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9
Monchique, Faro, Portugal, 8550-000
REF: 719014
€165,000
Description
Have you ever imagined a plot of land, with almost 10 hectares, where more than 5 hectares of terraces have been licensed? Did you know that, if certain conditions are met, it is possible to build a dwelling and/or support buildings on the land? Obtaining a licence and the investment required to build the terraces is very time-consuming and expensive. On this property, the whole procedure has already been completed, properly licensed and executed! The owner has also planted lots of arbutus trees "Medronheiros" (more than 5,000), and the land also has some large ones and some cork oaks in the lower part of the property. A small dam has also been licensed and executed to accumulate water from mines located on the land. The land has more than one access and is in very reasonable condition. It is possible to access the upper part of the land with any car without much difficulty. If you are looking to start and develop an agricultural project and / or have a taste for a quiet location, this is possibly an excellent option for you! Contact me for more information!
Have you ever imagined a plot of land, with almost 10 hectares, where more than 5 hectares of terraces have been licensed? Did you know that, if certain conditions are met, it is possible to build a dwelling and/or support buildings on the land? Obtaining a licence and the investment required to build the terraces is very time-consuming and expensive. On this property, the whole procedure has already been completed, properly licensed and executed! The owner has also planted lots of arbutus trees "Medronheiros" (more than 5,000), and the land also has some large ones and some cork oaks in the lower part of the property. A small dam has also been licensed and executed to accumulate water from mines located on the land. The land has more than one access and is in very reasonable condition. It is possible to access the upper part of the land with any car without much difficulty. If you are looking to start and develop an agricultural project and / or have a taste for a quiet location, this is possibly an excellent option for you! Contact me for more information!
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Currency Exchange
Monchique, Faro, Portugal, 8550-000
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 €165,000 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 |
|---|---|---|---|
| €165,000 | £140,364 | £144,629 | £4,265 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £140,364 |
| Maximum cost in the last six months | £144,629 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,265 |
Monchique, Faro, Portugal, 8550-000
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 €165,000 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 |
|---|---|---|---|
| €165,000 | £140,364 | £144,629 | £4,265 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £140,364 |
| Maximum cost in the last six months | £144,629 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,265 |
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 £4,265 more.
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