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Land in Porto Martins
Vila da Praia da Vitória, Ilha Terceira, Portugal, 9760-000
REF: 787697
€55,000
Description
Land in the parish of Porto Martins with feasibility of construction.
The parish of Porto Martins is known for its unusual and varied landscape, it is characterized by being covered with vineyards stretched over the stones, and also for having many orchards among which the only ones on the island of Terceira where the olive tree is cultivated stand out.
With the natural pool resting on the dark stone resulting from volcanic activity. In the vicinity of the pool there is a pedestrian area that allows walks by the sea, allowing along the way to glimpse the vestiges of ancient fortifications that were part of the defensive system of the island of Terceira.
Land in the parish of Porto Martins with feasibility of construction.
The parish of Porto Martins is known for its unusual and varied landscape, it is characterized by being covered with vineyards stretched over the stones, and also for having many orchards among which the only ones on the island of Terceira where the olive tree is cultivated stand out.
With the natural pool resting on the dark stone resulting from volcanic activity. In the vicinity of the pool there is a pedestrian area that allows walks by the sea, allowing along the way to glimpse the vestiges of ancient fortifications that were part of the defensive system of the island of Terceira.
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Currency Exchange
Vila da Praia da Vitória, Ilha Terceira, Portugal, 9760-000
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 €55,000 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 |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
Vila da Praia da Vitória, Ilha Terceira, Portugal, 9760-000
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 €55,000 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 |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
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 £1,422 more.
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