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This property presents an exciting project to restore a traditional cave house situated in the hamlet of La Raja near La Zarza
La Zarza, Alicante, Spain
REF: 207873
€69,900
Description
This property presents an exciting project to restore a traditional cave house situated in the hamlet of La Raja near La Zarza. The large property could be converted into a spacious family home or guest house. The building requires complete refurbishment. There is a garage to the front of the property and land behind the garage. Mains water and electricity are not installed but the services run at the front of the property. There is an entrance hallway with a bedroom to each side of it, a lounge with a inglenook fireplace and a further bedroom. Natural light is provided by 2 light tunnels into the various cave rooms which are in good condition. Upstairs there are 2 large rooms with beams. Half of the roof has already been replaced.
This property presents an exciting project to restore a traditional cave house situated in the hamlet of La Raja near La Zarza. The large property could be converted into a spacious family home or guest house. The building requires complete refurbishment. There is a garage to the front of the property and land behind the garage. Mains water and electricity are not installed but the services run at the front of the property. There is an entrance hallway with a bedroom to each side of it, a lounge with a inglenook fireplace and a further bedroom. Natural light is provided by 2 light tunnels into the various cave rooms which are in good condition. Upstairs there are 2 large rooms with beams. Half of the roof has already been replaced.
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Currency Exchange
La Zarza, Alicante, 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 €69,900 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 |
|---|---|---|---|
| €69,900 | £58,027 | £60,137 | £2,110 |
| Property Price € | €69,900 |
| Minimum cost in the last six months | £58,027 |
| Maximum cost in the last six months | £60,137 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,110 |
La Zarza, Alicante, 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 €69,900 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 |
|---|---|---|---|
| €69,900 | £58,027 | £60,137 | £2,110 |
| Property Price € | €69,900 |
| Minimum cost in the last six months | £58,027 |
| Maximum cost in the last six months | £60,137 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,110 |
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 £2,110 more.
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