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PORTUGAL - ALGARVE - MONCHIQUE Located in a green valley of Marmelete, less than 30 minutes from the spectacular beaches of Lagos and Portimão, discover this beautiful farm of 9 hectares that is just waiting to come back to life
Monchique, Faro, Portugal
REF: 665002
€485,000
Description
PORTUGAL - ALGARVE - MONCHIQUE Located in a green valley of Marmelete, less than 30 minutes from the spectacular beaches of Lagos and Portimão, discover this beautiful farm of 9 hectares that is just waiting to come back to life. Consisting of a ruin of 192 m² registered for housing, an agricultural warehouse (rural construction), two vast fields with several wells, several platforms and a mountainous part, the land offers excellent characteristics to develop a unique project. Submitted to favorable opinion from the REN and RAN, it may be possible to increase the built area from 300 to 500 m² to adapt to different types of projects : main residence, farming, community life, rural tourism, retreat, etc. The land has the advantage of being connected to the electricity grid and being rich in water, with three wells spread over its agricultural area. It has a good biodiversity with several local species such as cork oak, medronheiro, eucalyptus, esteva, as well as some fruit trees. Its mountainous part offers a spectacular panoramic view from its summit. Good opportunity if you are looking for a rural lifestyle, surrounded by nature while staying close to the coastline. Easy accessibility. Contact us to plan your visit! IAD’s reliability in Portugal, as a subsidiary of an international group operating in France, Spain, Italy, Germany, the United Kingdom, Mexico and the United States, guarantees you a high quality service and a wide range of services to realize your project. #ref: 91399
PORTUGAL - ALGARVE - MONCHIQUE Located in a green valley of Marmelete, less than 30 minutes from the spectacular beaches of Lagos and Portimão, discover this beautiful farm of 9 hectares that is just waiting to come back to life. Consisting of a ruin of 192 m² registered for housing, an agricultural warehouse (rural construction), two vast fields with several wells, several platforms and a mountainous part, the land offers excellent characteristics to develop a unique project. Submitted to favorable opinion from the REN and RAN, it may be possible to increase the built area from 300 to 500 m² to adapt to different types of projects : main residence, farming, community life, rural tourism, retreat, etc. The land has the advantage of being connected to the electricity grid and being rich in water, with three wells spread over its agricultural area. It has a good biodiversity with several local species such as cork oak, medronheiro, eucalyptus, esteva, as well as some fruit trees. Its mountainous part offers a spectacular panoramic view from its summit. Good opportunity if you are looking for a rural lifestyle, surrounded by nature while staying close to the coastline. Easy accessibility. Contact us to plan your visit! IAD’s reliability in Portugal, as a subsidiary of an international group operating in France, Spain, Italy, Germany, the United Kingdom, Mexico and the United States, guarantees you a high quality service and a wide range of services to realize your project. #ref: 91399
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Currency Exchange
Monchique, 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 €485,000 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 |
|---|---|---|---|
| €485,000 | £399,592 | £416,833 | £17,242 |
| Property Price € | €485,000 |
| Minimum cost in the last six months | £399,592 |
| Maximum cost in the last six months | £416,833 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,242 |
Monchique, 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 €485,000 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 |
|---|---|---|---|
| €485,000 | £399,592 | £416,833 | £17,242 |
| Property Price € | €485,000 |
| Minimum cost in the last six months | £399,592 |
| Maximum cost in the last six months | £416,833 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,242 |
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 £17,242 more.
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