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Estate for the development of activities in the Rural Tourism sector
Silves, Faro, Portugal
REF: 264283
€1,200,000
Description
Estate for the development of activities in the Rural Tourism sector. Integrated in the Serra de Silves, a 5 min drive from the historic city of Silves, with a total area of 24 hectares, where areas of arbutus production with automated irrigation - 17.4 hectares - and stone pine - 6 hectares are implemented. The irrigation system includes drop-by-drop irrigation with approximately 33km of piping, with 2 holes with extraction pumps, 2 water dams and 1 well (former daughter-in-law) that feed the system. The plantation has a maturity of 5 years and is alternated with aromatic plants (“Lavandula”), important fixers of pollinating insects, being an asset for increasing production. The territory is divided into terraces that facilitate access to productive areas, citrus production and the small nursery of fruit and ornamental plants. The existing house comprises 2 kitchens, 3 bathrooms, 2 living rooms and 3 bedrooms with a terrace facing east. Being that for project the area can be of 780m2 with 72m2 for swimming pool. In the heart of the Serra Algarvia, the property is part of a temporary water line and is visited by the paths of the Grande Algarviana route, also having an observation post, which is an indicator of the open view over the territory - from the coast to Monchique. Surrounded by nature, with the “maqui” vegetable characteristic of the region. At IAD we share business with any consultant or real estate agency. We promote real estate in more than 200 international real estate portals. If you are a professional in the sector and have a qualified buyer customer, contact me and schedule your visit. I am still 100% available, by phone or e-mail, to provide you with any additional clarification on this property and schedule a more detailed visit to it, even if from a distance. #ref: 34868
Estate for the development of activities in the Rural Tourism sector. Integrated in the Serra de Silves, a 5 min drive from the historic city of Silves, with a total area of 24 hectares, where areas of arbutus production with automated irrigation - 17.4 hectares - and stone pine - 6 hectares are implemented. The irrigation system includes drop-by-drop irrigation with approximately 33km of piping, with 2 holes with extraction pumps, 2 water dams and 1 well (former daughter-in-law) that feed the system. The plantation has a maturity of 5 years and is alternated with aromatic plants (“Lavandula”), important fixers of pollinating insects, being an asset for increasing production. The territory is divided into terraces that facilitate access to productive areas, citrus production and the small nursery of fruit and ornamental plants. The existing house comprises 2 kitchens, 3 bathrooms, 2 living rooms and 3 bedrooms with a terrace facing east. Being that for project the area can be of 780m2 with 72m2 for swimming pool. In the heart of the Serra Algarvia, the property is part of a temporary water line and is visited by the paths of the Grande Algarviana route, also having an observation post, which is an indicator of the open view over the territory - from the coast to Monchique. Surrounded by nature, with the “maqui” vegetable characteristic of the region. At IAD we share business with any consultant or real estate agency. We promote real estate in more than 200 international real estate portals. If you are a professional in the sector and have a qualified buyer customer, contact me and schedule your visit. I am still 100% available, by phone or e-mail, to provide you with any additional clarification on this property and schedule a more detailed visit to it, even if from a distance. #ref: 34868
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Currency Exchange
Silves, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £988,680 | £1,031,340 | £42,660 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £988,680 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,660 |
Silves, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £988,680 | £1,031,340 | £42,660 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £988,680 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,660 |
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 £42,660 more.
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