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Luxury 2 bedroom apartments in Pena
Funchal, Ilha da Madeira, Portugal, 9050-097
REF: 910428
€1,500,000
Description
2 bedroom apartments in a luxury development located in the Pena area of Funchal. 2 bedroom apartments in a superior quality development that redefines opulent living with Exclusive Residences, presenting unparalleled luxury and contemporary sophistication.
Each unit features a harmonious blend of exquisite design and luxurious amenities.
Development consisting of only 36 fractions of typology T1, T2 and T3, state-of-the-art gym and several swimming pools, some residences have the added charm of a private pool, while an indoor garden provides an oasis of tranquility.
All fractions with generous areas and large windows that integrate the internal spaces with the external environment and favor your stunning and unobstructed view.
The completion of the project is scheduled for December 2025.
Let yourself be enveloped by an Exclusive environment, where Luxury has no Limits.
2 bedroom apartments in a luxury development located in the Pena area of Funchal. 2 bedroom apartments in a superior quality development that redefines opulent living with Exclusive Residences, presenting unparalleled luxury and contemporary sophistication.
Each unit features a harmonious blend of exquisite design and luxurious amenities.
Development consisting of only 36 fractions of typology T1, T2 and T3, state-of-the-art gym and several swimming pools, some residences have the added charm of a private pool, while an indoor garden provides an oasis of tranquility.
All fractions with generous areas and large windows that integrate the internal spaces with the external environment and favor your stunning and unobstructed view.
The completion of the project is scheduled for December 2025.
Let yourself be enveloped by an Exclusive environment, where Luxury has no Limits.
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Property on Map
Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9050-097
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,242,465 | £1,289,175 | £46,710 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,242,465 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,710 |
Funchal, Ilha da Madeira, Portugal, 9050-097
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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,242,465 | £1,289,175 | £46,710 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,242,465 |
| Maximum cost in the last six months | £1,289,175 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £46,710 |
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 £46,710 more.
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