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Land for construction, located in Lombo do Cunha, São Jorge, in the municipality of Santana
Santana, Ilha da Madeira, Portugal
REF: 860728
€110,000
Description
Land for construction, located in Lombo do Cunha, São Jorge, in the municipality of Santana. The land is located at an altitude of 435 meters above sea level and offers panoramic views of the Atlantic Ocean and the surrounding area. The construction index is 0.6%, with the possibility of building a private villa or commercial establishment up to 9 meters high, with up to 4 floors. It has direct access to the road, easy connection to water and electricity. Calhau Beach 2.8 km Faial Beach 5 km São Jorge School 2.5 km Continente supermarket in Santana 8.5 km away Airport 20km If you are looking for a quiet place to build a house, to enjoy the sunrise and the breathtaking view - contact us! #ref: 115099
Land for construction, located in Lombo do Cunha, São Jorge, in the municipality of Santana. The land is located at an altitude of 435 meters above sea level and offers panoramic views of the Atlantic Ocean and the surrounding area. The construction index is 0.6%, with the possibility of building a private villa or commercial establishment up to 9 meters high, with up to 4 floors. It has direct access to the road, easy connection to water and electricity. Calhau Beach 2.8 km Faial Beach 5 km São Jorge School 2.5 km Continente supermarket in Santana 8.5 km away Airport 20km If you are looking for a quiet place to build a house, to enjoy the sunrise and the breathtaking view - contact us! #ref: 115099
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Currency Exchange
Santana, 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 €110,000 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 |
|---|---|---|---|
| €110,000 | £91,114 | £94,540 | £3,425 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £91,114 |
| Maximum cost in the last six months | £94,540 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,425 |
Santana, 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 €110,000 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 |
|---|---|---|---|
| €110,000 | £91,114 | £94,540 | £3,425 |
| Property Price € | €110,000 |
| Minimum cost in the last six months | £91,114 |
| Maximum cost in the last six months | £94,540 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,425 |
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 £3,425 more.
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