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Property with 300m2 of urban and rustic land with 19,240m2 in Cerro Manuel Viegas
Faro, Faro, Portugal, 8005-437
REF: 943997
€165,000
Description
Property consisting of two matrix items sold simultaneously. The urban item consists of 300m2, with the house having an area of 180 m2. The villa is in a privileged location, as despite having excellent access, it is not opposite the municipal road, which gives it enormous privacy. The rustic item has an area of 19,240m2. It faces the tarmac road to the north and is made up of plots of arable crops, fig trees, bush, carob trees, almond trees and olive trees. It is located on Cerro Manuel Viegas and enjoys unique views of the hill. Location: - 7km from Estoi; - 22km from Gago Coutinho International Airport, Faro; - 18km from Faro.
Property consisting of two matrix items sold simultaneously. The urban item consists of 300m2, with the house having an area of 180 m2. The villa is in a privileged location, as despite having excellent access, it is not opposite the municipal road, which gives it enormous privacy. The rustic item has an area of 19,240m2. It faces the tarmac road to the north and is made up of plots of arable crops, fig trees, bush, carob trees, almond trees and olive trees. It is located on Cerro Manuel Viegas and enjoys unique views of the hill. Location: - 7km from Estoi; - 22km from Gago Coutinho International Airport, Faro; - 18km from Faro.
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Currency Exchange
Faro, Faro, Portugal, 8005-437
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 | £135,944 | £143,235 | £7,291 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £135,944 |
| Maximum cost in the last six months | £143,235 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,291 |
Faro, Faro, Portugal, 8005-437
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 | £135,944 | £143,235 | £7,291 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £135,944 |
| Maximum cost in the last six months | £143,235 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,291 |
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 £7,291 more.
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