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Situated in the heart of a natural and protected area, just a few minutes from the sea and the centre of Cannes, this property comprises two houses built on approx
CANNES, French Riviera, France, 06400
REF: 842767
€1,890,000
Description
Situated in the heart of a natural and protected area, just a few minutes from the sea and the centre of Cannes, this property comprises two houses built on approx. 4,600 m2 of land. The original house, built in the 19th century, comprises 175 m2 of living space on the first floor and 200sqm on the ground floor, which is used as workshops and garages. The second, more recent villa, built in the 1950s and renovated in 1974, comprises two levels with a total living area of around 170 m2, on which the various living rooms are distributed. A garage completes this property.
Situated in the heart of a natural and protected area, just a few minutes from the sea and the centre of Cannes, this property comprises two houses built on approx. 4,600 m2 of land. The original house, built in the 19th century, comprises 175 m2 of living space on the first floor and 200sqm on the ground floor, which is used as workshops and garages. The second, more recent villa, built in the 1950s and renovated in 1974, comprises two levels with a total living area of around 170 m2, on which the various living rooms are distributed. A garage completes this property.
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Currency Exchange
CANNES, French Riviera, France, 06400
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in France do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in France 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 €1,890,000 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 |
|---|---|---|---|
| €1,890,000 | £1,565,506 | £1,624,361 | £58,855 |
| Property Price € | €1,890,000 |
| Minimum cost in the last six months | £1,565,506 |
| Maximum cost in the last six months | £1,624,361 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,855 |
CANNES, French Riviera, France, 06400
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in France do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in France 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 €1,890,000 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 |
|---|---|---|---|
| €1,890,000 | £1,565,506 | £1,624,361 | £58,855 |
| Property Price € | €1,890,000 |
| Minimum cost in the last six months | £1,565,506 |
| Maximum cost in the last six months | £1,624,361 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £58,855 |
The exchange rate on the day you make an offer on your property in France 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 £58,855 more.
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