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• Excellent mixed terrain, flat, easily accessible, with a plantation of walnut trees, located in the parish of Mexilhoeira Grande, close to the train station
Portimão, Faro, Portugal
REF: 666796
€165,000
Description
• Excellent mixed terrain, flat, easily accessible, with a plantation of walnut trees, located in the parish of Mexilhoeira Grande, close to the train station. • The land has a total area of 5360 m2 with a construction area of 56.32 m2. • It has water supply from the dam and electricity next to the land. • It is located in a quiet area at a distance of just 10 min/15min. from the cities of Portimão and Lagos. • Excellent opportunity to live close to nature, for leisure and to monetize the land with agriculture, already with several walnut trees with high yield and the possibility of other plantations. About the parish: • Mexilhoeira Grande is an ancient settlement, whose origin may date back to the Neolithic and Chalcolithic peoples of Monte Canelas and Alcalar. • Mexilhoeira Grande was elevated to town status on November 1, 1999. • It is in this parish that the Autódromo Internacional do Algarve is located. About IAD: Founded in France in May 2008, iad was born from the desire to create an innovative real estate network. The iad model relies on digital, dematerializing physical stores. iad emerged in Portugal in 2015, and is operating in Spain, Italy, Mexico and Germany. #ref: 86341
• Excellent mixed terrain, flat, easily accessible, with a plantation of walnut trees, located in the parish of Mexilhoeira Grande, close to the train station. • The land has a total area of 5360 m2 with a construction area of 56.32 m2. • It has water supply from the dam and electricity next to the land. • It is located in a quiet area at a distance of just 10 min/15min. from the cities of Portimão and Lagos. • Excellent opportunity to live close to nature, for leisure and to monetize the land with agriculture, already with several walnut trees with high yield and the possibility of other plantations. About the parish: • Mexilhoeira Grande is an ancient settlement, whose origin may date back to the Neolithic and Chalcolithic peoples of Monte Canelas and Alcalar. • Mexilhoeira Grande was elevated to town status on November 1, 1999. • It is in this parish that the Autódromo Internacional do Algarve is located. About IAD: Founded in France in May 2008, iad was born from the desire to create an innovative real estate network. The iad model relies on digital, dematerializing physical stores. iad emerged in Portugal in 2015, and is operating in Spain, Italy, Mexico and Germany. #ref: 86341
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Currency Exchange
Portimão, 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 €165,000 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 |
|---|---|---|---|
| €165,000 | £138,488 | £142,322 | £3,835 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £138,488 |
| Maximum cost in the last six months | £142,322 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,835 |
Portimão, 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 €165,000 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 |
|---|---|---|---|
| €165,000 | £138,488 | £142,322 | £3,835 |
| Property Price € | €165,000 |
| Minimum cost in the last six months | £138,488 |
| Maximum cost in the last six months | £142,322 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,835 |
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 £3,835 more.
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