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Plot of land framed in an allotment license defined by the chamber of Silves
Silves, Faro, Portugal
REF: 721969
€72,000
Description
Plot of land framed in an allotment license defined by the chamber of Silves. This plot has an area of 582,35M2, allows a deployment area of 165 M2, built area of 315M2, and 165 M2 in basement and garage. Located in São Bartolomeu de Messines, 20 minutes from the beautiful beaches of Albufeira 15 minutes from the mythical city of Silves and 40 minutes from Faro Airport. The land has some slope, with a good project you can take advantage of it in a bold and creative way. The area is very quiet and surrounded by beautiful green spaces. São Bartolomeu de Messines is a Portuguese parish in the municipality of Silves. It is a village of Arab origin, which already existed in 1189 when the crusaders and the troops of D. Sancho I conquered Silves. At that time, it was called Mussiene or Adh-Dhakira Assania[6], which proves that the settlement was properly structured. Unfortunately, we know nothing about the following centuries. The medieval church that existed here did not reach our days and even the locality seems to have lost importance, probably due to its interior and peripheral location in relation to the main centers of power of the late-medieval Algarve. If you are planning to sell your property, land, I can also help you by giving you an estimate of value and advertising your property on more than 200 real estate portals in 60 countries for free. IAD is a real estate brokerage company that has no physical stores, which allows me to meet you and provide you with the best service wherever you are, based on professionalism and transparency. As an independent real estate agent, I have the autonomy to manage my schedule and to negotiate my commission with you, guaranteeing you personalized support at all stages of the process and a quality service at the best price. Contact me! #ref: 101446
Plot of land framed in an allotment license defined by the chamber of Silves. This plot has an area of 582,35M2, allows a deployment area of 165 M2, built area of 315M2, and 165 M2 in basement and garage. Located in São Bartolomeu de Messines, 20 minutes from the beautiful beaches of Albufeira 15 minutes from the mythical city of Silves and 40 minutes from Faro Airport. The land has some slope, with a good project you can take advantage of it in a bold and creative way. The area is very quiet and surrounded by beautiful green spaces. São Bartolomeu de Messines is a Portuguese parish in the municipality of Silves. It is a village of Arab origin, which already existed in 1189 when the crusaders and the troops of D. Sancho I conquered Silves. At that time, it was called Mussiene or Adh-Dhakira Assania[6], which proves that the settlement was properly structured. Unfortunately, we know nothing about the following centuries. The medieval church that existed here did not reach our days and even the locality seems to have lost importance, probably due to its interior and peripheral location in relation to the main centers of power of the late-medieval Algarve. If you are planning to sell your property, land, I can also help you by giving you an estimate of value and advertising your property on more than 200 real estate portals in 60 countries for free. IAD is a real estate brokerage company that has no physical stores, which allows me to meet you and provide you with the best service wherever you are, based on professionalism and transparency. As an independent real estate agent, I have the autonomy to manage my schedule and to negotiate my commission with you, guaranteeing you personalized support at all stages of the process and a quality service at the best price. Contact me! #ref: 101446
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Currency Exchange
Silves, 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 €72,000 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 |
|---|---|---|---|
| €72,000 | £61,250 | £63,031 | £1,781 |
| Property Price € | €72,000 |
| Minimum cost in the last six months | £61,250 |
| Maximum cost in the last six months | £63,031 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,781 |
Silves, 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 €72,000 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 |
|---|---|---|---|
| €72,000 | £61,250 | £63,031 | £1,781 |
| Property Price € | €72,000 |
| Minimum cost in the last six months | £61,250 |
| Maximum cost in the last six months | £63,031 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,781 |
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 £1,781 more.
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