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Discover the true Azorean charm in this unique property in Lugar do Terreiro, Ribeiras, on Pico Island! Here, tradition and nature merge in a house and annex totaling 140m², set on an 895m² plot, both constructed in the local basalt stone
Lajes do Pico, Ilha do Pico, Portugal
REF: 900464
€130,000
Description
Discover the true Azorean charm in this unique property in Lugar do Terreiro, Ribeiras, on Pico Island! Here, tradition and nature merge in a house and annex totaling 140m², set on an 895m² plot, both constructed in the local basalt stone. Imagine waking up to a breathtaking view: the Atlantic Ocean in front and the southern Pico mountains as your backdrop, all bathed in sunlight throughout the day. Just steps away, hiking trails invite you to explore untouched nature, and a 5-minute walk leads you to natural pools for refreshing swims and serene moments. This is the essence of the Azores: pure beauty, harmony with nature, and an authentic lifestyle unique to Pico Island. This location is perfect: only 10 minutes from the historic Vila Baleeira das Lajes do Pico, where the island’s whaling culture comes to life; 25 minutes from São Roque and its port; and 45 minutes from the lively village of Madalena. The airport is just 40 minutes away, ensuring convenient access for tourists and travelers eager to experience Azorean life. While the house and annex need renovation, this is a rare chance to create a Rural Tourism or Local Accommodation project that exudes authenticity and charm. Transform this property into an unforgettable retreat where every detail reflects the Azorean way of life. Perfect for those looking to invest on the island, this is an ideal space for a personal or tourism project sure to captivate every visitor’s heart. Open the doors to a dream of living—and hosting—in the heart of Azorean paradise! #ref: 128409
Discover the true Azorean charm in this unique property in Lugar do Terreiro, Ribeiras, on Pico Island! Here, tradition and nature merge in a house and annex totaling 140m², set on an 895m² plot, both constructed in the local basalt stone. Imagine waking up to a breathtaking view: the Atlantic Ocean in front and the southern Pico mountains as your backdrop, all bathed in sunlight throughout the day. Just steps away, hiking trails invite you to explore untouched nature, and a 5-minute walk leads you to natural pools for refreshing swims and serene moments. This is the essence of the Azores: pure beauty, harmony with nature, and an authentic lifestyle unique to Pico Island. This location is perfect: only 10 minutes from the historic Vila Baleeira das Lajes do Pico, where the island’s whaling culture comes to life; 25 minutes from São Roque and its port; and 45 minutes from the lively village of Madalena. The airport is just 40 minutes away, ensuring convenient access for tourists and travelers eager to experience Azorean life. While the house and annex need renovation, this is a rare chance to create a Rural Tourism or Local Accommodation project that exudes authenticity and charm. Transform this property into an unforgettable retreat where every detail reflects the Azorean way of life. Perfect for those looking to invest on the island, this is an ideal space for a personal or tourism project sure to captivate every visitor’s heart. Open the doors to a dream of living—and hosting—in the heart of Azorean paradise! #ref: 128409
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Currency Exchange
Lajes do Pico, Ilha do Pico, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £107,680 | £111,729 | £4,048 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £107,680 |
| Maximum cost in the last six months | £111,729 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,048 |
Lajes do Pico, Ilha do Pico, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £107,680 | £111,729 | £4,048 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £107,680 |
| Maximum cost in the last six months | £111,729 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,048 |
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 £4,048 more.
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