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House
La Escalona, Tenerife, Spain
REF: 360689
€1,999,000
Description
Morfitt Properties Tenerife are pleased to offer for sale this large vineyard with guachinche restaurant, and a 3 bedroom property above. The Vineyard is located at 1300m2 above sea level and is spread over 285,000m2 all irrigated and still in production. The property has serval out-buildings which are in use, and 2 older properties which are in need of refurbishing. The business has produced wine for my years, and has welcomed tourist on day trips to look around, taste and enjoy a typical Canarian restaurant. Contact our office for further information and photos.
Morfitt Properties Tenerife are pleased to offer for sale this large vineyard with guachinche restaurant, and a 3 bedroom property above. The Vineyard is located at 1300m2 above sea level and is spread over 285,000m2 all irrigated and still in production. The property has serval out-buildings which are in use, and 2 older properties which are in need of refurbishing. The business has produced wine for my years, and has welcomed tourist on day trips to look around, taste and enjoy a typical Canarian restaurant. Contact our office for further information and photos.
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Currency Exchange
La Escalona, Tenerife, 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 €1,999,000 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 |
|---|---|---|---|
| €1,999,000 | £1,655,792 | £1,718,041 | £62,249 |
| Property Price € | €1,999,000 |
| Minimum cost in the last six months | £1,655,792 |
| Maximum cost in the last six months | £1,718,041 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,249 |
La Escalona, Tenerife, 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 €1,999,000 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 |
|---|---|---|---|
| €1,999,000 | £1,655,792 | £1,718,041 | £62,249 |
| Property Price € | €1,999,000 |
| Minimum cost in the last six months | £1,655,792 |
| Maximum cost in the last six months | £1,718,041 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,249 |
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 £62,249 more.
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