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Opportunity on the Alentejo Coast, Portugal Inserted in one of the best climates in Europe or the “new California of Europe”, an opportunity to do an innovative project, in an old ecological reserve
Santiago do Cacém, Setúbal, Portugal
REF: 528601
€170,000
Description
Opportunity on the Alentejo Coast, Portugal Inserted in one of the best climates in Europe or the “new California of Europe”, an opportunity to do an innovative project, in an old ecological reserve. Close to the Costa Vicentina natural park. There are many recommendations about Portugal such as Forbes, Traveler, The Guardian, as a safe country to “retire” or retire, as well as a tourist and business destination. Rustic land of 3.1HA “hectares”, at 168m above sea level, with strong amounts of groundwater in the soil, capacity for the implementation of Vineyards, various types of orchard, or other agricultural undertaking. About half of the area is a young oak orchard, and there are also close to 30 adult cork oaks giving cork in 4 years. It also has about 20 olive trees. The rustic land has construction feasibility, having a PIP. According to the latest opinion of the Chamber, it is possible to build: > 300m2 of agricultural support; > Rural Hotel with 4000m2 to 6000m2; The land is 6km from Cercal do Alentejo, 20km from Vila Nova de Milfontes 20km from Porto Covo. 30 km from the Industrial Pole of Sines. About the region: Rota Vicentina Porto Côvo Beaches Milfontes Beaches Surf Alentejo Coast Gastronomy AICEP Sines. #ref: 74963
Opportunity on the Alentejo Coast, Portugal Inserted in one of the best climates in Europe or the “new California of Europe”, an opportunity to do an innovative project, in an old ecological reserve. Close to the Costa Vicentina natural park. There are many recommendations about Portugal such as Forbes, Traveler, The Guardian, as a safe country to “retire” or retire, as well as a tourist and business destination. Rustic land of 3.1HA “hectares”, at 168m above sea level, with strong amounts of groundwater in the soil, capacity for the implementation of Vineyards, various types of orchard, or other agricultural undertaking. About half of the area is a young oak orchard, and there are also close to 30 adult cork oaks giving cork in 4 years. It also has about 20 olive trees. The rustic land has construction feasibility, having a PIP. According to the latest opinion of the Chamber, it is possible to build: > 300m2 of agricultural support; > Rural Hotel with 4000m2 to 6000m2; The land is 6km from Cercal do Alentejo, 20km from Vila Nova de Milfontes 20km from Porto Covo. 30 km from the Industrial Pole of Sines. About the region: Rota Vicentina Porto Côvo Beaches Milfontes Beaches Surf Alentejo Coast Gastronomy AICEP Sines. #ref: 74963
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Currency Exchange
Santiago do Cacém, Setúbal, 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 €170,000 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 |
|---|---|---|---|
| €170,000 | £140,063 | £146,107 | £6,044 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £140,063 |
| Maximum cost in the last six months | £146,107 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,044 |
Santiago do Cacém, Setúbal, 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 €170,000 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 |
|---|---|---|---|
| €170,000 | £140,063 | £146,107 | £6,044 |
| Property Price € | €170,000 |
| Minimum cost in the last six months | £140,063 |
| Maximum cost in the last six months | £146,107 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,044 |
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 £6,044 more.
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