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Detached house, to recover, in a quiet area in the Algarve mountains
Tavira, Faro, Portugal, 8800-020
REF: 712651
€61,000
Description
If you want to invest in a quiet area in the middle of nature, in the middle of Serra do Caldeirão, here you will find a good option for a holiday home or to monetize as local accommodation.This villa is located in Feiteira, 10 km from Cachopo, and 26 km from São Brás de Alportel.It needs recovery, having sewers, electricity, and water at the door.Surrounded by houses recovered by some foreign clients, it is an excellent investment option for a holiday home or to place on the seasonal rental market.It has land overlooking the mountains, and at the front, there is a patio/deck great for relaxing and enjoying the sounds of Nature.We share 50% of business with all authorized intermediaries with an AMI license because we know that together we can do more for our customersWe also have support in the financing process through a Credit Intermediary Authorized by the Bank of Portugal.
If you want to invest in a quiet area in the middle of nature, in the middle of Serra do Caldeirão, here you will find a good option for a holiday home or to monetize as local accommodation.This villa is located in Feiteira, 10 km from Cachopo, and 26 km from São Brás de Alportel.It needs recovery, having sewers, electricity, and water at the door.Surrounded by houses recovered by some foreign clients, it is an excellent investment option for a holiday home or to place on the seasonal rental market.It has land overlooking the mountains, and at the front, there is a patio/deck great for relaxing and enjoying the sounds of Nature.We share 50% of business with all authorized intermediaries with an AMI license because we know that together we can do more for our customersWe also have support in the financing process through a Credit Intermediary Authorized by the Bank of Portugal.
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Currency Exchange
Tavira, Faro, Portugal, 8800-020
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 €61,000 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 |
|---|---|---|---|
| €61,000 | £50,527 | £52,426 | £1,900 |
| Property Price € | €61,000 |
| Minimum cost in the last six months | £50,527 |
| Maximum cost in the last six months | £52,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,900 |
Tavira, Faro, Portugal, 8800-020
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 €61,000 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 |
|---|---|---|---|
| €61,000 | £50,527 | £52,426 | £1,900 |
| Property Price € | €61,000 |
| Minimum cost in the last six months | £50,527 |
| Maximum cost in the last six months | £52,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,900 |
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 £1,900 more.
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