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This luxury house, ideally situated with a breathtaking view of the sea from Ponta do Sol, offers an atmosphere of tranquillity and elegance
Ponta do Sol, Ilha da Madeira, Portugal
REF: 827302
€2,050,000
Description
This luxury house, ideally situated with a breathtaking view of the sea from Ponta do Sol, offers an atmosphere of tranquillity and elegance. The property has 3 spacious bedrooms, each equipped with private bathrooms, decorated with high-quality materials and a modern, sophisticated design. The social area of the house is an open-plan concept that harmoniously integrates the living room and kitchen, both with large panoramic windows that offer a continuous view of the ocean, allowing plenty of natural light to flood in. The living room is spacious and ideal for entertaining, while the kitchen is modern, equipped with state-of-the-art appliances and a central island perfect for preparing meals while enjoying the scenery. Outside, the house has a marvellous infinity pool where you can relax while gazing at the sea horizon, as well as a well-kept garden that provides a peaceful and private setting. The garage is 121 m², with enough space for several cars, and includes an extra area that can be converted into a games room or private gym, making the house perfect for both leisure time and maintaining an exercise routine without having to leave the house. This residence offers a unique combination of luxury, comfort and stunning sea views, ideal for those looking for a dream home with all the necessary amenities. Construction will be complete by the end of 2024. #ref: 116974
This luxury house, ideally situated with a breathtaking view of the sea from Ponta do Sol, offers an atmosphere of tranquillity and elegance. The property has 3 spacious bedrooms, each equipped with private bathrooms, decorated with high-quality materials and a modern, sophisticated design. The social area of the house is an open-plan concept that harmoniously integrates the living room and kitchen, both with large panoramic windows that offer a continuous view of the ocean, allowing plenty of natural light to flood in. The living room is spacious and ideal for entertaining, while the kitchen is modern, equipped with state-of-the-art appliances and a central island perfect for preparing meals while enjoying the scenery. Outside, the house has a marvellous infinity pool where you can relax while gazing at the sea horizon, as well as a well-kept garden that provides a peaceful and private setting. The garage is 121 m², with enough space for several cars, and includes an extra area that can be converted into a games room or private gym, making the house perfect for both leisure time and maintaining an exercise routine without having to leave the house. This residence offers a unique combination of luxury, comfort and stunning sea views, ideal for those looking for a dream home with all the necessary amenities. Construction will be complete by the end of 2024. #ref: 116974
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Currency Exchange
Ponta do Sol, 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 €2,050,000 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 |
|---|---|---|---|
| €2,050,000 | £1,688,995 | £1,779,585 | £90,590 |
| Property Price € | €2,050,000 |
| Minimum cost in the last six months | £1,688,995 |
| Maximum cost in the last six months | £1,779,585 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £90,590 |
Ponta do Sol, 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 €2,050,000 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 |
|---|---|---|---|
| €2,050,000 | £1,688,995 | £1,779,585 | £90,590 |
| Property Price € | €2,050,000 |
| Minimum cost in the last six months | £1,688,995 |
| Maximum cost in the last six months | £1,779,585 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £90,590 |
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 £90,590 more.
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