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Caniço Gardens Villas – Gated Community Villas located in a gated community, with a total area of 185 m², including an 88 m² private outdoor space
Santa Cruz, Ilha da Madeira, Portugal
REF: 964791
€495,000
Description
Caniço Gardens Villas – Gated Community Villas located in a gated community, with a total area of 185 m², including an 88 m² private outdoor space. The basement features a garage with capacity for two cars. The ground floor comprises a spacious living room, a fully equipped kitchen, a guest bathroom, and a laundry room. There is direct access to the outdoor area, ideal for enjoying quality time with family and friends. You may also set up a barbecue area to make the most of the outdoor space. On the first floor, there is a full bathroom and three bedrooms, one of which is a suite with access to a balcony. This new development is an excellent opportunity, whether for permanent residence or investment. It is located just 3 minutes from the centre of Caniço, where you will find banks, supermarkets, schools, nurseries, cafés, restaurants, and other essential services. It is also only 5 minutes from the expressway access, with easy connections to health centres and clinics. #ref: 141073
Caniço Gardens Villas – Gated Community Villas located in a gated community, with a total area of 185 m², including an 88 m² private outdoor space. The basement features a garage with capacity for two cars. The ground floor comprises a spacious living room, a fully equipped kitchen, a guest bathroom, and a laundry room. There is direct access to the outdoor area, ideal for enjoying quality time with family and friends. You may also set up a barbecue area to make the most of the outdoor space. On the first floor, there is a full bathroom and three bedrooms, one of which is a suite with access to a balcony. This new development is an excellent opportunity, whether for permanent residence or investment. It is located just 3 minutes from the centre of Caniço, where you will find banks, supermarkets, schools, nurseries, cafés, restaurants, and other essential services. It is also only 5 minutes from the expressway access, with easy connections to health centres and clinics. #ref: 141073
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Currency Exchange
Santa Cruz, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £408,553 | £429,705 | £21,151 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £408,553 |
| Maximum cost in the last six months | £429,705 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,151 |
Santa Cruz, 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 €495,000 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 |
|---|---|---|---|
| €495,000 | £408,553 | £429,705 | £21,151 |
| Property Price € | €495,000 |
| Minimum cost in the last six months | £408,553 |
| Maximum cost in the last six months | £429,705 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,151 |
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 £21,151 more.
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