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Come and discover this fabulous apartment, located in Caniço de Baixo, one of the most sought after areas, in the fabulous pearl of the Atlantic
Santa Cruz, Ilha da Madeira, Portugal
REF: 850593
€380,000
Description
Come and discover this fabulous apartment, located in Caniço de Baixo, one of the most sought after areas, in the fabulous pearl of the Atlantic. This property has sea views and is just a 5-minute walk from Praia dos Reis Magos. Ideal for those looking for quality of life, with easy access to services and leisure, namely, bakery, supermarket, restaurant, cafe, diving center, etc. This apartment is perfect for those looking for space and comfort combined with modernity. The living room faces south, receiving plenty of natural light, providing a pleasant environment for convivial moments. The property has great energy efficiency, has three bedrooms with great areas, two bathrooms, storage room and two spaces in a collective garage. The apartment is suitable for local accommodation and can easily be licensed for that purpose. Whether you are an investor or a family client, you will find this property an excellent business opportunity with a solid return! We work with specialized partners who provide great financing solutions. Schedule your visit! #ref: 121612
Come and discover this fabulous apartment, located in Caniço de Baixo, one of the most sought after areas, in the fabulous pearl of the Atlantic. This property has sea views and is just a 5-minute walk from Praia dos Reis Magos. Ideal for those looking for quality of life, with easy access to services and leisure, namely, bakery, supermarket, restaurant, cafe, diving center, etc. This apartment is perfect for those looking for space and comfort combined with modernity. The living room faces south, receiving plenty of natural light, providing a pleasant environment for convivial moments. The property has great energy efficiency, has three bedrooms with great areas, two bathrooms, storage room and two spaces in a collective garage. The apartment is suitable for local accommodation and can easily be licensed for that purpose. Whether you are an investor or a family client, you will find this property an excellent business opportunity with a solid return! We work with specialized partners who provide great financing solutions. Schedule your visit! #ref: 121612
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Currency Exchange
Santa Cruz, 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 €380,000 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 |
|---|---|---|---|
| €380,000 | £318,942 | £327,773 | £8,831 |
| Property Price € | €380,000 |
| Minimum cost in the last six months | £318,942 |
| Maximum cost in the last six months | £327,773 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,831 |
Santa Cruz, 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 €380,000 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 |
|---|---|---|---|
| €380,000 | £318,942 | £327,773 | £8,831 |
| Property Price € | €380,000 |
| Minimum cost in the last six months | £318,942 |
| Maximum cost in the last six months | £327,773 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,831 |
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 £8,831 more.
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