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Real estate land Sell in Montenegro,Faro
Faro, Portugal
REF: 627328
€250,000
Description
This plot of urban land is 640m2 in size, and has a house of 60m2. It previously received a favourable opinion to allow the construction of a building of 3 floors.The plot is situated in a residential area of Montenegro and is very well located, being close to a variety of services and amenities.This an excellent business opportunity, and has great potential to monetise. It would also make a wonderful full time residence.For more information, please don t hesitate to contact us.Features:-Very close to the Airport-A few minutes from the Private Hospital of Gambelas.- Surrounded by green areas-Close to Faro Island, wonderful to enjoy the beautiful beach and everything that surrounds it-Only a few minutes from FaroFaro is a city with so much to see and enjoy, It is a welcoming and peaceful city with an attractive harbour, well-kept parks and squares. The historic part of the city, Vila-Adentro, has charming pedestrian streets, and caf s with inviting terraces. The capital of the Algarve is truly proud of its lively centre, filled with shops, terraces, bars and restaurants, as well as its monuments, museums and beautiful old buildings.
This plot of urban land is 640m2 in size, and has a house of 60m2. It previously received a favourable opinion to allow the construction of a building of 3 floors.The plot is situated in a residential area of Montenegro and is very well located, being close to a variety of services and amenities.This an excellent business opportunity, and has great potential to monetise. It would also make a wonderful full time residence.For more information, please don t hesitate to contact us.Features:-Very close to the Airport-A few minutes from the Private Hospital of Gambelas.- Surrounded by green areas-Close to Faro Island, wonderful to enjoy the beautiful beach and everything that surrounds it-Only a few minutes from FaroFaro is a city with so much to see and enjoy, It is a welcoming and peaceful city with an attractive harbour, well-kept parks and squares. The historic part of the city, Vila-Adentro, has charming pedestrian streets, and caf s with inviting terraces. The capital of the Algarve is truly proud of its lively centre, filled with shops, terraces, bars and restaurants, as well as its monuments, museums and beautiful old buildings.
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Currency Exchange
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
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 £8,888 more.
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