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Mixed Land with 3,051sqm and Ruin for Rehabilitation in Casas Novas - Castro Marim We present an excellent investment opportunity in Casas Novas, Castro Marim
Castro Marim, Faro, Portugal
REF: 896204
€55,000
Description
Mixed Land with 3,051sqm and Ruin for Rehabilitation in Casas Novas - Castro Marim We present an excellent investment opportunity in Casas Novas, Castro Marim. This mixed-use property offers: Total area: 3,051sqm Urban area: 91sqm, including a 61sqm ruin with great rehabilitation potential. Rustic area: Featuring carob trees that add value to the land. Infrastructure: Water and electricity: Public network connections available nearby. Prime location: Only 10 minutes from the stunning beaches of the Algarve. 10 minutes from Castro Marim's town center and the Spanish border (Ayamonte). 50 minutes from Faro International Airport. Schedule your visit today! Turn this property into the project of your dreams. About Casas do Sotavento: Founded in 2000, Casas do Sotavento is a leading real estate agency in the eastern Algarve. With a strong focus on technological development, we are present in over 220 national and international portals as well as on various social media platforms. What sets us apart: Personalized support: Tailored solutions to meet each client's needs. Professionalism: Ensuring meticulous management of mediation contracts and buying and selling processes. Expert consultancy: We provide full support throughout the process, using modern technologies to ensure successful transactions. Contact us today! We are here to assist you every step of the way in buying or selling your property.
Mixed Land with 3,051sqm and Ruin for Rehabilitation in Casas Novas - Castro Marim We present an excellent investment opportunity in Casas Novas, Castro Marim. This mixed-use property offers: Total area: 3,051sqm Urban area: 91sqm, including a 61sqm ruin with great rehabilitation potential. Rustic area: Featuring carob trees that add value to the land. Infrastructure: Water and electricity: Public network connections available nearby. Prime location: Only 10 minutes from the stunning beaches of the Algarve. 10 minutes from Castro Marim's town center and the Spanish border (Ayamonte). 50 minutes from Faro International Airport. Schedule your visit today! Turn this property into the project of your dreams. About Casas do Sotavento: Founded in 2000, Casas do Sotavento is a leading real estate agency in the eastern Algarve. With a strong focus on technological development, we are present in over 220 national and international portals as well as on various social media platforms. What sets us apart: Personalized support: Tailored solutions to meet each client's needs. Professionalism: Ensuring meticulous management of mediation contracts and buying and selling processes. Expert consultancy: We provide full support throughout the process, using modern technologies to ensure successful transactions. Contact us today! We are here to assist you every step of the way in buying or selling your property.
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Currency Exchange
Castro Marim, 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 €55,000 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 |
|---|---|---|---|
| €55,000 | £45,315 | £46,535 | £1,220 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £45,315 |
| Maximum cost in the last six months | £46,535 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,220 |
Castro Marim, 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 €55,000 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 |
|---|---|---|---|
| €55,000 | £45,315 | £46,535 | £1,220 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £45,315 |
| Maximum cost in the last six months | £46,535 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,220 |
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 £1,220 more.
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