Search
New Development in São Martinho – Quality, Prestige and an Excellent Investment Opportunity We present an exclusive development in São Martinho, one of the most sought-after and rapidly growing areas in the city
Funchal, Ilha da Madeira, Portugal
REF: 958921
€360,000
Description
New Development in São Martinho – Quality, Prestige and an Excellent Investment Opportunity We present an exclusive development in São Martinho, one of the most sought-after and rapidly growing areas in the city. With 42 units ranging from T1 to T2, this project combines high construction quality, a prime location, and strong appreciation potential, with prices starting from €300,000 to €520,000. About the Development: Strategic Location: A growing area with new services and infrastructure. Renowned Developer: Construction by a well-established company known for excellence in high-end projects. Available Typologies: T1 and T2 apartments with functional spaces and modern layouts. Superior Finishes: Contemporary interiors, fully fitted kitchens, and premium materials throughout. Convenience and Proximity: Essential services nearby and easy access to Funchal’s beaches. Terms and Timeline: Construction Period: Approximately 18 months Purchase Terms: ✓ CPCV – 20% ✓ STRUCTURAL STAGE PAYMENT – 10% ✓ REMAINING 70% – Upon deed/signing Investment Option: Potential for resale with high value appreciation due to the area's development. Get in touch for more information and secure your unit with exclusive conditions. Invest with confidence in a distinctive project offering quality, location, and strong profitability potential. #ref: 140370
New Development in São Martinho – Quality, Prestige and an Excellent Investment Opportunity We present an exclusive development in São Martinho, one of the most sought-after and rapidly growing areas in the city. With 42 units ranging from T1 to T2, this project combines high construction quality, a prime location, and strong appreciation potential, with prices starting from €300,000 to €520,000. About the Development: Strategic Location: A growing area with new services and infrastructure. Renowned Developer: Construction by a well-established company known for excellence in high-end projects. Available Typologies: T1 and T2 apartments with functional spaces and modern layouts. Superior Finishes: Contemporary interiors, fully fitted kitchens, and premium materials throughout. Convenience and Proximity: Essential services nearby and easy access to Funchal’s beaches. Terms and Timeline: Construction Period: Approximately 18 months Purchase Terms: ✓ CPCV – 20% ✓ STRUCTURAL STAGE PAYMENT – 10% ✓ REMAINING 70% – Upon deed/signing Investment Option: Potential for resale with high value appreciation due to the area's development. Get in touch for more information and secure your unit with exclusive conditions. Invest with confidence in a distinctive project offering quality, location, and strong profitability potential. #ref: 140370
Read More
Property on Map
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 €360,000 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 |
|---|---|---|---|
| €360,000 | £296,604 | £312,512 | £15,908 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £296,604 |
| Maximum cost in the last six months | £312,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,908 |
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 €360,000 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 |
|---|---|---|---|
| €360,000 | £296,604 | £312,512 | £15,908 |
| Property Price € | €360,000 |
| Minimum cost in the last six months | £296,604 |
| Maximum cost in the last six months | £312,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,908 |
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 £15,908 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
