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Land in Santo António, Funchal
Funchal, Ilha da Madeira, Portugal, 9020-311
REF: 699470
€280,000
Description
Land with 1710 square meters, with several fruit trees, located in Santo António, with sea and mountain views, being possible the construction of a villa.
On the ground there are two structures of the haystack type, both of which need more works to have habitability.
Located according to the PDM in dispersed building area is ideal for villa type farm, taking advantage of the fact that it is inserted in quiet area and with agricultural aspect, also adding to the advantage of having good accessibility to Funchal and being very close to the new hospital and Madeira Shopping,
It can also , taking into account its size and constraints for urban projects, is a land with good characteristics for a tourist project of Bungalows, taking advantage of what already exists and building others, and from there take a source of income.
If you are looking for a quiet place with rural characteristics about 10 minutes from the center of Funchal, to live or tourist investment in the conditions mentioned above, you should contact us.
Land with 1710 square meters, with several fruit trees, located in Santo António, with sea and mountain views, being possible the construction of a villa.
On the ground there are two structures of the haystack type, both of which need more works to have habitability.
Located according to the PDM in dispersed building area is ideal for villa type farm, taking advantage of the fact that it is inserted in quiet area and with agricultural aspect, also adding to the advantage of having good accessibility to Funchal and being very close to the new hospital and Madeira Shopping,
It can also , taking into account its size and constraints for urban projects, is a land with good characteristics for a tourist project of Bungalows, taking advantage of what already exists and building others, and from there take a source of income.
If you are looking for a quiet place with rural characteristics about 10 minutes from the center of Funchal, to live or tourist investment in the conditions mentioned above, you should contact us.
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Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9020-311
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 €280,000 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 |
|---|---|---|---|
| €280,000 | £231,927 | £240,646 | £8,719 |
| Property Price € | €280,000 |
| Minimum cost in the last six months | £231,927 |
| Maximum cost in the last six months | £240,646 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,719 |
Funchal, Ilha da Madeira, Portugal, 9020-311
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 €280,000 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 |
|---|---|---|---|
| €280,000 | £231,927 | £240,646 | £8,719 |
| Property Price € | €280,000 |
| Minimum cost in the last six months | £231,927 |
| Maximum cost in the last six months | £240,646 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,719 |
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 £8,719 more.
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