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This huge property is situated close to the town of Pinoso
Raspay, Murcia, Spain
REF: 207857
€900,000
Description
This huge property is situated close to the town of Pinoso. The house needs to be renovated but there is enormous potential to farm the land. The land included with the sale of the house is just over 100,000m2 and comes under the town hall of Yecla. At the moment the land is not being farmed but there are some olive trees and some almonds planted. The house requires renovation but is structurally sound and there is a huge warehouse of 180m2 next the house. Yecla is a town with a singular spirit, due mainly to its enclave situation, and is the living image of 'Castilian' Murcia, the area of transition between the coastal zone and the plains of La Mancha. Preceded by the fame of its inhabitants, it is naturally a town of enormous character which has impressed such writers as Azor n or P o Baroja. The town is watched over by the Castle and the Sanctuary of La Pur sima, which locals troop up to every 7th December 'the day of the Alborada' firing volleys of gunpowder with their ancient harquebuses. Yecla has some rather unique sights, such as the Church of La Pur sima or the Plaza Mayor; others of great beauty, like the Church of El Salvador, the Marketplace and the Clock Tower. This region offers a number of hiking, cycling and potholing alternatives. Take a bike along the track that leads to Monte Arab (a mountain propitious for fables and legends) to see the Neolithic rock paintings that decorate the caves of the Canto de la Visera and Mediod a. A long-distance hiking trail (the GR7), which comes down from the North of Spain to the Levant, passes through the region. Aside from these attractions, Yecla has a very intense economic activity, based mainly on the manufacture of furniture, which is the object of an important world-famous fair. Also of note are the local wines, which have their own Denominaci n de Origen and have won numerous awards in competitions both in Spain and abroad.
This huge property is situated close to the town of Pinoso. The house needs to be renovated but there is enormous potential to farm the land. The land included with the sale of the house is just over 100,000m2 and comes under the town hall of Yecla. At the moment the land is not being farmed but there are some olive trees and some almonds planted. The house requires renovation but is structurally sound and there is a huge warehouse of 180m2 next the house. Yecla is a town with a singular spirit, due mainly to its enclave situation, and is the living image of 'Castilian' Murcia, the area of transition between the coastal zone and the plains of La Mancha. Preceded by the fame of its inhabitants, it is naturally a town of enormous character which has impressed such writers as Azor n or P o Baroja. The town is watched over by the Castle and the Sanctuary of La Pur sima, which locals troop up to every 7th December 'the day of the Alborada' firing volleys of gunpowder with their ancient harquebuses. Yecla has some rather unique sights, such as the Church of La Pur sima or the Plaza Mayor; others of great beauty, like the Church of El Salvador, the Marketplace and the Clock Tower. This region offers a number of hiking, cycling and potholing alternatives. Take a bike along the track that leads to Monte Arab (a mountain propitious for fables and legends) to see the Neolithic rock paintings that decorate the caves of the Canto de la Visera and Mediod a. A long-distance hiking trail (the GR7), which comes down from the North of Spain to the Levant, passes through the region. Aside from these attractions, Yecla has a very intense economic activity, based mainly on the manufacture of furniture, which is the object of an important world-famous fair. Also of note are the local wines, which have their own Denominaci n de Origen and have won numerous awards in competitions both in Spain and abroad.
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Currency Exchange
Raspay, Murcia, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £748,692 | £774,558 | £25,866 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £748,692 |
| Maximum cost in the last six months | £774,558 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,866 |
Raspay, Murcia, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £748,692 | £774,558 | £25,866 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £748,692 |
| Maximum cost in the last six months | £774,558 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,866 |
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 £25,866 more.
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