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Spectacular farm estate divided into two fully fenced plots
Olhão, Faro, Portugal
REF: 932757
€398,000
Description
Spectacular farm estate divided into two fully fenced plots. The first, a 12,292 m² plot, is prepared for intensive or biological farming with highly fertile soils. It has a borehole for irrigation and electricity supply. The second plot, with an area of 1,160 m², contains two houses that require renovation, with a total built area of 74 m² and 40 m². The property has all the essential characteristics for the development of self-sustaining tourist projects or agricultural projects. There can be study a planning permission for the construction of a 300 m² residential house or up to 500 m² for services. Access to the property is very good, and it is close to the best beaches on the Algarve coast. Faro (4 km) and Faro Airport (6 km) are nearby, along with various services, restaurants, and petrol stations. Don’t miss this investment opportunity. Schedule your visit now. Exempt from SCE, pursuant to subparagraph g) of paragraph 2 of article 18 of Decree-Law No. 101-D/220, of December 7th. #ref: 133072
Spectacular farm estate divided into two fully fenced plots. The first, a 12,292 m² plot, is prepared for intensive or biological farming with highly fertile soils. It has a borehole for irrigation and electricity supply. The second plot, with an area of 1,160 m², contains two houses that require renovation, with a total built area of 74 m² and 40 m². The property has all the essential characteristics for the development of self-sustaining tourist projects or agricultural projects. There can be study a planning permission for the construction of a 300 m² residential house or up to 500 m² for services. Access to the property is very good, and it is close to the best beaches on the Algarve coast. Faro (4 km) and Faro Airport (6 km) are nearby, along with various services, restaurants, and petrol stations. Don’t miss this investment opportunity. Schedule your visit now. Exempt from SCE, pursuant to subparagraph g) of paragraph 2 of article 18 of Decree-Law No. 101-D/220, of December 7th. #ref: 133072
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Currency Exchange
Olhão, 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 €398,000 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 |
|---|---|---|---|
| €398,000 | £327,912 | £336,744 | £8,832 |
| Property Price € | €398,000 |
| Minimum cost in the last six months | £327,912 |
| Maximum cost in the last six months | £336,744 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,832 |
Olhão, 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 €398,000 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 |
|---|---|---|---|
| €398,000 | £327,912 | £336,744 | £8,832 |
| Property Price € | €398,000 |
| Minimum cost in the last six months | £327,912 |
| Maximum cost in the last six months | £336,744 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,832 |
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 £8,832 more.
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