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Land with 4
Povoação, Ilha de São Miguel, Portugal, 9650-250
REF: 684868
€79,950
Description
Land with 4.528,00 m2. 2 Fronts, one with 70 Meters and the other with 25 Meters. 5 Minutes from Vila da Povoação. Land with 4.528,00 m2 2 Fronts, one with 70 Meters and the
other with 25 Meters
5 Minutes from the Village of Povoação
Located on one of the slopes of the village, the parish of Nossa Senhora dos Remédios consists of the Lombas do Loução and Alcaide, elevated to this condition in 1957.
The toponym of "Loução", attributed to Lomba, had its origin in the name of a João de Loução, a personality of the mid-sixteenth century, who, it seems, built a caravel at an entrance to the Povoação basin. In turn, the name of the other Lomba, indicates the place where the Ferreiras de Azevedo who were Alcaides da Povoação in the seventeenth century had their
seat.With 1,112 inhabitants and being the third most populous parish of the county, Nossa Senhora dos Remédios lives, above all, from agriculture.
The festivities of São João, in June, Espírito Santo da Lomba do Alcaide and the patron saint, Na. Sra. dos Remédios, which takes place on the third weekend of September, attract many visitors to these places.
Those who pass through this parish will necessarily have to visit some tourist itineraries of reference, such as the Miradouros do Pico Longo and Pôr-do-sol, the Wheat Museum and the Alameda dos Plátanos.
Land with 4.528,00 m2. 2 Fronts, one with 70 Meters and the other with 25 Meters. 5 Minutes from Vila da Povoação. Land with 4.528,00 m2 2 Fronts, one with 70 Meters and the
other with 25 Meters
5 Minutes from the Village of Povoação
Located on one of the slopes of the village, the parish of Nossa Senhora dos Remédios consists of the Lombas do Loução and Alcaide, elevated to this condition in 1957.
The toponym of "Loução", attributed to Lomba, had its origin in the name of a João de Loução, a personality of the mid-sixteenth century, who, it seems, built a caravel at an entrance to the Povoação basin. In turn, the name of the other Lomba, indicates the place where the Ferreiras de Azevedo who were Alcaides da Povoação in the seventeenth century had their
seat.With 1,112 inhabitants and being the third most populous parish of the county, Nossa Senhora dos Remédios lives, above all, from agriculture.
The festivities of São João, in June, Espírito Santo da Lomba do Alcaide and the patron saint, Na. Sra. dos Remédios, which takes place on the third weekend of September, attract many visitors to these places.
Those who pass through this parish will necessarily have to visit some tourist itineraries of reference, such as the Miradouros do Pico Longo and Pôr-do-sol, the Wheat Museum and the Alameda dos Plátanos.
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Currency Exchange
Povoação, Ilha de São Miguel, Portugal, 9650-250
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 €79,950 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 |
|---|---|---|---|
| €79,950 | £66,223 | £68,713 | £2,490 |
| Property Price € | €79,950 |
| Minimum cost in the last six months | £66,223 |
| Maximum cost in the last six months | £68,713 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,490 |
Povoação, Ilha de São Miguel, Portugal, 9650-250
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 €79,950 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 |
|---|---|---|---|
| €79,950 | £66,223 | £68,713 | £2,490 |
| Property Price € | €79,950 |
| Minimum cost in the last six months | £66,223 |
| Maximum cost in the last six months | £68,713 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,490 |
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 £2,490 more.
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