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Rural Property in Vale do Lobo
Monchique, Faro, Portugal, 8550-167
REF: 567572
€142,500
Description
Rural property in Vale do Lobo with 82500 m2, including building in ruins and a small dam. It is 20 minutes from Lagos and 20 km away from the main beaches of southern Algarve and costa vicentina.The property bears view over the quiet hills of Algarve, with a short dirt road for access. The access to the property connects almost immediately to the building in ruins and (behind it) the dam. They are set on flat/hilly land. As the property expands in to a peak, there is a sharp incline up to the wind mills at the top.The plot contains various tree species, such as cork trees, pine trees and strawberry trees.The building in ruins was built as a mud house, with a total area of 87 m2.The dam is 1000 m2 and it is located at the foot of the hill, just behind the house. It develops in to a slightly concave shape.There is electricity in the property, via medium voltage pole, 25 m from the house. Nearby services:Quinta do Pincho - 1,9 KmMiradouro Ribeira da Vagarosa - 2 KmPizza Night Algarve - 11,4 KmLagos - 16 KmZoo de Lagos - 16,5 KmMeia Praia - 18,2 KmContinente Modelo Lagos - 18,3 KmCarrapateira/ Praia da Bordeira - 21,1 KmWant to have both the countryside quiet and the freshness of Algarve's beaches? Want to have both, but can't pick one? Come and view this property in Vale do Lobo!
Rural property in Vale do Lobo with 82500 m2, including building in ruins and a small dam. It is 20 minutes from Lagos and 20 km away from the main beaches of southern Algarve and costa vicentina.The property bears view over the quiet hills of Algarve, with a short dirt road for access. The access to the property connects almost immediately to the building in ruins and (behind it) the dam. They are set on flat/hilly land. As the property expands in to a peak, there is a sharp incline up to the wind mills at the top.The plot contains various tree species, such as cork trees, pine trees and strawberry trees.The building in ruins was built as a mud house, with a total area of 87 m2.The dam is 1000 m2 and it is located at the foot of the hill, just behind the house. It develops in to a slightly concave shape.There is electricity in the property, via medium voltage pole, 25 m from the house. Nearby services:Quinta do Pincho - 1,9 KmMiradouro Ribeira da Vagarosa - 2 KmPizza Night Algarve - 11,4 KmLagos - 16 KmZoo de Lagos - 16,5 KmMeia Praia - 18,2 KmContinente Modelo Lagos - 18,3 KmCarrapateira/ Praia da Bordeira - 21,1 KmWant to have both the countryside quiet and the freshness of Algarve's beaches? Want to have both, but can't pick one? Come and view this property in Vale do Lobo!
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Currency Exchange
Monchique, Faro, Portugal, 8550-167
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 €142,500 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 |
|---|---|---|---|
| €142,500 | £117,406 | £122,472 | £5,066 |
| Property Price € | €142,500 |
| Minimum cost in the last six months | £117,406 |
| Maximum cost in the last six months | £122,472 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,066 |
Monchique, Faro, Portugal, 8550-167
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 €142,500 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 |
|---|---|---|---|
| €142,500 | £117,406 | £122,472 | £5,066 |
| Property Price € | €142,500 |
| Minimum cost in the last six months | £117,406 |
| Maximum cost in the last six months | £122,472 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,066 |
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 £5,066 more.
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