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Property with approximately 19,000 m | Sea view | Pedra Arrancada | Height
Castro Marim, Faro, Portugal, 8950-432
REF: 927094
€700,000
Description
Located in a peaceful area surrounded by nature, this 19,000 m hill offers incredible potential for those seeking tranquility and connection with the rural environment. The property has several existing houses, with an area of approximately 300 m , which can be renovated, remodeled or even rebuilt, adapting to the taste and needs of the future owner. With an incredible view of the sea, this property stands out as a unique opportunity for the development of a charming tourist unit or for the construction of a new exclusive villa, integrating comfort and modern design into the traditional setting. One of the great advantages of this mountain is its privileged location: outside areas designated as a national agricultural reserve and in an area with low fire levels, classified as a level 1 zone. This additional security makes the property even more attractive, especially for anyone looking for a safe investment or a peaceful refuge. With ample space for gardens, orchards or other projects, this property combines versatility, privacy and a breathtaking landscape. Perfect for transforming into an exclusive and personalized project, whether for your own home or for tourism. Get in touch and schedule your visit
Located in a peaceful area surrounded by nature, this 19,000 m hill offers incredible potential for those seeking tranquility and connection with the rural environment. The property has several existing houses, with an area of approximately 300 m , which can be renovated, remodeled or even rebuilt, adapting to the taste and needs of the future owner. With an incredible view of the sea, this property stands out as a unique opportunity for the development of a charming tourist unit or for the construction of a new exclusive villa, integrating comfort and modern design into the traditional setting. One of the great advantages of this mountain is its privileged location: outside areas designated as a national agricultural reserve and in an area with low fire levels, classified as a level 1 zone. This additional security makes the property even more attractive, especially for anyone looking for a safe investment or a peaceful refuge. With ample space for gardens, orchards or other projects, this property combines versatility, privacy and a breathtaking landscape. Perfect for transforming into an exclusive and personalized project, whether for your own home or for tourism. Get in touch and schedule your visit
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Currency Exchange
Castro Marim, Faro, Portugal, 8950-432
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £601,615 | £24,885 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,885 |
Castro Marim, Faro, Portugal, 8950-432
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £601,615 | £24,885 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,885 |
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 £24,885 more.
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