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TOTAL AREA OF 13660 SQM - WITH 2 HOUSES - LOCATED IN PORCHES
Lagoa, Faro, Portugal
REF: 630862
€450,000
Description
Total area of 13660 sqm, consisting of two buildings, both intended for residential use. - Building 1, consisting of four rooms, two warehouses, cistern, terrace and fence - total urban area of 649 sqm - covered surface of 165 sqm and cistern with 125 sqm. - 37 7' 26.396" N 8 24' 47.5945" W - Building 2, consisting of an urban area of 2151 sqm, where a construction consisting of 4 rooms and two branches with a covered area of 151 sqm is located. - 37 7' 25.6148" N 8 24' 48.1417" OPossibility of extension of the construction (does not dispense consultation with the competent City Council).Located at a high point, with unobstructed views.Located in Alqueives, parish of Porches - Area of dispersed housing, very quiet, served by excellent access and quite prestigious. Distances (approx.) - 350 meters from the EN 125 - 750 meters from the village of Porches - 1.5 km from Nobel Algarve - International School - 3.8 km from the beach - 4 km from the city of Lagoa - county seat - 6 km from the A22 (Lagoa junction)
Total area of 13660 sqm, consisting of two buildings, both intended for residential use. - Building 1, consisting of four rooms, two warehouses, cistern, terrace and fence - total urban area of 649 sqm - covered surface of 165 sqm and cistern with 125 sqm. - 37 7' 26.396" N 8 24' 47.5945" W - Building 2, consisting of an urban area of 2151 sqm, where a construction consisting of 4 rooms and two branches with a covered area of 151 sqm is located. - 37 7' 25.6148" N 8 24' 48.1417" OPossibility of extension of the construction (does not dispense consultation with the competent City Council).Located at a high point, with unobstructed views.Located in Alqueives, parish of Porches - Area of dispersed housing, very quiet, served by excellent access and quite prestigious. Distances (approx.) - 350 meters from the EN 125 - 750 meters from the village of Porches - 1.5 km from Nobel Algarve - International School - 3.8 km from the beach - 4 km from the city of Lagoa - county seat - 6 km from the A22 (Lagoa junction)
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Currency Exchange
Lagoa, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £374,310 | £387,279 | £12,969 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £374,310 |
| Maximum cost in the last six months | £387,279 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,969 |
Lagoa, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £374,310 | £387,279 | £12,969 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £374,310 |
| Maximum cost in the last six months | £387,279 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,969 |
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 £12,969 more.
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