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Farmhouse-rustico in Tuscany
Cortona, 856, Italy
REF: 720754
€450,000
Description
Stone house built in the '80s and in good condition as it is constantly maintained with care in a hilly position near the town of Cortona. The house of 270 square meters, is spread over three floors. In the basement, there are a garage and a large warehouse for a total of 100 square meters. On the ground floor with access through a small porch, we find a big living room with a fireplace, kitchen and bathroom. On the second floor 4 bedrooms and two bathrooms.All utilities have been kept active.The house was inhabited by the owners until a few years ago and although now uninhabited is maintained in good condition.The property can be used either as a main residence or as a second home or inserted in the circuit of tourist rentals.The location is favorable because despite being reserved is close to essential services and transportation The property is registered in the name of a physical person/s and the sale will be subject to registration tax according to the regulations in force (see private purchase costs).
Stone house built in the '80s and in good condition as it is constantly maintained with care in a hilly position near the town of Cortona. The house of 270 square meters, is spread over three floors. In the basement, there are a garage and a large warehouse for a total of 100 square meters. On the ground floor with access through a small porch, we find a big living room with a fireplace, kitchen and bathroom. On the second floor 4 bedrooms and two bathrooms.All utilities have been kept active.The house was inhabited by the owners until a few years ago and although now uninhabited is maintained in good condition.The property can be used either as a main residence or as a second home or inserted in the circuit of tourist rentals.The location is favorable because despite being reserved is close to essential services and transportation The property is registered in the name of a physical person/s and the sale will be subject to registration tax according to the regulations in force (see private purchase costs).
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Currency Exchange
Cortona, 856, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
Cortona, 856, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
The exchange rate on the day you make an offer on your property in Italy 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 £14,013 more.
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