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Rural Tourism in Vila do Bispo, a unique opportunity in a Sustainable Refuge!
Vila do Bispo, Faro, Portugal
REF: 774352
€1,999,000
Description
There are 150,000 square meters with a project licensed for tourism "country houses", with 5 bedrooms and 1 studio (bedroom and kitchen) in the finishing phase. This property allows the creation of a variety of infrastructures, making it versatile for different audiences, thus opening up a range of opportunities for future expansions and innovations. It has a vegetable garden, orchard, 150 meter borehole, well with lots of good quality water, large tank, wood oven and electricity. It is next to the pedestrian route Via Algarviana and Rota Vicentina and close to the local beaches, there is a tarmac road connecting to Vila do Bispo. According to Google Maps, 2km from the village, 30 minutes from the A22 This property is EXCLUSIVE, which allows you greater security.
There are 150,000 square meters with a project licensed for tourism "country houses", with 5 bedrooms and 1 studio (bedroom and kitchen) in the finishing phase. This property allows the creation of a variety of infrastructures, making it versatile for different audiences, thus opening up a range of opportunities for future expansions and innovations. It has a vegetable garden, orchard, 150 meter borehole, well with lots of good quality water, large tank, wood oven and electricity. It is next to the pedestrian route Via Algarviana and Rota Vicentina and close to the local beaches, there is a tarmac road connecting to Vila do Bispo. According to Google Maps, 2km from the village, 30 minutes from the A22 This property is EXCLUSIVE, which allows you greater security.
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Currency Exchange
Vila do Bispo, 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 €1,999,000 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 |
|---|---|---|---|
| €1,999,000 | £1,646,976 | £1,735,312 | £88,336 |
| Property Price € | €1,999,000 |
| Minimum cost in the last six months | £1,646,976 |
| Maximum cost in the last six months | £1,735,312 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £88,336 |
Vila do Bispo, 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 €1,999,000 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 |
|---|---|---|---|
| €1,999,000 | £1,646,976 | £1,735,312 | £88,336 |
| Property Price € | €1,999,000 |
| Minimum cost in the last six months | £1,646,976 |
| Maximum cost in the last six months | £1,735,312 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £88,336 |
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 £88,336 more.
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