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Farm 12
Silves, Faro, Portugal
REF: 867570
€1,049,200
Description
Great farm with 12.2 hectares of land with spectacular views and sun exposure. New house (under construction, expected completion date of November 2024) with 3 suites, an open space kitchen, a dining room and a living room, an office, a pantry and a closed garage. There is the possibility of highlighting the house and around 8,000m2 of land and the remaining part of the land around 114,000.00 which may be eligible for community funds for tourism or agricultural projects. The land has a daughter-in-law and its own well water. If you are interested, I would be happy to clarify any doubts and schedule a visit to the farm.
Great farm with 12.2 hectares of land with spectacular views and sun exposure. New house (under construction, expected completion date of November 2024) with 3 suites, an open space kitchen, a dining room and a living room, an office, a pantry and a closed garage. There is the possibility of highlighting the house and around 8,000m2 of land and the remaining part of the land around 114,000.00 which may be eligible for community funds for tourism or agricultural projects. The land has a daughter-in-law and its own well water. If you are interested, I would be happy to clarify any doubts and schedule a visit to the farm.
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Currency Exchange
Silves, 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 €1,049,200 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 |
|---|---|---|---|
| €1,049,200 | £870,983 | £902,616 | £31,633 |
| Property Price € | €1,049,200 |
| Minimum cost in the last six months | £870,983 |
| Maximum cost in the last six months | £902,616 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,633 |
Silves, 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 €1,049,200 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 |
|---|---|---|---|
| €1,049,200 | £870,983 | £902,616 | £31,633 |
| Property Price € | €1,049,200 |
| Minimum cost in the last six months | £870,983 |
| Maximum cost in the last six months | £902,616 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,633 |
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 £31,633 more.
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