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Located right in the center of Vila da Povoação, we present this house with a typical architecture of the municipality of Povoação, where the basalt and the size of its divisions stand out in our view
Povoação, Ilha de São Miguel, Portugal
REF: 713082
€350,000
Description
Located right in the center of Vila da Povoação, we present this house with a typical architecture of the municipality of Povoação, where the basalt and the size of its divisions stand out in our view. With a gross construction area of 580 m2 and a gross dependent area of 377 m2, this villa has enormous potential for the development of a very interesting housing project, given its generous areas and privileged location. On the ground floor we find a space recently used for commercial purposes and also a very well decorated and pleasant bar/pub. Entrance to the first floor is via the side door at the top of the staircase or at the rear of the house, via a staircase with direct access to the backyard and ground floor. The existence of this differentiated access to the house gives it enormous potential for the development of a project with different aspects and functionalities. Therefore, it is a unique opportunity since tourism in the municipality of Povoação has been growing in recent years. It has ex-libris much sought after by visitors such as Furnas, Ribeira Quente among others. Excellent investment opportunity. Call or contact us for more information. (+351 913033303) [email protected] #ref: 99627
Located right in the center of Vila da Povoação, we present this house with a typical architecture of the municipality of Povoação, where the basalt and the size of its divisions stand out in our view. With a gross construction area of 580 m2 and a gross dependent area of 377 m2, this villa has enormous potential for the development of a very interesting housing project, given its generous areas and privileged location. On the ground floor we find a space recently used for commercial purposes and also a very well decorated and pleasant bar/pub. Entrance to the first floor is via the side door at the top of the staircase or at the rear of the house, via a staircase with direct access to the backyard and ground floor. The existence of this differentiated access to the house gives it enormous potential for the development of a project with different aspects and functionalities. Therefore, it is a unique opportunity since tourism in the municipality of Povoação has been growing in recent years. It has ex-libris much sought after by visitors such as Furnas, Ribeira Quente among others. Excellent investment opportunity. Call or contact us for more information. (+351 913033303) [email protected] #ref: 99627
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Currency Exchange
Povoação, Ilha de São Miguel, 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 €350,000 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 |
|---|---|---|---|
| €350,000 | £289,909 | £300,808 | £10,899 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £289,909 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,899 |
Povoação, Ilha de São Miguel, 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 €350,000 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 |
|---|---|---|---|
| €350,000 | £289,909 | £300,808 | £10,899 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £289,909 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,899 |
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 £10,899 more.
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