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Imagine a city, a 1950s building where the ground floor spaces were originally designed for offices
Trento, Trentino-Alto Adige, Italy
REF: 904037
€155,000
Description
Imagine a city, a 1950s building where the ground floor spaces were originally designed for offices. For years, hundreds of people filled these spaces, busy with their daily work and routines. Now it's 2024, and things have changed. In the age of remote work, many offices have lost their purpose, allowing vacant spaces to be reimagined and transformed into residences.We are in Trento, specifically on Via Prepositura, one of the city areas that urban planners have decided to revitalize. In a few years, the new, modern underground train station will be ready, and this renewal process is already visible in the new businesses and services springing up nearby.As part of this renewal effort, what used to be office spaces and later a gym will soon be converted into new, modern, functional living spaces. The design choice is for studios compact yet well-proportioned spaces to meet the city's residential market needs. The renovation will be comprehensive, including upgrades to all plumbing and electrical systems, replacement of both internal and external fixtures, and new flooring choices that suit the modern context and aesthetic preferences. For those who prefer a hassle-free move, a furniture kit will also be available for an additional cost.As a university town, Trento has developed a new image in recent years, becoming a hub for important economic and cultural events and boosting tourism and service activities. The demand for small apartments suitable for short-term stays is growing, making these spaces an excellent investment opportunity. Be it for tourist rentals, short-term leases, or rentals to students or professionals, these studios will always find tenants, offering a solid return for those looking to invest their money.
Imagine a city, a 1950s building where the ground floor spaces were originally designed for offices. For years, hundreds of people filled these spaces, busy with their daily work and routines. Now it's 2024, and things have changed. In the age of remote work, many offices have lost their purpose, allowing vacant spaces to be reimagined and transformed into residences.We are in Trento, specifically on Via Prepositura, one of the city areas that urban planners have decided to revitalize. In a few years, the new, modern underground train station will be ready, and this renewal process is already visible in the new businesses and services springing up nearby.As part of this renewal effort, what used to be office spaces and later a gym will soon be converted into new, modern, functional living spaces. The design choice is for studios compact yet well-proportioned spaces to meet the city's residential market needs. The renovation will be comprehensive, including upgrades to all plumbing and electrical systems, replacement of both internal and external fixtures, and new flooring choices that suit the modern context and aesthetic preferences. For those who prefer a hassle-free move, a furniture kit will also be available for an additional cost.As a university town, Trento has developed a new image in recent years, becoming a hub for important economic and cultural events and boosting tourism and service activities. The demand for small apartments suitable for short-term stays is growing, making these spaces an excellent investment opportunity. Be it for tourist rentals, short-term leases, or rentals to students or professionals, these studios will always find tenants, offering a solid return for those looking to invest their money.
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Currency Exchange
Trento, Trentino-Alto Adige, 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 €155,000 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 |
|---|---|---|---|
| €155,000 | £128,941 | £133,396 | £4,455 |
| Property Price € | €155,000 |
| Minimum cost in the last six months | £128,941 |
| Maximum cost in the last six months | £133,396 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,455 |
Trento, Trentino-Alto Adige, 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 €155,000 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 |
|---|---|---|---|
| €155,000 | £128,941 | £133,396 | £4,455 |
| Property Price € | €155,000 |
| Minimum cost in the last six months | £128,941 |
| Maximum cost in the last six months | £133,396 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,455 |
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 £4,455 more.
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