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Countryhouse in need of renovation located in the municipality of Otranto, just a short distance from the sea and close to white sand beaches of Otranto, well-known Baia dei Turchi, and a just few steps from high standard touristic centers, hotels and resorts like : Green Paradise Alimini Resort ,
Otranto, Apulia, Italy
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REF: 906088
€1,050,000
Description
Countryhouse in need of renovation located in the municipality of Otranto, just a short distance from the sea and close to white sand beaches of Otranto, well-known Baia dei Turchi, and a just few steps from high standard touristic centers, hotels and resorts like : Green Paradise Alimini Resort , Hotel Koine , Alimini Smile Village , Hotel Village Gabriella , Club Meditteranee Masseria Cerra , Baia dei Turchi resort , and fine Italian agriturismi and villas of touristic character. The countryhouse surrounded by 5 ha of land consists of a portion of the building complex Masseria Faci ", built of load-bearing structures set on the above-ground level, in addition to the covering roof terrace and its rear tower building. At the moment the property is divided into an area built around 1960, consisting of a living area, kitchen, bedroom and bathroom, and an antique area dating back to the XV and XVII centuries, composed of 3 bedrooms and one bathroom, plus a raised area (a room and a bathroom) Otranto is an Italian municipality of 5,769 habitants, located in a province Lecce in Apulia. This splendid city is located on Adriatic cost, is known as a popular touristic place on an international level, and thanks to the presence of accommodation facilities and touristic complexes in 2010 this antique spot has become Cultural Property of UNESCO. The distance from Lecce is approximately 30 minutes and around 1 hour drive from the airport of Salento. The distance from Otranto is approx. 2,5 km.
Countryhouse in need of renovation located in the municipality of Otranto, just a short distance from the sea and close to white sand beaches of Otranto, well-known Baia dei Turchi, and a just few steps from high standard touristic centers, hotels and resorts like : Green Paradise Alimini Resort , Hotel Koine , Alimini Smile Village , Hotel Village Gabriella , Club Meditteranee Masseria Cerra , Baia dei Turchi resort , and fine Italian agriturismi and villas of touristic character. The countryhouse surrounded by 5 ha of land consists of a portion of the building complex Masseria Faci ", built of load-bearing structures set on the above-ground level, in addition to the covering roof terrace and its rear tower building. At the moment the property is divided into an area built around 1960, consisting of a living area, kitchen, bedroom and bathroom, and an antique area dating back to the XV and XVII centuries, composed of 3 bedrooms and one bathroom, plus a raised area (a room and a bathroom) Otranto is an Italian municipality of 5,769 habitants, located in a province Lecce in Apulia. This splendid city is located on Adriatic cost, is known as a popular touristic place on an international level, and thanks to the presence of accommodation facilities and touristic complexes in 2010 this antique spot has become Cultural Property of UNESCO. The distance from Lecce is approximately 30 minutes and around 1 hour drive from the airport of Salento. The distance from Otranto is approx. 2,5 km.
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Currency Exchange
Otranto, Apulia, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £865,095 | £890,505 | £25,410 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £865,095 |
| Maximum cost in the last six months | £890,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,410 |
Otranto, Apulia, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £865,095 | £890,505 | £25,410 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £865,095 |
| Maximum cost in the last six months | £890,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,410 |
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 £25,410 more.
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