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Building Land - Great Opportunity
São Vicente, Ilha da Madeira, Portugal, 9241-908
REF: 848241
€85,000
Description
Land with 570 m2, with excellent sun exposure and a good view of the sea.
This property is located in the lower area of the parish of Ponta Delgada, a place in the north of the island with a mild climate and pleasant surroundings, with good access to the sea.
Due to the fact that it is in an area of Housing Spaces, according to the PDM of São Vicente, single-family detached, semi-detached or terraced housing buildings are built in this place, with the following conditions:
(a) maximum land use index: 1;
b) Soil sealing index: 75%;
c) Maximum height of the building: 13.5m;
d) Maximum façade height: 10.5m
Don't hesitate to contact us!
SN Real Estate - Madeira. Island. Home.
"Where every property tells a story, every client lives a dream!"
Land with 570 m2, with excellent sun exposure and a good view of the sea.
This property is located in the lower area of the parish of Ponta Delgada, a place in the north of the island with a mild climate and pleasant surroundings, with good access to the sea.
Due to the fact that it is in an area of Housing Spaces, according to the PDM of São Vicente, single-family detached, semi-detached or terraced housing buildings are built in this place, with the following conditions:
(a) maximum land use index: 1;
b) Soil sealing index: 75%;
c) Maximum height of the building: 13.5m;
d) Maximum façade height: 10.5m
Don't hesitate to contact us!
SN Real Estate - Madeira. Island. Home.
"Where every property tells a story, every client lives a dream!"
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Property on Map
Currency Exchange
São Vicente, Ilha da Madeira, Portugal, 9241-908
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 |
São Vicente, Ilha da Madeira, Portugal, 9241-908
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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