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Land for sale in popular visited viewpoint, Monchique in Algarve
Monchique, Portugal
REF: 739195
€690,000
Description
High potencial is best titel for that property located in Monchique, Algarve, south Portugal. The land is 800 metres above sea level and gieves great views on all Algavre. It is situated on a south-facing slope. There are numerous water sources, including the well known tourist destination of Fonte Santa. The land includes some flat areas ideal for agriculture. The plot is close to the National Road 125, which leads to the peak of the Algarve - the Foia Mountain. There is a lot of tourist traffic during the whole year. There are numerous car parking facilities available to accommodate tourists. In addition, the area is suitable for building, after the project has been approved by the local council. Applications are accepted for * (TER) Turismo em Espaco Rural (500 m2 for residential use and 2000 m2 for other uses) or a hotel with a minimum rating of three stars. The maximum number of beds that would be allowed is 108. In the past was approved (PIP) Pedido de Informa o Pr via, to build hotel with 50 rooms and construction permission 5 000 m2. The locality is marked on a map of cycling, walking and motorbike routes. Many tourists are attracted to the area by the stunning views and the water. The nearest essential services, including a grocery store, pharmacy, doctors, fire department, petrol station and school, are in 6km from the property. Distance form airport 90 km Distance to the beach 32 km
High potencial is best titel for that property located in Monchique, Algarve, south Portugal. The land is 800 metres above sea level and gieves great views on all Algavre. It is situated on a south-facing slope. There are numerous water sources, including the well known tourist destination of Fonte Santa. The land includes some flat areas ideal for agriculture. The plot is close to the National Road 125, which leads to the peak of the Algarve - the Foia Mountain. There is a lot of tourist traffic during the whole year. There are numerous car parking facilities available to accommodate tourists. In addition, the area is suitable for building, after the project has been approved by the local council. Applications are accepted for * (TER) Turismo em Espaco Rural (500 m2 for residential use and 2000 m2 for other uses) or a hotel with a minimum rating of three stars. The maximum number of beds that would be allowed is 108. In the past was approved (PIP) Pedido de Informa o Pr via, to build hotel with 50 rooms and construction permission 5 000 m2. The locality is marked on a map of cycling, walking and motorbike routes. Many tourists are attracted to the area by the stunning views and the water. The nearest essential services, including a grocery store, pharmacy, doctors, fire department, petrol station and school, are in 6km from the property. Distance form airport 90 km Distance to the beach 32 km
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Currency Exchange
Monchique, 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 €690,000 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 |
|---|---|---|---|
| €690,000 | £571,534 | £593,021 | £21,487 |
| Property Price € | €690,000 |
| Minimum cost in the last six months | £571,534 |
| Maximum cost in the last six months | £593,021 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,487 |
Monchique, 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 €690,000 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 |
|---|---|---|---|
| €690,000 | £571,534 | £593,021 | £21,487 |
| Property Price € | €690,000 |
| Minimum cost in the last six months | £571,534 |
| Maximum cost in the last six months | £593,021 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,487 |
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 £21,487 more.
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