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Property aprox 2ha with house and large flat area with stream - Near Monchique
Monchique, Faro, Portugal, 8550-333
REF: 640460
€92,500
Description
Property with almost 2hectares, with a completely flat area, next to the stram of about 3,000sq.m.The house is semi-detached with 72 sq.m.The "Perna da Negra" stream, which has abundant water almost all year round, is at the bottom end of the property.Access is via a tarmac road, with only about 100 meters on gravel and the need to cross the stream to access the property. There is also a pedestrian bridge, made of wood, as shown in the photos.The property is less than 13 km from the village of Monchique, with a journey time of around 20 minutes by car.The house has electricity supply.If you are looking for a quiet place in nature, where you can rebuild your house relatively easily, and especially if you are looking for land that is easy to work on for an abundant vegetable garden, this is undoubtedly one of the best options on the market at the moment in this price range.
Property with almost 2hectares, with a completely flat area, next to the stram of about 3,000sq.m.The house is semi-detached with 72 sq.m.The "Perna da Negra" stream, which has abundant water almost all year round, is at the bottom end of the property.Access is via a tarmac road, with only about 100 meters on gravel and the need to cross the stream to access the property. There is also a pedestrian bridge, made of wood, as shown in the photos.The property is less than 13 km from the village of Monchique, with a journey time of around 20 minutes by car.The house has electricity supply.If you are looking for a quiet place in nature, where you can rebuild your house relatively easily, and especially if you are looking for land that is easy to work on for an abundant vegetable garden, this is undoubtedly one of the best options on the market at the moment in this price range.
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Currency Exchange
Monchique, Faro, Portugal, 8550-333
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 €92,500 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 |
|---|---|---|---|
| €92,500 | £76,619 | £79,499 | £2,880 |
| Property Price € | €92,500 |
| Minimum cost in the last six months | £76,619 |
| Maximum cost in the last six months | £79,499 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,880 |
Monchique, Faro, Portugal, 8550-333
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 €92,500 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 |
|---|---|---|---|
| €92,500 | £76,619 | £79,499 | £2,880 |
| Property Price € | €92,500 |
| Minimum cost in the last six months | £76,619 |
| Maximum cost in the last six months | £79,499 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,880 |
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 £2,880 more.
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