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Urban land with a ruin, located in Alto Fica - Tôr, about 5 minutes from the Quinta da Ombria development, 15 minutes from Loulé, 30 minutes from the city of Faro, the airport and the magnificent beaches of the Algarve
Loulé, Faro, Portugal
REF: 588236
€125,000
Description
Urban land with a ruin, located in Alto Fica - Tôr, about 5 minutes from the Quinta da Ombria development, 15 minutes from Loulé, 30 minutes from the city of Faro, the airport and the magnificent beaches of the Algarve. This land with a total area of 4,843.65 m2, has a ruin with an implantation of 149 m2, with an open view to the Algarve Mountains. There is already a PIP (request for prior information) for expansion and alteration of the existing house, for a house with a construction area of 309m2, spread over two floors above ground (ground floor and 1st floor). Opportunity for those looking to build a house in the middle of the tranquility of the countryside, to be able to enjoy a spectacular view over the Algarve Mountains, it will be the ideal place for moments of relaxation and leisure. #ref: 80094
Urban land with a ruin, located in Alto Fica - Tôr, about 5 minutes from the Quinta da Ombria development, 15 minutes from Loulé, 30 minutes from the city of Faro, the airport and the magnificent beaches of the Algarve. This land with a total area of 4,843.65 m2, has a ruin with an implantation of 149 m2, with an open view to the Algarve Mountains. There is already a PIP (request for prior information) for expansion and alteration of the existing house, for a house with a construction area of 309m2, spread over two floors above ground (ground floor and 1st floor). Opportunity for those looking to build a house in the middle of the tranquility of the countryside, to be able to enjoy a spectacular view over the Algarve Mountains, it will be the ideal place for moments of relaxation and leisure. #ref: 80094
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Currency Exchange
Loulé, 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 €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 | £109,144 | £2,808 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,144 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,808 |
Loulé, 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 €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 | £109,144 | £2,808 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,144 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,808 |
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 £2,808 more.
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