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Land on the front line and over the sea
Ribeira Brava, Ilha da Madeira, Portugal, 9350-103
REF: 751189
€690,000
Description
1. Magnificent plot with 8420m2, located on the first line, facing South with excellent sun exposure and with a fantastic view of the sea and west of Madeira with the sunset seen from there, something indescribable.
Magnificent plot with 8420m2, located on the first line and over the sea facing south with excellent sun exposure and with a fantastic view of the sea and west of Madeira being the sunset seen from there, something indescribable.
With a stunning sea view, with beautiful sunsets, you can build an infinity pool, to the ocean, as a backdrop.
On this land, as the documentation is, it is possible to build a house up to 200 m2, but it is possible, after some documentary diligence, to build two houses up to 200 m2.
This land is also ideal for demanding and exclusive investors, with a construction index of 1.0, for tourism developments.
SN YOUR TRUSTED REAL ESTATE AGENCY!
1. Magnificent plot with 8420m2, located on the first line, facing South with excellent sun exposure and with a fantastic view of the sea and west of Madeira with the sunset seen from there, something indescribable.
Magnificent plot with 8420m2, located on the first line and over the sea facing south with excellent sun exposure and with a fantastic view of the sea and west of Madeira being the sunset seen from there, something indescribable.
With a stunning sea view, with beautiful sunsets, you can build an infinity pool, to the ocean, as a backdrop.
On this land, as the documentation is, it is possible to build a house up to 200 m2, but it is possible, after some documentary diligence, to build two houses up to 200 m2.
This land is also ideal for demanding and exclusive investors, with a construction index of 1.0, for tourism developments.
SN YOUR TRUSTED REAL ESTATE AGENCY!
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Property on Map
Currency Exchange
Ribeira Brava, Ilha da Madeira, Portugal, 9350-103
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 €690,000 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 |
|---|---|---|---|
| €690,000 | £571,534 | £593,021 | £21,487 |
| Property Price € | €690,000 |
| Minimum cost in the last six months | £571,534 |
| Maximum cost in the last six months | £593,021 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,487 |
Ribeira Brava, Ilha da Madeira, Portugal, 9350-103
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 €690,000 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 |
|---|---|---|---|
| €690,000 | £571,534 | £593,021 | £21,487 |
| Property Price € | €690,000 |
| Minimum cost in the last six months | £571,534 |
| Maximum cost in the last six months | £593,021 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,487 |
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 £21,487 more.
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