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Excellent investment opportunity, in the area of Construction, or Allotment
São Brás de Alportel, Faro, Portugal
REF: 871431
€325,000
Description
Excellent investment opportunity, in the area of Construction, or Allotment. House with land in an urban area with 4300 m2, available for subdivision, construction of several houses. In a quiet area surrounded by nature. This land is located 5 mns from the village of São Brás de Alportel, it is flat. You can demolish the existing house (almost a ruin), as the flat land gives you the possibility of building several houses, it already has electricity and mains water, with sewers located nearby. The land has good access, the street has little traffic, which guarantees greater privacy. In terms of vegetation, the land mainly has carob trees, olive trees, holm oaks and fig trees, which provides a unique, pleasant natural landscape for obtaining fruit and extra income. Furthermore, it has a panoramic view over the countryside, allowing residents to enjoy spectacular panoramic views. Don't miss this opportunity to invest in the Algarve! In a calm and peaceful area! Contact me for more information… #ref: 124259
Excellent investment opportunity, in the area of Construction, or Allotment. House with land in an urban area with 4300 m2, available for subdivision, construction of several houses. In a quiet area surrounded by nature. This land is located 5 mns from the village of São Brás de Alportel, it is flat. You can demolish the existing house (almost a ruin), as the flat land gives you the possibility of building several houses, it already has electricity and mains water, with sewers located nearby. The land has good access, the street has little traffic, which guarantees greater privacy. In terms of vegetation, the land mainly has carob trees, olive trees, holm oaks and fig trees, which provides a unique, pleasant natural landscape for obtaining fruit and extra income. Furthermore, it has a panoramic view over the countryside, allowing residents to enjoy spectacular panoramic views. Don't miss this opportunity to invest in the Algarve! In a calm and peaceful area! Contact me for more information… #ref: 124259
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Currency Exchange
São Brás de Alportel, 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 €325,000 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 |
|---|---|---|---|
| €325,000 | £267,768 | £279,321 | £11,554 |
| Property Price € | €325,000 |
| Minimum cost in the last six months | £267,768 |
| Maximum cost in the last six months | £279,321 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,554 |
São Brás de Alportel, 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 €325,000 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 |
|---|---|---|---|
| €325,000 | £267,768 | £279,321 | £11,554 |
| Property Price € | €325,000 |
| Minimum cost in the last six months | £267,768 |
| Maximum cost in the last six months | £279,321 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,554 |
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 £11,554 more.
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