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Townhouse in the heart of Nerja''''''''s old quarter, on one of its most central streets, just a short distance to the beach and all amenities
Nerja, Málaga, Spain
REF: 178877
€950,000
Description
Townhouse in the heart of Nerja''''''''s old quarter, on one of its most central streets, just a short distance to the beach and all amenities. This corner townhouse benefits from both East and South facing terraces, making the most of the sunshine. The property is in need of reformation and at the moment comprises of 2 separate spaces : an apartment and one restaurant The apartment on the upper floor comprises 5 bedrooms & 2 bathrooms is light and has 1 good sized living-diningroom. With a seperate kitchen this apartment also benefits from a lovely rooftop terrace with views over Nerja. On the lower floor there is a restaurant in full operation. Nerja is on the seashore some 50 kilometres from Málaga on the N340 coastal highway, and marks the eastern tip of Málaga''''''''s Costa del Sol. Once a sleepy fishing village, the town now has a population of over 22,000. Nerja boasts 16 kilometres of beaches with powdery sand and sparkling clear water. All major water sports are available here, including water skiing, scuba diving and sailing. Flanked by a dramatic mountain range, Sierra Almijara, to the east, the town has, fortunately, managed to avoid being blighted by the concrete high-rise scenario which has been the inevitable result of the tourist boom in some of the coastal resorts. The old quarter of the town is still virtually unchanged with narrow, winding streets, whitewashed houses with wrought iron terraces overflowing with geraniums, on which a canary can sometimes be heard singing.
Townhouse in the heart of Nerja''''''''s old quarter, on one of its most central streets, just a short distance to the beach and all amenities. This corner townhouse benefits from both East and South facing terraces, making the most of the sunshine. The property is in need of reformation and at the moment comprises of 2 separate spaces : an apartment and one restaurant The apartment on the upper floor comprises 5 bedrooms & 2 bathrooms is light and has 1 good sized living-diningroom. With a seperate kitchen this apartment also benefits from a lovely rooftop terrace with views over Nerja. On the lower floor there is a restaurant in full operation. Nerja is on the seashore some 50 kilometres from Málaga on the N340 coastal highway, and marks the eastern tip of Málaga''''''''s Costa del Sol. Once a sleepy fishing village, the town now has a population of over 22,000. Nerja boasts 16 kilometres of beaches with powdery sand and sparkling clear water. All major water sports are available here, including water skiing, scuba diving and sailing. Flanked by a dramatic mountain range, Sierra Almijara, to the east, the town has, fortunately, managed to avoid being blighted by the concrete high-rise scenario which has been the inevitable result of the tourist boom in some of the coastal resorts. The old quarter of the town is still virtually unchanged with narrow, winding streets, whitewashed houses with wrought iron terraces overflowing with geraniums, on which a canary can sometimes be heard singing.
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Currency Exchange
Nerja, Málaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £790,286 | £817,589 | £27,303 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £790,286 |
| Maximum cost in the last six months | £817,589 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,303 |
Nerja, Málaga, Spain
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Spain do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Spain 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £790,286 | £817,589 | £27,303 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £790,286 |
| Maximum cost in the last six months | £817,589 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,303 |
The exchange rate on the day you make an offer on your property in Spain 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 £27,303 more.
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