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Detached single-storey house, with six divisions, in need of restoration
Santana, Ilha da Madeira, Portugal
REF: 623063
€85,000
Description
Detached single-storey house, with six divisions, in need of restoration. The property also has a typical Santana house, uninhabitable, in need of deep recovery. It has a garden/horticultural area. Located in lower area of the parish of Santana, served by good access and close to several places of interest of the locality. "Excluded from the SCE, under the terms of paragraph g) of no. 2 of article 18 of Decree-Law no. 101-D/2020, of 7 December. Founded in France, in May 2008, by three experts in the real estate sector, iad is based on a visionary concept that fuses real estate, the web and network marketing. The iad comes to dematerialize the agencies (shops), promoting a close relationship between the real estate consultant and the client, providing a more competitive service to those who want to buy, rent or sell a property. What does the XXI century client look for when he decides to buy, rent or sell a property? He looks for a complete, uncomplicated and competitive service. That is what we offer you at iad. We don't have shops, our consultants come to meet you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy necessary to guarantee you a personalised follow-up in the implementation of your project, whether it be to buy, rent or sell a property. At iad you will find a property consultant to suit your needs. #ref: 84953
Detached single-storey house, with six divisions, in need of restoration. The property also has a typical Santana house, uninhabitable, in need of deep recovery. It has a garden/horticultural area. Located in lower area of the parish of Santana, served by good access and close to several places of interest of the locality. "Excluded from the SCE, under the terms of paragraph g) of no. 2 of article 18 of Decree-Law no. 101-D/2020, of 7 December. Founded in France, in May 2008, by three experts in the real estate sector, iad is based on a visionary concept that fuses real estate, the web and network marketing. The iad comes to dematerialize the agencies (shops), promoting a close relationship between the real estate consultant and the client, providing a more competitive service to those who want to buy, rent or sell a property. What does the XXI century client look for when he decides to buy, rent or sell a property? He looks for a complete, uncomplicated and competitive service. That is what we offer you at iad. We don't have shops, our consultants come to meet you, with access to the latest training in the sector and a platform of exclusive tools that allow them to provide you with the best service wherever you are. We give our consultants the flexibility and autonomy necessary to guarantee you a personalised follow-up in the implementation of your project, whether it be to buy, rent or sell a property. At iad you will find a property consultant to suit your needs. #ref: 84953
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Currency Exchange
Santana, 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 €85,000 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 |
|---|---|---|---|
| €85,000 | £70,406 | £73,053 | £2,647 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £70,406 |
| Maximum cost in the last six months | £73,053 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,647 |
Santana, 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 €85,000 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 |
|---|---|---|---|
| €85,000 | £70,406 | £73,053 | £2,647 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £70,406 |
| Maximum cost in the last six months | £73,053 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,647 |
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 £2,647 more.
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