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Land with enormous potential for the development of projects linked to agriculture or other sectors of activity, in the well-known Vila de Rabo de Peixe – São Miguel Island
Ribeira Grande, Ilha de São Miguel, Portugal
REF: 832094
€595,000
Description
Land with enormous potential for the development of projects linked to agriculture or other sectors of activity, in the well-known Vila de Rabo de Peixe – São Miguel Island. The excellent accessibility, its location and its size give this land a unique investment opportunity, as its construction potential is enormous. Next to the public road there is a house with annexes in need of renovation/conservation in order to meet current levels of comfort and well-being. According to the current Ribeira Grande Municipal Master Plan, this land has a portion located in a low-density area and another in a medium-density area, which allows the current buildings to be maintained and another house to be built in the medium-density area. This information, obtained from the competent services of Ribeira Grande City Council, requires consultation and confirmation, so we suggest prior consultation. For more information, don't hesitate, contact us, we will be ready to help you make the deal of a lifetime. IAD is a network of independent real estate consultants ready to help you make your dreams come true. It is present throughout the country, but also operates in Spain, France, Italy, Germany, the United Kingdom, Mexico and the state of Florida. #ref: 118215
Land with enormous potential for the development of projects linked to agriculture or other sectors of activity, in the well-known Vila de Rabo de Peixe – São Miguel Island. The excellent accessibility, its location and its size give this land a unique investment opportunity, as its construction potential is enormous. Next to the public road there is a house with annexes in need of renovation/conservation in order to meet current levels of comfort and well-being. According to the current Ribeira Grande Municipal Master Plan, this land has a portion located in a low-density area and another in a medium-density area, which allows the current buildings to be maintained and another house to be built in the medium-density area. This information, obtained from the competent services of Ribeira Grande City Council, requires consultation and confirmation, so we suggest prior consultation. For more information, don't hesitate, contact us, we will be ready to help you make the deal of a lifetime. IAD is a network of independent real estate consultants ready to help you make your dreams come true. It is present throughout the country, but also operates in Spain, France, Italy, Germany, the United Kingdom, Mexico and the state of Florida. #ref: 118215
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Currency Exchange
Ribeira Grande, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £492,844 | £511,373 | £18,528 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £492,844 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,528 |
Ribeira Grande, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £492,844 | £511,373 | £18,528 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £492,844 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,528 |
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 £18,528 more.
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