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Plot of land for construction with an area of 1520 m2, located on Caminho do Pico street in São Jorge, on a flat surface with direct access to the tarmac road
Santana, Ilha da Madeira, Portugal
REF: 846874
€90,000
Description
Plot of land for construction with an area of 1520 m2, located on Caminho do Pico street in São Jorge, on a flat surface with direct access to the tarmac road. The water from the levadas runs through the land, allowing it to be used for watering the vegetable garden or the flower beds. Easy access to electricity for future construction and residential use. Authorized for the construction of a 200 m2 residential or tourist house or for the construction of commercial premises such as a restaurant, café, store, warehouse or other use. Next to the plot is a wooded area and the famous Levada do Rei, a popular destination for tourists all year round. There is a restaurant opposite the property and it is a 10-minute drive to the center of São Jorge, where you will find a pharmacy, a school, a bakery, a furniture store, cafés and restaurants. The Continente supermarket in Santana is 9 km away. The airport is 22 km away. Funchal 42 km away. Count on our assistance and professionalism. IAD Portugal shares the business with all real estate consultants or agencies 50/50. If you are in the real estate business and have a buyer client, contact me to arrange a visit. #ref: 120877
Plot of land for construction with an area of 1520 m2, located on Caminho do Pico street in São Jorge, on a flat surface with direct access to the tarmac road. The water from the levadas runs through the land, allowing it to be used for watering the vegetable garden or the flower beds. Easy access to electricity for future construction and residential use. Authorized for the construction of a 200 m2 residential or tourist house or for the construction of commercial premises such as a restaurant, café, store, warehouse or other use. Next to the plot is a wooded area and the famous Levada do Rei, a popular destination for tourists all year round. There is a restaurant opposite the property and it is a 10-minute drive to the center of São Jorge, where you will find a pharmacy, a school, a bakery, a furniture store, cafés and restaurants. The Continente supermarket in Santana is 9 km away. The airport is 22 km away. Funchal 42 km away. Count on our assistance and professionalism. IAD Portugal shares the business with all real estate consultants or agencies 50/50. If you are in the real estate business and have a buyer client, contact me to arrange a visit. #ref: 120877
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Currency Exchange
Santana, Ilha da Madeira, 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 €90,000 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 |
|---|---|---|---|
| €90,000 | £74,548 | £77,351 | £2,803 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,548 |
| Maximum cost in the last six months | £77,351 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,803 |
Santana, Ilha da Madeira, 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 €90,000 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 |
|---|---|---|---|
| €90,000 | £74,548 | £77,351 | £2,803 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,548 |
| Maximum cost in the last six months | £77,351 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,803 |
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 £2,803 more.
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