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Property with 1,9ha, 135 sqm house with borehole and solar panels in Monchique
Monchique, Faro, Portugal, 8550-275
REF: 797191
€135,000
Description
Property of 19,360 sq.m., with a good-sized house (135 sq.m.) located on a large, very flat area of the property. This is one of the unique features of this property, the generously sized flat area which means there is plenty of usable space on the property.The property has a borehole for water supply.A system of solar panels has been installed to supply electricity.These two investments have already been made in the property, so they are costs (and time spent) that are already included in this sale.The property is about 15 kilometres from the village of Monchique and has a dirt track access, but the road is in reasonable condition.The property has a mountainous area, but also a large flat area, which makes this property very interesting.The property has several cork oaks and strawberry trees.If you dream of living in a beautiful, peaceful, very green location in the heart of the Serra de Monchique, this is the place for you!
Property of 19,360 sq.m., with a good-sized house (135 sq.m.) located on a large, very flat area of the property. This is one of the unique features of this property, the generously sized flat area which means there is plenty of usable space on the property.The property has a borehole for water supply.A system of solar panels has been installed to supply electricity.These two investments have already been made in the property, so they are costs (and time spent) that are already included in this sale.The property is about 15 kilometres from the village of Monchique and has a dirt track access, but the road is in reasonable condition.The property has a mountainous area, but also a large flat area, which makes this property very interesting.The property has several cork oaks and strawberry trees.If you dream of living in a beautiful, peaceful, very green location in the heart of the Serra de Monchique, this is the place for you!
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Currency Exchange
Monchique, Faro, Portugal, 8550-275
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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,227 | £116,026 | £4,799 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,227 |
| Maximum cost in the last six months | £116,026 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,799 |
Monchique, Faro, Portugal, 8550-275
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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,227 | £116,026 | £4,799 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,227 |
| Maximum cost in the last six months | £116,026 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,799 |
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 £4,799 more.
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