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This farmhouse is situated on a panoramic hilltop of Montegiordano, approximately 3 miles from the coast
Montegiordano, Calabria, Italy
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REF: 906096
€65,000
Description
This farmhouse is situated on a panoramic hilltop of Montegiordano, approximately 3 miles from the coast. The house has a view over the bay and the rolling hills. It is also very close to the main road that takes to the village. The farm house needs to be restored. It is 70 sq m and can be extended of 100 sq m. It lies on over 4 acres of land (approximately 16,700 sq m). The charming building has already a project to be converted into a lovely holiday home with 3 bedrooms and 2 bathrooms. All services and utilities are nearby and there are other farmhouses at a short distance. Once restored this property would be ideal as B&B or holiday rental.
This farmhouse is situated on a panoramic hilltop of Montegiordano, approximately 3 miles from the coast. The house has a view over the bay and the rolling hills. It is also very close to the main road that takes to the village. The farm house needs to be restored. It is 70 sq m and can be extended of 100 sq m. It lies on over 4 acres of land (approximately 16,700 sq m). The charming building has already a project to be converted into a lovely holiday home with 3 bedrooms and 2 bathrooms. All services and utilities are nearby and there are other farmhouses at a short distance. Once restored this property would be ideal as B&B or holiday rental.
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Currency Exchange
Montegiordano, Calabria, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,554 | £55,864 | £2,311 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,554 |
| Maximum cost in the last six months | £55,864 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,311 |
Montegiordano, Calabria, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £53,554 | £55,864 | £2,311 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £53,554 |
| Maximum cost in the last six months | £55,864 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,311 |
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 £2,311 more.
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