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A highly modern and beautifully designed house is being built here in a prime location, orientation and great sea views
Portals Nous, Mallorca, Spain, 07181
REF: 367491
€9,900,000
Description
A highly modern and beautifully designed house is being built here in a prime location, orientation and great sea views. The project will be completed in September 2024 and offers an open living concept on 3 levels with a total of 7 bedrooms and 8 bathrooms. The property has underfloor heating and air conditioning and is south facing. Furthermore there is a cinema / games room, a gym as well as a spa area and a car elevator into a garage for 5 cars. Only a few minutes away from the famous port of Porto Portals as well as from various restaurants and shops. Only 16km from Palma Airport.The price is turnkey.
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A highly modern and beautifully designed house is being built here in a prime location, orientation and great sea views. The project will be completed in September 2024 and offers an open living concept on 3 levels with a total of 7 bedrooms and 8 bathrooms. The property has underfloor heating and air conditioning and is south facing. Furthermore there is a cinema / games room, a gym as well as a spa area and a car elevator into a garage for 5 cars. Only a few minutes away from the famous port of Porto Portals as well as from various restaurants and shops. Only 16km from Palma Airport.The price is turnkey.
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Currency Exchange
Portals Nous, Mallorca, Spain, 07181
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 €9,900,000 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 |
|---|---|---|---|
| €9,900,000 | £8,200,269 | £8,508,555 | £308,286 |
| Property Price € | €9,900,000 |
| Minimum cost in the last six months | £8,200,269 |
| Maximum cost in the last six months | £8,508,555 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £308,286 |
Portals Nous, Mallorca, Spain, 07181
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 €9,900,000 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 |
|---|---|---|---|
| €9,900,000 | £8,200,269 | £8,508,555 | £308,286 |
| Property Price € | €9,900,000 |
| Minimum cost in the last six months | £8,200,269 |
| Maximum cost in the last six months | £8,508,555 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £308,286 |
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 £308,286 more.
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