Apartments for Sale in Funchal

Funchal, Ilha da Madeira, Portugal

For Sale

€455,000

REF: 865799 €455,000


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Description

Apartments for Sale in Funchal Located in one of the best areas in Funchal with good infrastructure, commerce, services and well-served access and transportation. The building has been completely remodelled into 4 apartments, all with two bedrooms. Prices depending on the location are subject to change. Top floors with ocean views. Quickly becoming the preferred choice of holiday destination Madeira is now becoming an excellent choice for those wishing to retire. 1) Excellent Tax advantages.

As well as the Non-habitual tax regime, there is no inheritance and gift tax and no wealth tax in Portugal. 2) The Golden Visa - It seems experts and clients alike share a common belief that Portugal s Golden Visa Scheme is outstanding in terms of the conditions required, the qualifying period in the new country and the quality of life provided. 3) Strict planning permissions that secure the natural beauty and limit the supply of new properties keeping demand high. 4) The country is politically stable, it has no terrorism 5) Rental yield on average still remains one of the highest in Europe with properties being rented for many weeks of the year. 6) Cultural Richness.

One of the oldest and richest cultures in Europe and the legacy of its former wealth and power can be seen in its historical sites. Among the sites inscribed in the World Heritage List of UNESCO, 13 are located in Portugal. 7) The Portuguese are warm, friendly and welcoming whether you are on holiday or a new neighbour. 8) One of the lowest crime rates in Europe and the capital was recently voted the safest in Europe. 9) The cost of daily living is incredibly low. 10) Based on the prices in the UK, Paris, Spain and France, prices of property in Portugal are still very affordable 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 personalized 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.Villa For Sale in Ponta do Sol with a swimming pool and ocean views! Located in Ponta do Sol about 20 minutes from Funchal and known as one of the warmest areas in Madeira, this beautiful bungalow is set to be completed at the end of 2022. Consisting of two floors and three bedrooms, two of which are en suite, an open plan lounge and dining room, a fully equipped kitchen.

Garden and Swimming Pool! Like other suburbs and townships in the area, Ponta do Sol is benefiting from substantial growth and development as the emerging Madeira property market continues to develop. The neighbourhood benefits from excellent local amenities such as supermarket, coffee shops, public transport etc Schedule your viewing today!
Apartments for Sale in Funchal Located in one of the best areas in Funchal with good infrastructure, commerce, services and well-served access and transportation. The building has been completely remodelled into 4 apartments, all with two bedrooms. Prices depending on the location are subject to change. Top floors with ocean views. Quickly becoming the preferred choice of holiday destination Madeira is now becoming an excellent choice for those wishing to retire. 1) Excellent Tax advantages.

As well as the Non-habitual tax regime, there is no inheritance and gift tax and no wealth tax in Portugal. 2) The Golden Visa - It seems experts and clients alike share a common belief that Portugal s Golden Visa Scheme is outstanding in terms of the conditions required, the qualifying period in the new country and the quality of life provided. 3) Strict planning permissions that secure the natural beauty and limit the supply of new properties keeping demand high. 4) The country is politically stable, it has no terrorism 5) Rental yield on average still remains one of the highest in Europe with properties being rented for many weeks of the year. 6) Cultural Richness.

One of the oldest and richest cultures in Europe and the legacy of its former wealth and power can be seen in its historical sites. Among the sites inscribed in the World Heritage List of UNESCO, 13 are located in Portugal. 7) The Portuguese are warm, friendly and welcoming whether you are on holiday or a new neighbour. 8) One of the lowest crime rates in Europe and the capital was recently voted the safest in Europe. 9) The cost of daily living is incredibly low. 10) Based on the prices in the UK, Paris, Spain and France, prices of property in Portugal are still very affordable 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 personalized 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.Villa For Sale in Ponta do Sol with a swimming pool and ocean views! Located in Ponta do Sol about 20 minutes from Funchal and known as one of the warmest areas in Madeira, this beautiful bungalow is set to be completed at the end of 2022. Consisting of two floors and three bedrooms, two of which are en suite, an open plan lounge and dining room, a fully equipped kitchen.

Garden and Swimming Pool! Like other suburbs and townships in the area, Ponta do Sol is benefiting from substantial growth and development as the emerging Madeira property market continues to develop. The neighbourhood benefits from excellent local amenities such as supermarket, coffee shops, public transport etc Schedule your viewing today!
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Property on Map

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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 €455,000 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
€455,000 £376,881 £391,050 £14,169
Property Price € €455,000
Minimum cost in the last six months £376,881
Maximum cost in the last six months £391,050
Fluctuating exchange rates over the last six months could have increased the cost of this property by £14,169

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 €455,000 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
€455,000 £376,881 £391,050 £14,169
Property Price € €455,000
Minimum cost in the last six months £376,881
Maximum cost in the last six months £391,050
Fluctuating exchange rates over the last six months could have increased the cost of this property by £14,169

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 £14,169 more.

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