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Unique opportunity to acquire a 5,000mtrs plot to build 5 luxury 3-bedroom houses Privileged location, extremely spectacular view Em Prazeres, the name of this parish comes from a small church dedicated to Our Lady of the Snows, a parish where the Assomadouro viewpoint is located 535mtrs with a vi
Calheta (Madeira), Ilha da Madeira, Portugal
REF: 651841
€525,000
Description
Unique opportunity to acquire a 5,000mtrs plot to build 5 luxury 3-bedroom houses Privileged location, extremely spectacular view Em Prazeres, the name of this parish comes from a small church dedicated to Our Lady of the Snows, a parish where the Assomadouro viewpoint is located 535mtrs with a view of Jardim do Mar and Paul do Mar and near some levadas. According to the PDM, these are the restrictions for construction areas: - Construction index: 0.7 - Waterproofing rate: 50% - Gross construction allowed: 3,500mtrs - Minimum side and rear distance: 3mtrs Next to the road with access to infrastructure, such as drinking water, electricity, telecommunication With all these characteristics and excellent location, this land is a smart and safe investment. Contact me for more information and to schedule a visit #ref: 89890
Unique opportunity to acquire a 5,000mtrs plot to build 5 luxury 3-bedroom houses Privileged location, extremely spectacular view Em Prazeres, the name of this parish comes from a small church dedicated to Our Lady of the Snows, a parish where the Assomadouro viewpoint is located 535mtrs with a view of Jardim do Mar and Paul do Mar and near some levadas. According to the PDM, these are the restrictions for construction areas: - Construction index: 0.7 - Waterproofing rate: 50% - Gross construction allowed: 3,500mtrs - Minimum side and rear distance: 3mtrs Next to the road with access to infrastructure, such as drinking water, electricity, telecommunication With all these characteristics and excellent location, this land is a smart and safe investment. Contact me for more information and to schedule a visit #ref: 89890
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Currency Exchange
Calheta (Madeira), Ilha da Madeira, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £434,863 | £451,211 | £16,349 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £434,863 |
| Maximum cost in the last six months | £451,211 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,349 |
Calheta (Madeira), Ilha da Madeira, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £434,863 | £451,211 | £16,349 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £434,863 |
| Maximum cost in the last six months | £451,211 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,349 |
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 £16,349 more.
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