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NEW TO THE MARKET! TO RENOVATE OR CARRY OUT YOUR PROJECT
Loulé, Faro, Portugal
REF: 835493
€295,000
Description
NEW TO THE MARKET! TO RENOVATE OR CARRY OUT YOUR PROJECT. FARM WITH ONE HOUSE AND A TOTAL AREA OF 7000m2. SEA VIEW! This property has a 100m2 house for habitation, which can be rebuilt/expanded with the approval of the Town Hall. It comprises an urban and a rustic property, sold only together, with excellent sun exposure, unobstructed views and several trees, such as carob, almond and olive trees. The property is fully fenced, has mains water and has electricity nearby, although it will be necessary to ask EDP for the power to be switched off. Access is via a tarmac road, except for the last 100 metres. A 10-minute drive from the centre of Loulé, 5 minutes from the A22 (Via do Infante), 20 minutes from Faro Airport and 15 minutes from the beaches of Quarteira and Vilamoura. Excellent opportunity. Book your visit now! AMI 11220 iad is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at iad. Our consultants come to meet you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. #ref: 119649
NEW TO THE MARKET! TO RENOVATE OR CARRY OUT YOUR PROJECT. FARM WITH ONE HOUSE AND A TOTAL AREA OF 7000m2. SEA VIEW! This property has a 100m2 house for habitation, which can be rebuilt/expanded with the approval of the Town Hall. It comprises an urban and a rustic property, sold only together, with excellent sun exposure, unobstructed views and several trees, such as carob, almond and olive trees. The property is fully fenced, has mains water and has electricity nearby, although it will be necessary to ask EDP for the power to be switched off. Access is via a tarmac road, except for the last 100 metres. A 10-minute drive from the centre of Loulé, 5 minutes from the A22 (Via do Infante), 20 minutes from Faro Airport and 15 minutes from the beaches of Quarteira and Vilamoura. Excellent opportunity. Book your visit now! AMI 11220 iad is a network of independent property consultants based on a fully innovative model that breaks with the traditional concept of a real estate agency. What are 21st century clients looking for when they decide to buy, rent or sell a property? They are looking for a complete, uncomplicated and competitive service. That's what we offer at iad. Our consultants come to meet you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. #ref: 119649
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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 €295,000 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 |
|---|---|---|---|
| €295,000 | £245,405 | £253,883 | £8,478 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £245,405 |
| Maximum cost in the last six months | £253,883 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,478 |
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 €295,000 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 |
|---|---|---|---|
| €295,000 | £245,405 | £253,883 | £8,478 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £245,405 |
| Maximum cost in the last six months | £253,883 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,478 |
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 £8,478 more.
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