |
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 £3,231 more.
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