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Property with a lot of potential in the Douro Valley
Sabrosa, Vila Real, Portugal
REF: 322353
€90,000
Description
Property with a lot of potential in the Douro Valley. The former elementary school in the wine-growing village of Ordonho presents itself as a great investment opportunity, whether for own housing or to invest in tourism business. With a breathtaking view over the vineyards that characterize this region, this property, in addition to the main building, also has another house served by water and electricity. The access is excellent, as this road is one of the main tourist routes to discover this region classified by UNESCO as world heritage (on the way to Gouvinhas). Just 25 minutes away from the city of Vila Real, and 15 minutes from the banks of the Douro river (Ferrão train station), although ideal for those who are looking for calm and peace, it is still close to all the amenities that any modern city has. It distanced 120km from Francisco sá Carneiro international airport (Porto), taking around 1 hour and 20 minutes by car to get there. For any clarification please do not hesitate to contact us. #ref: 57436
Property with a lot of potential in the Douro Valley. The former elementary school in the wine-growing village of Ordonho presents itself as a great investment opportunity, whether for own housing or to invest in tourism business. With a breathtaking view over the vineyards that characterize this region, this property, in addition to the main building, also has another house served by water and electricity. The access is excellent, as this road is one of the main tourist routes to discover this region classified by UNESCO as world heritage (on the way to Gouvinhas). Just 25 minutes away from the city of Vila Real, and 15 minutes from the banks of the Douro river (Ferrão train station), although ideal for those who are looking for calm and peace, it is still close to all the amenities that any modern city has. It distanced 120km from Francisco sá Carneiro international airport (Porto), taking around 1 hour and 20 minutes by car to get there. For any clarification please do not hesitate to contact us. #ref: 57436
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Currency Exchange
Sabrosa, Vila Real, 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 €90,000 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 |
|---|---|---|---|
| €90,000 | £74,548 | £77,351 | £2,803 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,548 |
| Maximum cost in the last six months | £77,351 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,803 |
Sabrosa, Vila Real, 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 €90,000 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 |
|---|---|---|---|
| €90,000 | £74,548 | £77,351 | £2,803 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,548 |
| Maximum cost in the last six months | £77,351 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,803 |
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 £2,803 more.
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