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Magnificent land of 30 hectares with a large ruin
Portimão, Faro, Portugal
REF: 718163
€835,000
Description
Magnificent land of 30 hectares with a large ruin. Excellent location just 6 km from Meia Praia and the beaches of Alvor and Portimão and a step away from the A22 and N125 motorway. It comprises a 236 m² ruin registered as a dwelling, and 30 hectares of arable crops, olive trees, cork oaks, carob trees and almond trees. Ideal for a community project or rural tourism! The layout of the land offers many possibilities for development and consists of a beautiful flat area suitable for an agricultural activity. The land has easy access via a road that goes around half of the land. The house has a well and is also connected to the public electricity network. Located a few kilometers from Mexilhoeira Grande, and close to the south coast, this property is a unique opportunity to combine country life, while remaining close to amenities, beaches and access to motorways. Come visit this beautiful land! #ref: 96317
Magnificent land of 30 hectares with a large ruin. Excellent location just 6 km from Meia Praia and the beaches of Alvor and Portimão and a step away from the A22 and N125 motorway. It comprises a 236 m² ruin registered as a dwelling, and 30 hectares of arable crops, olive trees, cork oaks, carob trees and almond trees. Ideal for a community project or rural tourism! The layout of the land offers many possibilities for development and consists of a beautiful flat area suitable for an agricultural activity. The land has easy access via a road that goes around half of the land. The house has a well and is also connected to the public electricity network. Located a few kilometers from Mexilhoeira Grande, and close to the south coast, this property is a unique opportunity to combine country life, while remaining close to amenities, beaches and access to motorways. Come visit this beautiful land! #ref: 96317
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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 €835,000 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 |
|---|---|---|---|
| €835,000 | £691,639 | £717,641 | £26,002 |
| Property Price € | €835,000 |
| Minimum cost in the last six months | £691,639 |
| Maximum cost in the last six months | £717,641 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,002 |
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 €835,000 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 |
|---|---|---|---|
| €835,000 | £691,639 | £717,641 | £26,002 |
| Property Price € | €835,000 |
| Minimum cost in the last six months | £691,639 |
| Maximum cost in the last six months | £717,641 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £26,002 |
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 £26,002 more.
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