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New Development In the center of Funchal, next to all services and amenities
Funchal, Ilha da Madeira, Portugal
REF: 511353
€418,000
Description
New Development In the center of Funchal, next to all services and amenities. This development consists of 19 housing fractions of typology T0, T1, T2, T3 and T3+1. Construction begins in August 2021 and its intended purpose in June 2022. When it comes to finishes, the ceilings and walls are plastered and painted with aqueous novaca HD paint finish from Cin. The floor coated with vinyl. The skirting boards, doors and wardrobes run in white color that give a 'clean' look. The kitchen equipped with white cabinets, granite countertop or silistone, stove board, encaste oven and smoke extractor from TEKA or equivalent. Its sanitary facilities consisting of ROCA or equivalent dishes and equipment such as taps and accessories of the ROCA type or equivalent. As for its exterior, it is coated with thermal and acoustic insulation. Double glazing and double glazing with lacquered thermal cut in white color and tapassol green bottle. It will have solar panels or heat pump. #ref: 71564
New Development In the center of Funchal, next to all services and amenities. This development consists of 19 housing fractions of typology T0, T1, T2, T3 and T3+1. Construction begins in August 2021 and its intended purpose in June 2022. When it comes to finishes, the ceilings and walls are plastered and painted with aqueous novaca HD paint finish from Cin. The floor coated with vinyl. The skirting boards, doors and wardrobes run in white color that give a 'clean' look. The kitchen equipped with white cabinets, granite countertop or silistone, stove board, encaste oven and smoke extractor from TEKA or equivalent. Its sanitary facilities consisting of ROCA or equivalent dishes and equipment such as taps and accessories of the ROCA type or equivalent. As for its exterior, it is coated with thermal and acoustic insulation. Double glazing and double glazing with lacquered thermal cut in white color and tapassol green bottle. It will have solar panels or heat pump. #ref: 71564
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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 €418,000 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 |
|---|---|---|---|
| €418,000 | £355,588 | £366,394 | £10,805 |
| Property Price € | €418,000 |
| Minimum cost in the last six months | £355,588 |
| Maximum cost in the last six months | £366,394 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,805 |
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 €418,000 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 |
|---|---|---|---|
| €418,000 | £355,588 | £366,394 | £10,805 |
| Property Price € | €418,000 |
| Minimum cost in the last six months | £355,588 |
| Maximum cost in the last six months | £366,394 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,805 |
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 £10,805 more.
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