Search
Property of 4,2ha and house os 105sqm in Monchique
Monchique, Faro, Portugal, 8550-255
REF: 711318
€234,500
Description
Property of 42.940sq.m. (4,2ha) with great accesses in Serra da Picota - Corte Grande area, in Monchique. The property has a house, which was intended for habitation with 105sq.m. of implantation area. The sun exposure is great, and there are several flower beds, where you can have your fruit trees and vegetable garden. There is electricity on the property and plenty of water. The water supply is done in two ways: 1) Independent mine located in the area of the flowerbeds, with tank. 2) Shared water spring with the neighbouring property, this spring is located outside the property. A stream runs through the lower end of the property. On the property there are strawberry trees, cork oaks, eucalyptus on the upper part of the property, and some fruit trees. For more information and to schedule a visit, please contact me!
Property of 42.940sq.m. (4,2ha) with great accesses in Serra da Picota - Corte Grande area, in Monchique. The property has a house, which was intended for habitation with 105sq.m. of implantation area. The sun exposure is great, and there are several flower beds, where you can have your fruit trees and vegetable garden. There is electricity on the property and plenty of water. The water supply is done in two ways: 1) Independent mine located in the area of the flowerbeds, with tank. 2) Shared water spring with the neighbouring property, this spring is located outside the property. A stream runs through the lower end of the property. On the property there are strawberry trees, cork oaks, eucalyptus on the upper part of the property, and some fruit trees. For more information and to schedule a visit, please contact me!
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Currency Exchange
Monchique, Faro, Portugal, 8550-255
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 €234,500 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 |
|---|---|---|---|
| €234,500 | £199,487 | £205,549 | £6,062 |
| Property Price € | €234,500 |
| Minimum cost in the last six months | £199,487 |
| Maximum cost in the last six months | £205,549 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,062 |
Monchique, Faro, Portugal, 8550-255
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 €234,500 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 |
|---|---|---|---|
| €234,500 | £199,487 | £205,549 | £6,062 |
| Property Price € | €234,500 |
| Minimum cost in the last six months | £199,487 |
| Maximum cost in the last six months | £205,549 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,062 |
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 £6,062 more.
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