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Plot of urban land, located in Urbanização Pontalgar, parish of Mexilhoeira Grande, municipality of Portimão
Portimão, Faro, Portugal
REF: 623926
€160,000
Description
Plot of urban land, located in Urbanização Pontalgar, parish of Mexilhoeira Grande, municipality of Portimão. Plot with an area of 700 m2, with feasibility of building a house.,The plot is located 15 min from Lagos, 15/20 min. from Portimão, and 10 minutes from the beach "Meia-Praia". In the village there are cafes, minimarkets, bank, post office, library, church, homes, schools and other services. About the parish: Mexilhoeira Grande is an ancient settlement, whose origin may date back to the Neolithic and Chalcolithic peoples of Monte Canelas and Alcalar. Mexilhoeira Grande was elevated to a village on November 1, 1999. It is in this parish that the Autodromo Internacional do Algarve is located. About IAD: Founded in France in May 2008, iad was born from the desire to create an innovative real estate network. The iad model relies on digital, dematerializing physical stores. iad emerged in Portugal in 2015, and is operating in Spain, Italy, Mexico and Germany. Here you can build the house of your dreams! #ref: 84910
Plot of urban land, located in Urbanização Pontalgar, parish of Mexilhoeira Grande, municipality of Portimão. Plot with an area of 700 m2, with feasibility of building a house.,The plot is located 15 min from Lagos, 15/20 min. from Portimão, and 10 minutes from the beach "Meia-Praia". In the village there are cafes, minimarkets, bank, post office, library, church, homes, schools and other services. About the parish: Mexilhoeira Grande is an ancient settlement, whose origin may date back to the Neolithic and Chalcolithic peoples of Monte Canelas and Alcalar. Mexilhoeira Grande was elevated to a village on November 1, 1999. It is in this parish that the Autodromo Internacional do Algarve is located. About IAD: Founded in France in May 2008, iad was born from the desire to create an innovative real estate network. The iad model relies on digital, dematerializing physical stores. iad emerged in Portugal in 2015, and is operating in Spain, Italy, Mexico and Germany. Here you can build the house of your dreams! #ref: 84910
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Currency Exchange
Portimão, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £136,110 | £139,704 | £3,594 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £136,110 |
| Maximum cost in the last six months | £139,704 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,594 |
Portimão, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £136,110 | £139,704 | £3,594 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £136,110 |
| Maximum cost in the last six months | £139,704 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,594 |
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 £3,594 more.
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