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2 bedroom apartment for sale in Funchal
Funchal, Ilha da Madeira, Portugal, 9000-247
REF: 712688
€940,000
Description
Two-bedroom apartment in a private condominium currently under construction. Each unit offers a privileged view of the sea, with spacious balconies that provide a tranquil ambiance.
To ensure maximum comfort and exclusivity, private pools have been designed for all units located on floors 0 and 1, as well as at the ends of the other floors. Additionally, the apartment comes with two underground parking spaces and a storage room.
Situated on a plot of land measuring 36,000 m2 in front of Formosa Beach, in Funchal, the development will feature two buildings with contemporary architecture, spacious interiors, good ventilation, and abundant natural light. Its prime location by the seaside, with 250 meters of seafront, ensures that all apartments, without exception, face south.
The condominium boasts a 10,000.00 m2 area dedicated to gardens, where the pools, a gym, and pedestrian areas will be located. These spaces not only provide privacy for the residents but also allow them to enjoy the gentle sound of the waves and contemplate the horizon of the Atlantic Ocean merging with the sky, while admiring the sunset behind the majestic Cabo Girão.
The established deadline for the completion of the construction is March 2025.
Please note: We would like to emphasize that the information provided, including images, areas, and values, while accurate, is purely informative and cannot be considered binding, as it is subject to changes.
For further information, please contact us now!
Two-bedroom apartment in a private condominium currently under construction. Each unit offers a privileged view of the sea, with spacious balconies that provide a tranquil ambiance.
To ensure maximum comfort and exclusivity, private pools have been designed for all units located on floors 0 and 1, as well as at the ends of the other floors. Additionally, the apartment comes with two underground parking spaces and a storage room.
Situated on a plot of land measuring 36,000 m2 in front of Formosa Beach, in Funchal, the development will feature two buildings with contemporary architecture, spacious interiors, good ventilation, and abundant natural light. Its prime location by the seaside, with 250 meters of seafront, ensures that all apartments, without exception, face south.
The condominium boasts a 10,000.00 m2 area dedicated to gardens, where the pools, a gym, and pedestrian areas will be located. These spaces not only provide privacy for the residents but also allow them to enjoy the gentle sound of the waves and contemplate the horizon of the Atlantic Ocean merging with the sky, while admiring the sunset behind the majestic Cabo Girão.
The established deadline for the completion of the construction is March 2025.
Please note: We would like to emphasize that the information provided, including images, areas, and values, while accurate, is purely informative and cannot be considered binding, as it is subject to changes.
For further information, please contact us now!
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Currency Exchange
Funchal, Ilha da Madeira, Portugal, 9000-247
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 €940,000 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 |
|---|---|---|---|
| €940,000 | £799,649 | £823,901 | £24,252 |
| Property Price € | €940,000 |
| Minimum cost in the last six months | £799,649 |
| Maximum cost in the last six months | £823,901 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,252 |
Funchal, Ilha da Madeira, Portugal, 9000-247
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 €940,000 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 |
|---|---|---|---|
| €940,000 | £799,649 | £823,901 | £24,252 |
| Property Price € | €940,000 |
| Minimum cost in the last six months | £799,649 |
| Maximum cost in the last six months | £823,901 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,252 |
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 £24,252 more.
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