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Farm to Rebuild in Fonte Zambujo, Pereiro, Alcoutim
Alcoutim, Faro, Portugal, 8970-306
REF: 980221
€60,000
Description
Property consisting of two articles - a ruin to be rebuilt with 56m of implantation area inserted in an urban building with a total area of 177m ; it borders a rustic building of 1,720m , totaling a small farm of 1,897m . Flat land in a privileged location, on a small hill, bordering a public path on three fronts and not bordering any other buildings. Within the property there is a century-old threshing floor in excellent condition. Tarred road to the entrance, electricity and water on site - you only need to request the installation. Inserted in the heart of the Algarve landscape, open views of the mountains, tranquility, trails in the municipality of Alcoutim - Unique opportunity! Location: 3km from Pereiro; 9km from IC27; 16km from Alcoutim and the Pego Fundo River Beach; 35km from Mértola; 42km from Vila Real de Santo António and 45km from Ayamonte, Spain. For second home or investment: opportunity to enjoy nature at its best!
Property consisting of two articles - a ruin to be rebuilt with 56m of implantation area inserted in an urban building with a total area of 177m ; it borders a rustic building of 1,720m , totaling a small farm of 1,897m . Flat land in a privileged location, on a small hill, bordering a public path on three fronts and not bordering any other buildings. Within the property there is a century-old threshing floor in excellent condition. Tarred road to the entrance, electricity and water on site - you only need to request the installation. Inserted in the heart of the Algarve landscape, open views of the mountains, tranquility, trails in the municipality of Alcoutim - Unique opportunity! Location: 3km from Pereiro; 9km from IC27; 16km from Alcoutim and the Pego Fundo River Beach; 35km from Mértola; 42km from Vila Real de Santo António and 45km from Ayamonte, Spain. For second home or investment: opportunity to enjoy nature at its best!
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Currency Exchange
Alcoutim, Faro, Portugal, 8970-306
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 €60,000 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 |
|---|---|---|---|
| €60,000 | £49,434 | £52,085 | £2,651 |
| Property Price € | €60,000 |
| Minimum cost in the last six months | £49,434 |
| Maximum cost in the last six months | £52,085 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,651 |
Alcoutim, Faro, Portugal, 8970-306
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 €60,000 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 |
|---|---|---|---|
| €60,000 | £49,434 | £52,085 | £2,651 |
| Property Price € | €60,000 |
| Minimum cost in the last six months | £49,434 |
| Maximum cost in the last six months | £52,085 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,651 |
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 £2,651 more.
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