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Excellent opportunity to acquire a house with 286m2 built, on a plot of land with 6960m2 with stunning 180º views over the sea and mountains, the house faces south
Loulé, Faro, Portugal
REF: 683135
€1,050,000
Description
Excellent opportunity to acquire a house with 286m2 built, on a plot of land with 6960m2 with stunning 180º views over the sea and mountains, the house faces south. There is the possibility of building one or two more houses, due to the existence of two more urban numbers, each with a ruin. Traditional Portuguese house with lots of natural light, which with a little care could become the dream home you are looking for. The villa consists of 4 bedrooms, 2 bathrooms, a living and dining room, a kitchen with access to the patio with a barbecue and a leisure area. Outside we have 3 individual garages and a parking space for several vehicles. The land consists of a wide variety of fruit trees, such as Carob, Almond, Olive, Roman, Plum, Apple and many others. The villa is located 5 minutes from the city of Loulé, 15 minutes from the beaches of Quarteira and Vilamoura and 20 minutes from Faro International Airport. #ref: 94394
Excellent opportunity to acquire a house with 286m2 built, on a plot of land with 6960m2 with stunning 180º views over the sea and mountains, the house faces south. There is the possibility of building one or two more houses, due to the existence of two more urban numbers, each with a ruin. Traditional Portuguese house with lots of natural light, which with a little care could become the dream home you are looking for. The villa consists of 4 bedrooms, 2 bathrooms, a living and dining room, a kitchen with access to the patio with a barbecue and a leisure area. Outside we have 3 individual garages and a parking space for several vehicles. The land consists of a wide variety of fruit trees, such as Carob, Almond, Olive, Roman, Plum, Apple and many others. The villa is located 5 minutes from the city of Loulé, 15 minutes from the beaches of Quarteira and Vilamoura and 20 minutes from Faro International Airport. #ref: 94394
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Currency Exchange
Loulé, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £865,095 | £902,423 | £37,328 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £865,095 |
| Maximum cost in the last six months | £902,423 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,328 |
Loulé, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £865,095 | £902,423 | £37,328 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £865,095 |
| Maximum cost in the last six months | £902,423 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,328 |
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 £37,328 more.
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