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T2 Apartment at UPTOWN 117 development, located in the city's area of excellence, close to several services and with reference centers in the city (Madeira Forum, Ajuda Gardens, Seafront, Praia Formosa, Madeira Private Hospital, others)
Funchal, Ilha da Madeira, Portugal
REF: 671137
€460,000
Description
T2 Apartment at UPTOWN 117 development, located in the city's area of excellence, close to several services and with reference centers in the city (Madeira Forum, Ajuda Gardens, Seafront, Praia Formosa, Madeira Private Hospital, others). The project will have a superior quality construction, in line with what is usual for the builder / developer. It will feature above-average areas, with a special focus on its huge, well-framed balconies. Its finishes will be of superior quality, with superior energy certification and pre-installation of air conditioning, as well as its top acoustic certification, as well as a communal swimming pool and all this in a private condominium. 2 Parkimg places. Some highlights of its materials and finishes (for more details, contact us): Certified frame, in gray lacquered aluminum with double glazing. Floating floor in solid wood in the living room, bedrooms (white lacquered wardrobes with gray melamine interior) and common areas. Ceramic flooring in bathrooms, kitchen and laundry. Lacquered doors, with suitable stainless steel elements. Stucco coated walls and washable anti-fungal paints. Kitchen cabinets in laminate, white melamine interiors, aluminum handle. Ariston heat pump, TEKA appliances (induction hob, hood and oven) and kitchen countertop in Silestone. Sanitary installations with washable anti-fungal paint, sanitary ware and equipment from reference brands (CORAL, SILESTONE, DIAZI, ART). #ref: 92155
T2 Apartment at UPTOWN 117 development, located in the city's area of excellence, close to several services and with reference centers in the city (Madeira Forum, Ajuda Gardens, Seafront, Praia Formosa, Madeira Private Hospital, others). The project will have a superior quality construction, in line with what is usual for the builder / developer. It will feature above-average areas, with a special focus on its huge, well-framed balconies. Its finishes will be of superior quality, with superior energy certification and pre-installation of air conditioning, as well as its top acoustic certification, as well as a communal swimming pool and all this in a private condominium. 2 Parkimg places. Some highlights of its materials and finishes (for more details, contact us): Certified frame, in gray lacquered aluminum with double glazing. Floating floor in solid wood in the living room, bedrooms (white lacquered wardrobes with gray melamine interior) and common areas. Ceramic flooring in bathrooms, kitchen and laundry. Lacquered doors, with suitable stainless steel elements. Stucco coated walls and washable anti-fungal paints. Kitchen cabinets in laminate, white melamine interiors, aluminum handle. Ariston heat pump, TEKA appliances (induction hob, hood and oven) and kitchen countertop in Silestone. Sanitary installations with washable anti-fungal paint, sanitary ware and equipment from reference brands (CORAL, SILESTONE, DIAZI, ART). #ref: 92155
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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 €460,000 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 |
|---|---|---|---|
| €460,000 | £391,317 | £403,208 | £11,891 |
| Property Price € | €460,000 |
| Minimum cost in the last six months | £391,317 |
| Maximum cost in the last six months | £403,208 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,891 |
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 €460,000 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 |
|---|---|---|---|
| €460,000 | £391,317 | £403,208 | £11,891 |
| Property Price € | €460,000 |
| Minimum cost in the last six months | £391,317 |
| Maximum cost in the last six months | £403,208 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,891 |
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 £11,891 more.
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