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Apartment front sea line Funchal 4 bedroom
Funchal, Ilha da Madeira, Portugal
REF: 597360
€1,100,000
Description
Luxury apartment in resort style development 4 bedroom apartment on the front sea line with fabulous unobstructed views, large areas, inserted in one of the most exclusive condominiums in Funchal, located on Estrada Monumental close to all amenities and services.
The apartment offers a breathtaking and definitive view of the ocean, Praia Formosa and Cabo Girão. The property also has parking for three cars and a storage room with 12 square meters.
It is a closed condominium, with three swimming pools, gym, lobby and concierge for its residents.
The condominium is just a two-minute walk from the popular Forum Madeira shopping centre.
Luxury apartment in resort style development 4 bedroom apartment on the front sea line with fabulous unobstructed views, large areas, inserted in one of the most exclusive condominiums in Funchal, located on Estrada Monumental close to all amenities and services.
The apartment offers a breathtaking and definitive view of the ocean, Praia Formosa and Cabo Girão. The property also has parking for three cars and a storage room with 12 square meters.
It is a closed condominium, with three swimming pools, gym, lobby and concierge for its residents.
The condominium is just a two-minute walk from the popular Forum Madeira shopping centre.
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Currency Exchange
Funchal, Ilha da Madeira, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £923,252 | £948,816 | £25,564 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £923,252 |
| Maximum cost in the last six months | £948,816 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,564 |
Funchal, Ilha da Madeira, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £923,252 | £948,816 | £25,564 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £923,252 |
| Maximum cost in the last six months | £948,816 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,564 |
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 £25,564 more.
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