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Partially converted Algarvian farmhouse with 6 hectares (14
União das Freguesias de Alcoutim e Pereiro, Faro, Portugal
REF: 896406
€245,000
Description
Partially converted Algarvian farmhouse with 6 hectares (14.5 acres) of land and unspoiled views across the countryside. Incredible opportunity to develop this idyllic property, with the possibility of turning it into a rural tourism or agricultural project. Also good for horses / livestock. Beautifully designed layout complete with courtyard, original stone features, 6 bedrooms, 5 bathrooms and ample living space making the most of the views. Swimming pool subject to planning permission. Situated in the quiet Village of Sao Martinho, just outside the white washed town of Alcoutim which lies on the river border with Spain. Alcoutim is popular with tourists who come to see the 14th Century Moorish Castle and architecture, and enjoy walking, biking and fishing in the area. Only 45km/35 minutes to some of the best beaches in the Algarve. 30 minutes to the Spanish border, Ayamonte and seaside castle town of Castro Marim. 1hr to Faro Airport. Contact us for more information or arrange a visit.
Partially converted Algarvian farmhouse with 6 hectares (14.5 acres) of land and unspoiled views across the countryside. Incredible opportunity to develop this idyllic property, with the possibility of turning it into a rural tourism or agricultural project. Also good for horses / livestock. Beautifully designed layout complete with courtyard, original stone features, 6 bedrooms, 5 bathrooms and ample living space making the most of the views. Swimming pool subject to planning permission. Situated in the quiet Village of Sao Martinho, just outside the white washed town of Alcoutim which lies on the river border with Spain. Alcoutim is popular with tourists who come to see the 14th Century Moorish Castle and architecture, and enjoy walking, biking and fishing in the area. Only 45km/35 minutes to some of the best beaches in the Algarve. 30 minutes to the Spanish border, Ayamonte and seaside castle town of Castro Marim. 1hr to Faro Airport. Contact us for more information or arrange a visit.
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Currency Exchange
União das Freguesias de Alcoutim e Pereiro, 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 €245,000 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 |
|---|---|---|---|
| €245,000 | £202,936 | £210,565 | £7,629 |
| Property Price € | €245,000 |
| Minimum cost in the last six months | £202,936 |
| Maximum cost in the last six months | £210,565 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,629 |
União das Freguesias de Alcoutim e Pereiro, 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 €245,000 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 |
|---|---|---|---|
| €245,000 | £202,936 | £210,565 | £7,629 |
| Property Price € | €245,000 |
| Minimum cost in the last six months | £202,936 |
| Maximum cost in the last six months | £210,565 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,629 |
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 £7,629 more.
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