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Excellent property with ruin for recovery in Monsaraz, next to Grande Lago Alqueva
Reguengos de Monsaraz, Évora, Portugal
REF: 759815
€275,000
Description
Excellent property with ruin for recovery in Monsaraz, next to Grande Lago Alqueva. This is an excellent opportunity, as the property is located on the slope of Monsaraz Castle, consists of an urban part of 405,40 m2, with a building footprint of 185,50 m2 and located on a plot of land with 12.000 m2. Hole 120 meters deep (3000lt/hour). Located between the Historic area and the River Beach of Monsaraz, it offers a unique landscape. In this idyllic place it is possible to fully enjoy what Alentejo and Alqueva offer. About 15 minutes from Reguengos de Monsaraz, 45 minutes from Évora, 2:15 hours from Lisbon and 25 minutes from Spain. Excluded from the SCE under Article 18(2)(g) of Decree-Law 101-D/2020 of 7 December. If you have any other questions or concerns, or if you would like to visit the property, please do not hesitate to contact me. Nuno Machado. #ref: 109360
Excellent property with ruin for recovery in Monsaraz, next to Grande Lago Alqueva. This is an excellent opportunity, as the property is located on the slope of Monsaraz Castle, consists of an urban part of 405,40 m2, with a building footprint of 185,50 m2 and located on a plot of land with 12.000 m2. Hole 120 meters deep (3000lt/hour). Located between the Historic area and the River Beach of Monsaraz, it offers a unique landscape. In this idyllic place it is possible to fully enjoy what Alentejo and Alqueva offer. About 15 minutes from Reguengos de Monsaraz, 45 minutes from Évora, 2:15 hours from Lisbon and 25 minutes from Spain. Excluded from the SCE under Article 18(2)(g) of Decree-Law 101-D/2020 of 7 December. If you have any other questions or concerns, or if you would like to visit the property, please do not hesitate to contact me. Nuno Machado. #ref: 109360
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Currency Exchange
Reguengos de Monsaraz, Évora, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £233,940 | £241,049 | £7,109 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £233,940 |
| Maximum cost in the last six months | £241,049 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,109 |
Reguengos de Monsaraz, Évora, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £233,940 | £241,049 | £7,109 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £233,940 |
| Maximum cost in the last six months | £241,049 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,109 |
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 £7,109 more.
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