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Joint sale of 84 properties (plots of land) distributed by 3 urban operations (PIP) approved for the amount of 28,900,000EUR, with Gross Construction Area of 239,840sqm, of which 189,489sqm for housing
Vale da Rosa, Setúbal, Portugal
REF: 593700
€28,900,000
Description
Joint sale of 84 properties (plots of land) distributed by 3 urban operations (PIP) approved for the amount of 28,900,000EUR, with Gross Construction Area of 239,840sqm, of which 189,489sqm for housing. Energy Class: Exempt Setúbal was born from the river and the sea. The records of human occupation in the territory of the municipality date back to prehistory, having been collected, in several places, numerous traces since the Neolithic. It was visited by Phoenicians, Greeks and Carthaginians, who came to Iberia in search of salt and tin, namely the Alcácer do Sal, a village until which the river was then navigable. During the Roman occupation, Setúbal experienced a huge development. The Romans installed in the village fish salting factories and ceramic ovens, which they also developed. The fall of the Roman Empire, the barbarian invasions and the constant piracy of cabotage caused the stagnation, if not even the disappearance, of the settlement between the 6th and 12th centuries. In particular in the last century, there are no records of the village, 'wedged' between the Christian Palmela and the Arab Salt Alcácer. In the century that followed, the royalty and nobility of that then settled seasonal residence in Setúbal. The time of discoveries and conquests in Africa brought to Setúbal a great development, with D. Afonso V and his army, in 1458, party ing from the port of Setúbal to the conquest of Alcácer Ceguer. Throughout the 15th century, the village developed various economic activities, mainly linked to the shipbuilding industry and maritime trade, taking high incomes from the duties charged for entry into the port. It is from the end of the 15th century, beginning of the 16th century, a period of frank national development, dating to the construction of the Convent of Jesus and its church, founded by Justa Rodrigues Pereira to house the franciscan female order of Santa Clara, and is most likely the architectural work of Master Diogo Baitaca, the same one who took care of the Jerónimos Monastery.
Joint sale of 84 properties (plots of land) distributed by 3 urban operations (PIP) approved for the amount of 28,900,000EUR, with Gross Construction Area of 239,840sqm, of which 189,489sqm for housing. Energy Class: Exempt Setúbal was born from the river and the sea. The records of human occupation in the territory of the municipality date back to prehistory, having been collected, in several places, numerous traces since the Neolithic. It was visited by Phoenicians, Greeks and Carthaginians, who came to Iberia in search of salt and tin, namely the Alcácer do Sal, a village until which the river was then navigable. During the Roman occupation, Setúbal experienced a huge development. The Romans installed in the village fish salting factories and ceramic ovens, which they also developed. The fall of the Roman Empire, the barbarian invasions and the constant piracy of cabotage caused the stagnation, if not even the disappearance, of the settlement between the 6th and 12th centuries. In particular in the last century, there are no records of the village, 'wedged' between the Christian Palmela and the Arab Salt Alcácer. In the century that followed, the royalty and nobility of that then settled seasonal residence in Setúbal. The time of discoveries and conquests in Africa brought to Setúbal a great development, with D. Afonso V and his army, in 1458, party ing from the port of Setúbal to the conquest of Alcácer Ceguer. Throughout the 15th century, the village developed various economic activities, mainly linked to the shipbuilding industry and maritime trade, taking high incomes from the duties charged for entry into the port. It is from the end of the 15th century, beginning of the 16th century, a period of frank national development, dating to the construction of the Convent of Jesus and its church, founded by Justa Rodrigues Pereira to house the franciscan female order of Santa Clara, and is most likely the architectural work of Master Diogo Baitaca, the same one who took care of the Jerónimos Monastery.
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Currency Exchange
Vale da Rosa, Setúbal, 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 €28,900,000 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 |
|---|---|---|---|
| €28,900,000 | £24,584,941 | £25,330,561 | £745,620 |
| Property Price € | €28,900,000 |
| Minimum cost in the last six months | £24,584,941 |
| Maximum cost in the last six months | £25,330,561 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £745,620 |
Vale da Rosa, Setúbal, 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 €28,900,000 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 |
|---|---|---|---|
| €28,900,000 | £24,584,941 | £25,330,561 | £745,620 |
| Property Price € | €28,900,000 |
| Minimum cost in the last six months | £24,584,941 |
| Maximum cost in the last six months | £25,330,561 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £745,620 |
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 £745,620 more.
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