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Quinta do Relógio is composed of a Palace, a Clock Tower and several accessory buildings, making up in its entirety about 40 divisions
Oeiras, Lisbon, Portugal
REF: 390850
€12,500,000
Description
Quinta do Relógio is composed of a Palace, a Clock Tower and several accessory buildings, making up in its entirety about 40 divisions. The property has several gardens, patios and terraces over the sea. It has several garages, stables, a staff house, an independent apartment, other storage and a large parking area of vehicles. Quinta do Relógio has a rectangular shape and an area of about 6,000 m2, with a covered/built area of about 1,600 m2. The property is all walled, has three gates to Av. Marginal, being possible to open a fourth gate to another road. In general, the property is in good condition, although some areas require repair works. According to the Plan for The Protection of Built and Environmental Heritage of the Municipality of Oeiras, Quinta do Relógio is classified as 'Quinta de grau B', which implies that pre-existing buildings can be expanded and new buildings can be implemented, provided that they respect the characteristics of existing buildings and surrounding areas. The property is self-catering in water and is connected to the sea by an underground tunnel. Energy Rating: In progress #ref:SF005
Quinta do Relógio is composed of a Palace, a Clock Tower and several accessory buildings, making up in its entirety about 40 divisions. The property has several gardens, patios and terraces over the sea. It has several garages, stables, a staff house, an independent apartment, other storage and a large parking area of vehicles. Quinta do Relógio has a rectangular shape and an area of about 6,000 m2, with a covered/built area of about 1,600 m2. The property is all walled, has three gates to Av. Marginal, being possible to open a fourth gate to another road. In general, the property is in good condition, although some areas require repair works. According to the Plan for The Protection of Built and Environmental Heritage of the Municipality of Oeiras, Quinta do Relógio is classified as 'Quinta de grau B', which implies that pre-existing buildings can be expanded and new buildings can be implemented, provided that they respect the characteristics of existing buildings and surrounding areas. The property is self-catering in water and is connected to the sea by an underground tunnel. Energy Rating: In progress #ref:SF005
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Currency Exchange
Oeiras, Lisbon, 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 €12,500,000 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 |
|---|---|---|---|
| €12,500,000 | £10,353,875 | £10,743,125 | £389,250 |
| Property Price € | €12,500,000 |
| Minimum cost in the last six months | £10,353,875 |
| Maximum cost in the last six months | £10,743,125 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £389,250 |
Oeiras, Lisbon, 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 €12,500,000 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 |
|---|---|---|---|
| €12,500,000 | £10,353,875 | £10,743,125 | £389,250 |
| Property Price € | €12,500,000 |
| Minimum cost in the last six months | £10,353,875 |
| Maximum cost in the last six months | £10,743,125 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £389,250 |
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 £389,250 more.
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