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T2 under construction in the centre of Funchal
Funchal, Ilha da Madeira, Portugal, 9050-017
REF: 504502
€550,000
Description
2 bedroom apartment, under construction, in the center of Funchal, with a terrace of 51 m2 New T2, under construction, in the center of Funchal, with a terrace of 51m2, for your relax or socializing with family or friends.
This excellent 2 bedroom apartment consists of 2 suites, living room and kitchen with direct access to the terrace, with good areas, social toilet and also 2 covered parking lots, in the garage.
The location of this building is privileged, since it is on a street without buses and with less car movement.
Although it is situated in a quiet area of the center of Funchal, it is very close to all services such as supermarkets, shopping center, farmers market, town hall, cathedral, schools, bakeries, cafes, restaurants and bars.
On foot and in a few minutes, you will be in any of the services mentioned, as well as on our Avenida do Mar.
The materials applied are of excellent quality and you can customize them to your liking, until a certain stage of construction.
With these launch prices is an excellent investment, with great guaranteed profitability, even in the rental market.
Contact to learn
moreSN YOUR RELIABLE REAL ESTATE
2 bedroom apartment, under construction, in the center of Funchal, with a terrace of 51 m2 New T2, under construction, in the center of Funchal, with a terrace of 51m2, for your relax or socializing with family or friends.
This excellent 2 bedroom apartment consists of 2 suites, living room and kitchen with direct access to the terrace, with good areas, social toilet and also 2 covered parking lots, in the garage.
The location of this building is privileged, since it is on a street without buses and with less car movement.
Although it is situated in a quiet area of the center of Funchal, it is very close to all services such as supermarkets, shopping center, farmers market, town hall, cathedral, schools, bakeries, cafes, restaurants and bars.
On foot and in a few minutes, you will be in any of the services mentioned, as well as on our Avenida do Mar.
The materials applied are of excellent quality and you can customize them to your liking, until a certain stage of construction.
With these launch prices is an excellent investment, with great guaranteed profitability, even in the rental market.
Contact to learn
moreSN YOUR RELIABLE REAL ESTATE
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Property on Map
Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9050-017
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
Funchal, Ilha da Madeira, Portugal, 9050-017
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
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 £17,127 more.
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