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Appartamento Assunta - Pozzallo Large flat near the beach in south-east Sicily The property The Assunta flat is actually less of a classic holiday flat in an older building, but rather a condominium in a normal apartment building
Pozzallo, Ragusa, Italy
REF: 848540
€135,000
Description
Appartamento Assunta - Pozzallo Large flat near the beach in south-east Sicily The property The Assunta flat is actually less of a classic holiday flat in an older building, but rather a condominium in a normal apartment building. We like this property because it is not far from the beach (approx. 500 metres) and you could easily turn it into 2 flats, as it was originally intended. You could live in one flat yourself and then rent out the other. The flat has a floor area of approx. 180 square metres and currently has 3 bedrooms and 2 bathrooms. The lounge is particularly large and could also be divided up. The flat has central heating and is connected to the natural gas network. The heating is located on the balcony. Large balconies also invite you to sit outside. The neighbourhood Pozzallo is a town in the province of Ragusa with 18,997 inhabitants and is home to the southernmost railway station in Italy! Although most people still work in agriculture, tourism is becoming increasingly important. The fantastic sandy beaches in the town and the surrounding area have been awarded the Blue Flag , the cleanest beaches and the best water anywhere. Opportunities As already written, the flat could be divided into two independent residential units and thus also partially rented out. In my opinion, there would still be room for manoeuvre in terms of price, you just have to try it out.
Appartamento Assunta - Pozzallo Large flat near the beach in south-east Sicily The property The Assunta flat is actually less of a classic holiday flat in an older building, but rather a condominium in a normal apartment building. We like this property because it is not far from the beach (approx. 500 metres) and you could easily turn it into 2 flats, as it was originally intended. You could live in one flat yourself and then rent out the other. The flat has a floor area of approx. 180 square metres and currently has 3 bedrooms and 2 bathrooms. The lounge is particularly large and could also be divided up. The flat has central heating and is connected to the natural gas network. The heating is located on the balcony. Large balconies also invite you to sit outside. The neighbourhood Pozzallo is a town in the province of Ragusa with 18,997 inhabitants and is home to the southernmost railway station in Italy! Although most people still work in agriculture, tourism is becoming increasingly important. The fantastic sandy beaches in the town and the surrounding area have been awarded the Blue Flag , the cleanest beaches and the best water anywhere. Opportunities As already written, the flat could be divided into two independent residential units and thus also partially rented out. In my opinion, there would still be room for manoeuvre in terms of price, you just have to try it out.
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Currency Exchange
Pozzallo, Ragusa, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,822 | £116,026 | £4,204 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,822 |
| Maximum cost in the last six months | £116,026 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,204 |
Pozzallo, Ragusa, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,822 | £116,026 | £4,204 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,822 |
| Maximum cost in the last six months | £116,026 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,204 |
The exchange rate on the day you make an offer on your property in Italy 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 £4,204 more.
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