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One-Bedroom Apartment in Ribeira Brava – Fully Furnished & Ready for Short-Term Rental An excellent investment opportunity in the beautiful area of Ribeira Brava: a modern one-bedroom apartment currently under construction, to be delivered fully furnished and equipped, ideal for local accommodation
Ribeira Brava, Ilha da Madeira, Portugal
REF: 987290
€370,000
Description
One-Bedroom Apartment in Ribeira Brava – Fully Furnished & Ready for Short-Term Rental An excellent investment opportunity in the beautiful area of Ribeira Brava: a modern one-bedroom apartment currently under construction, to be delivered fully furnished and equipped, ideal for local accommodation or short-term rental. Located in a high-quality new building with exclusive amenities: ✅ Swimming pool ✅ Modern gym ✅ High-end finishes ✅ Private parking This turnkey apartment is ready to start generating income immediately, with an estimated return of 7% in the first two years – a great opportunity for passive income and solid capital appreciation. Key features: Bright and functional layout Open-concept kitchen and living area Balcony with great sun exposure Delivered fully furnished and equipped Elevator and modern common areas in the building Looking for a secure investment in a growing tourist destination? Don’t miss this opportunity! Contact us now for more details, floor plans, and payment conditions. #ref: 140839
One-Bedroom Apartment in Ribeira Brava – Fully Furnished & Ready for Short-Term Rental An excellent investment opportunity in the beautiful area of Ribeira Brava: a modern one-bedroom apartment currently under construction, to be delivered fully furnished and equipped, ideal for local accommodation or short-term rental. Located in a high-quality new building with exclusive amenities: ✅ Swimming pool ✅ Modern gym ✅ High-end finishes ✅ Private parking This turnkey apartment is ready to start generating income immediately, with an estimated return of 7% in the first two years – a great opportunity for passive income and solid capital appreciation. Key features: Bright and functional layout Open-concept kitchen and living area Balcony with great sun exposure Delivered fully furnished and equipped Elevator and modern common areas in the building Looking for a secure investment in a growing tourist destination? Don’t miss this opportunity! Contact us now for more details, floor plans, and payment conditions. #ref: 140839
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Currency Exchange
Ribeira Brava, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £305,417 | £322,644 | £17,227 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £305,417 |
| Maximum cost in the last six months | £322,644 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,227 |
Ribeira Brava, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £305,417 | £322,644 | £17,227 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £305,417 |
| Maximum cost in the last six months | £322,644 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,227 |
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 £17,227 more.
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