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Property totalling 12 hectares, with several rustic items and 3 urban items
Loulé, Faro, Portugal
REF: 783012
€599,000
Description
Property totalling 12 hectares, with several rustic items and 3 urban items. A central semi-detached house has 2 units, one side in a habitable state, with 2 floors, 3 bedrooms, living room, dining room, 2 bathrooms, kitchen and 122 m2. The other side of the house has only 80 m2, one bedroom, a lounge, a kitchen and a bathroom. It needs renovation. The third item is a ruin of 80 m2. It's viable for up to 2,000 square metres for housing and 5,000 square metres for rural tourism. It has a borehole, water tank and outbuildings. This property is situated in a residential and rural area, and is right in the centre of the village, which is between the towns of Paderne, in the municipality of Albufeira, where the Carnival and Medieval Fair are held every year, and the charming town of Alte, in the municipality of Loulé, which is very popular for its water springs and the famous Queda do Vigário (Alte Waterfall). At IAD, we have a concept of virtual showcasing of our properties on more than 200 property portals, both nationally and predominantly internationally. I look forward to hearing from you with any questions or to arrange a visit, either in person or virtually. #ref: 110002
Property totalling 12 hectares, with several rustic items and 3 urban items. A central semi-detached house has 2 units, one side in a habitable state, with 2 floors, 3 bedrooms, living room, dining room, 2 bathrooms, kitchen and 122 m2. The other side of the house has only 80 m2, one bedroom, a lounge, a kitchen and a bathroom. It needs renovation. The third item is a ruin of 80 m2. It's viable for up to 2,000 square metres for housing and 5,000 square metres for rural tourism. It has a borehole, water tank and outbuildings. This property is situated in a residential and rural area, and is right in the centre of the village, which is between the towns of Paderne, in the municipality of Albufeira, where the Carnival and Medieval Fair are held every year, and the charming town of Alte, in the municipality of Loulé, which is very popular for its water springs and the famous Queda do Vigário (Alte Waterfall). At IAD, we have a concept of virtual showcasing of our properties on more than 200 property portals, both nationally and predominantly internationally. I look forward to hearing from you with any questions or to arrange a visit, either in person or virtually. #ref: 110002
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Currency Exchange
Loulé, 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 €599,000 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 |
|---|---|---|---|
| €599,000 | £496,158 | £514,811 | £18,653 |
| Property Price € | €599,000 |
| Minimum cost in the last six months | £496,158 |
| Maximum cost in the last six months | £514,811 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,653 |
Loulé, 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 €599,000 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 |
|---|---|---|---|
| €599,000 | £496,158 | £514,811 | £18,653 |
| Property Price € | €599,000 |
| Minimum cost in the last six months | £496,158 |
| Maximum cost in the last six months | £514,811 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,653 |
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 £18,653 more.
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