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NEW DEVELOPMENT - FUNCHAL - THE HILLS
Funchal, Ilha da Madeira, Portugal, 9000-098
REF: 865861
€290,000
Description
Modern Apartments for Sale Introducing The Hills, a testament to a new lifestyle where sophistication and comfort harmonize seamlessly. Nestled in the burgeoning Virtudes area, one of Funchal's newest residential zones, this development features architecture that pays homage to the traditional residences that define its surroundings.
Comprising 8 blocks across three floors (ground, first, and second), The Hills encompasses a total of 104 residences, including T1 and T2 types, along with penthouses crowning the summits. Each apartment is accompanied by a designated parking space and a storage room in the basement of its respective block.
Standout features of this development include its meticulously planned communal spaces, notably the enticing swimming pool with an expansive solarium, lush green expanses, and ample visitor parking. Take advantage of Madeira's temperate climate to indulge in year-round poolside enjoyment.
Designed for practicality in daily living, the apartments offer equipped kitchens in an open space layout, pre-installed air conditioning in all rooms, and spacious balconies featuring barbecue areas many boasting panoramic sea and garden views of Funchal Bay. Cherish precious family moments in this inviting setting.
True to its name, The Hills invites you to be captivated by the charm of these verdant slopes. Contact us, and let us assist you in turning your dream into reality!
Construction Commencement: February 2024
Anticipated Completion Date: December 2025.
CONDITIONS FOR RESERVATION AND PURCHASE
3% on reservation (duaration 48 hours)
10% on the beginning of construction and 10% 6 months after
Remainder on completion of project, on the day of the deed.
Modern Apartments for Sale Introducing The Hills, a testament to a new lifestyle where sophistication and comfort harmonize seamlessly. Nestled in the burgeoning Virtudes area, one of Funchal's newest residential zones, this development features architecture that pays homage to the traditional residences that define its surroundings.
Comprising 8 blocks across three floors (ground, first, and second), The Hills encompasses a total of 104 residences, including T1 and T2 types, along with penthouses crowning the summits. Each apartment is accompanied by a designated parking space and a storage room in the basement of its respective block.
Standout features of this development include its meticulously planned communal spaces, notably the enticing swimming pool with an expansive solarium, lush green expanses, and ample visitor parking. Take advantage of Madeira's temperate climate to indulge in year-round poolside enjoyment.
Designed for practicality in daily living, the apartments offer equipped kitchens in an open space layout, pre-installed air conditioning in all rooms, and spacious balconies featuring barbecue areas many boasting panoramic sea and garden views of Funchal Bay. Cherish precious family moments in this inviting setting.
True to its name, The Hills invites you to be captivated by the charm of these verdant slopes. Contact us, and let us assist you in turning your dream into reality!
Construction Commencement: February 2024
Anticipated Completion Date: December 2025.
CONDITIONS FOR RESERVATION AND PURCHASE
3% on reservation (duaration 48 hours)
10% on the beginning of construction and 10% 6 months after
Remainder on completion of project, on the day of the deed.
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Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9000-098
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 €290,000 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 |
|---|---|---|---|
| €290,000 | £240,210 | £249,241 | £9,031 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £240,210 |
| Maximum cost in the last six months | £249,241 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,031 |
Funchal, Ilha da Madeira, Portugal, 9000-098
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 €290,000 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 |
|---|---|---|---|
| €290,000 | £240,210 | £249,241 | £9,031 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £240,210 |
| Maximum cost in the last six months | £249,241 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,031 |
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 £9,031 more.
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