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Urban plot in Machico
Machico, Ilha da Madeira, Portugal
REF: 865753
€130,000
Description
Urban plot located in prime area of Machico behind the Health Centre with 430m2.
Flat
Fabulous view.
Residential area.
Building a home requires some thought. Some of the building procedures include ; Obtaining and submitting all relevant project-specific documents (for example, building plans, site maps and certificates of urbanism) to the authorities.
Hiring external third-party supervisors, engineers or inspectors (if necessary).
Obtaining all necessary clearances, licenses, permits and certificates.
Submitting all required notifications.
Requesting and receiving all necessary inspections (unless completed by a hired private, third-party inspector).
Obtaining connections for water and sewerage.
ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.
Urban plot located in prime area of Machico behind the Health Centre with 430m2.
Flat
Fabulous view.
Residential area.
Building a home requires some thought. Some of the building procedures include ; Obtaining and submitting all relevant project-specific documents (for example, building plans, site maps and certificates of urbanism) to the authorities.
Hiring external third-party supervisors, engineers or inspectors (if necessary).
Obtaining all necessary clearances, licenses, permits and certificates.
Submitting all required notifications.
Requesting and receiving all necessary inspections (unless completed by a hired private, third-party inspector).
Obtaining connections for water and sewerage.
ABOUT PRIME PROPERTIES MADEIRA REAL ESTATE
Discover the perfect home for you in Madeira, Portugal today!
Prime Properties Madeira Real Estate is a local, well-established, licensed, real estate agency providing a complete service to international buyers looking to invest in Madeira, Portugal whether for holiday homes or permanent living residence. Our properties include villas, houses, quintas, apartments, land and commercial properties. We also offer a PROPERTY FINDING SERVICE, working with a few select real estate agencies in Madeira to deliver a personalised service through the entire purchase process from viewings, negotiation, legal expertise, mortgages, relocation etc. We pride ourselves on working together to European standards of honesty, integrity and transparency. We provide excellent after sales service.
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Property on Map
Currency Exchange
Machico, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £109,112 | £112,133 | £3,021 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £109,112 |
| Maximum cost in the last six months | £112,133 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,021 |
Machico, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £109,112 | £112,133 | £3,021 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £109,112 |
| Maximum cost in the last six months | £112,133 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,021 |
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 £3,021 more.
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