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Rustic land, in terraces, with a total area of 39,760sqm, with its own water (mines and reservoir), very fertile and with stunning views over the mountains
Fóia, Faro, Portugal
REF: 258586
€85,000
Description
Rustic land, in terraces, with a total area of 39,760sqm, with its own water (mines and reservoir), very fertile and with stunning views over the mountains. Located in Barranco Silvestre, close to Foia, it has good access and is located 10 min. from the village of Monchique. Excellent for agricultural activity, greenhouses and / or any other activity that requires not only a lot of water but also its purity and quality. CURIOSITIES: 'In the center of two great mountains (Fóia and Picota), the municipality of Monchique goes down in history with the presence of the Romans in Caldas de Monchique, attracted by the healing power of its waters. In the following centuries, the mountain was slowly populated and in the 16th century Monchique was already a sufficiently important village to deserve the visit of King D. Sebastião, who intended to grant it the status of a city. ' Wikipedia The natural mineral water of Monchique comes from the depths of the earth, on a slope located in the tectonic valley that divides the Serra de Monchique. Agua de Monchique has been known since the time of the Roman presence in the Iberian Peninsula, as attested by the archaeological remains found in the region, and the Latin inscriptions referring to the water of 'Mons Cicus' (Latin origin of Monchique) as 'sacred'. With a pH of 9.5, Água de Monchique is the most alkaline in Portugal and one of the most alkaline in the world. Rich in Bicarbonate, Sodium and Fluorine, it is fundamentally applicable to respiratory and musculoskeletal disorders. Among its countless benefits, we highlight the help in recovering organic vitality and the feeling of well-being, delaying the signs associated with aging and preventing osteoporosis... monchiquetermalresort (website)
Rustic land, in terraces, with a total area of 39,760sqm, with its own water (mines and reservoir), very fertile and with stunning views over the mountains. Located in Barranco Silvestre, close to Foia, it has good access and is located 10 min. from the village of Monchique. Excellent for agricultural activity, greenhouses and / or any other activity that requires not only a lot of water but also its purity and quality. CURIOSITIES: 'In the center of two great mountains (Fóia and Picota), the municipality of Monchique goes down in history with the presence of the Romans in Caldas de Monchique, attracted by the healing power of its waters. In the following centuries, the mountain was slowly populated and in the 16th century Monchique was already a sufficiently important village to deserve the visit of King D. Sebastião, who intended to grant it the status of a city. ' Wikipedia The natural mineral water of Monchique comes from the depths of the earth, on a slope located in the tectonic valley that divides the Serra de Monchique. Agua de Monchique has been known since the time of the Roman presence in the Iberian Peninsula, as attested by the archaeological remains found in the region, and the Latin inscriptions referring to the water of 'Mons Cicus' (Latin origin of Monchique) as 'sacred'. With a pH of 9.5, Água de Monchique is the most alkaline in Portugal and one of the most alkaline in the world. Rich in Bicarbonate, Sodium and Fluorine, it is fundamentally applicable to respiratory and musculoskeletal disorders. Among its countless benefits, we highlight the help in recovering organic vitality and the feeling of well-being, delaying the signs associated with aging and preventing osteoporosis... monchiquetermalresort (website)
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Property on Map
Currency Exchange
Fóia, Faro, Portugal
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 €85,000 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 |
|---|---|---|---|
| €85,000 | £70,032 | £73,053 | £3,022 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £70,032 |
| Maximum cost in the last six months | £73,053 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,022 |
Fóia, Faro, Portugal
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 €85,000 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 |
|---|---|---|---|
| €85,000 | £70,032 | £73,053 | £3,022 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £70,032 |
| Maximum cost in the last six months | £73,053 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,022 |
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 £3,022 more.
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