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This 3-bedroom flat is located in a prime area of the city, Barreiros, close to services and the city centre
Funchal, Ilha da Madeira, Portugal
REF: 860423
€606,000
Description
This 3-bedroom flat is located in a prime area of the city, Barreiros, close to services and the city centre. This development aims to be a reference in the city's architecture, also benefiting from the fact that it has only 10 units and is in a gated community, Quintinha da Fé. Associated with these elements is the quality of the construction and the materials characteristic of its developer and builder. The property at 2nd floor, has two parking spaces and a storage room. The balconies, totalling 31m2, are a highlight. These flats will have clear signs of beauty, sophistication and comfort in their finishes, based on their high quality. The characteristics of the development will give its future owners a space of great light, tranquillity and luxury, further enhanced by its swimming pool located on the building's fabulous 360º rooftop. This is undoubtedly the reality you've always been looking for in your daily life. #ref: 123788
This 3-bedroom flat is located in a prime area of the city, Barreiros, close to services and the city centre. This development aims to be a reference in the city's architecture, also benefiting from the fact that it has only 10 units and is in a gated community, Quintinha da Fé. Associated with these elements is the quality of the construction and the materials characteristic of its developer and builder. The property at 2nd floor, has two parking spaces and a storage room. The balconies, totalling 31m2, are a highlight. These flats will have clear signs of beauty, sophistication and comfort in their finishes, based on their high quality. The characteristics of the development will give its future owners a space of great light, tranquillity and luxury, further enhanced by its swimming pool located on the building's fabulous 360º rooftop. This is undoubtedly the reality you've always been looking for in your daily life. #ref: 123788
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Currency Exchange
Funchal, 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 €606,000 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 |
|---|---|---|---|
| €606,000 | £499,283 | £520,827 | £21,543 |
| Property Price € | €606,000 |
| Minimum cost in the last six months | £499,283 |
| Maximum cost in the last six months | £520,827 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,543 |
Funchal, 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 €606,000 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 |
|---|---|---|---|
| €606,000 | £499,283 | £520,827 | £21,543 |
| Property Price € | €606,000 |
| Minimum cost in the last six months | £499,283 |
| Maximum cost in the last six months | £520,827 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,543 |
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 £21,543 more.
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