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Three plots of land together, located next to a paved road, on Caminho do Pico, São Jorge, in the municipality of Santana
Santana, Ilha da Madeira, Portugal
REF: 846887
€90,000
Description
Three plots of land together, located next to a paved road, on Caminho do Pico, São Jorge, in the municipality of Santana. The plots are situated on a plain, at an altitude of around 600 meters above sea level, in a tourist area, around 50 meters from the start of the famous Levada do Rei, where there is always a large concentration of tourists. This location offers various building possibilities: a private villa, tourist accommodation or a 200 square meter commercial space ON EACH LOT. Easy connection to water and electricity. The water from the levadas runs alongside the plots and can be used to water the garden or vegetable plots. Calhau beach 6.6 km away. Praia da Rocha de Baixo 4.7 km away Restaurant Quinta Levada do Rei 20 m São Jorge School 2.8 km Continente supermarket in Santana 8.5 km Funchal Airport 29 km. 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: 115110
Three plots of land together, located next to a paved road, on Caminho do Pico, São Jorge, in the municipality of Santana. The plots are situated on a plain, at an altitude of around 600 meters above sea level, in a tourist area, around 50 meters from the start of the famous Levada do Rei, where there is always a large concentration of tourists. This location offers various building possibilities: a private villa, tourist accommodation or a 200 square meter commercial space ON EACH LOT. Easy connection to water and electricity. The water from the levadas runs alongside the plots and can be used to water the garden or vegetable plots. Calhau beach 6.6 km away. Praia da Rocha de Baixo 4.7 km away Restaurant Quinta Levada do Rei 20 m São Jorge School 2.8 km Continente supermarket in Santana 8.5 km Funchal Airport 29 km. 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: 115110
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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 | £74,151 | £77,351 | £3,200 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,151 |
| 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 | £3,200 |
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 | £74,151 | £77,351 | £3,200 |
| Property Price € | €90,000 |
| Minimum cost in the last six months | £74,151 |
| 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 | £3,200 |
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 £3,200 more.
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