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This is an opportunity to purchase 4 separate parcels of land, totalling 27,062m2, all within close proximity of each other and just a short five minute drive from the town of Fuente de Piedra
Fuente de Piedra, Malaga, Spain
REF: 396769
€83,000
Description
This is an opportunity to purchase 4 separate parcels of land, totalling 27,062m2, all within close proximity of each other and just a short five minute drive from the town of Fuente de Piedra. All 4 plots have good access with a good track that runs along the side of the A92. 3 of the plots consist solely of olives and have all mature established trees, the forth plot is fenced and the previous owner had thought about constructing a nave for machinery. These plots are all owned by one family and bring in a good yearly revenue.
This is an opportunity to purchase 4 separate parcels of land, totalling 27,062m2, all within close proximity of each other and just a short five minute drive from the town of Fuente de Piedra. All 4 plots have good access with a good track that runs along the side of the A92. 3 of the plots consist solely of olives and have all mature established trees, the forth plot is fenced and the previous owner had thought about constructing a nave for machinery. These plots are all owned by one family and bring in a good yearly revenue.
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Currency Exchange
Fuente de Piedra, Malaga, 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 €83,000 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 |
|---|---|---|---|
| €83,000 | £68,750 | £71,334 | £2,585 |
| Property Price € | €83,000 |
| Minimum cost in the last six months | £68,750 |
| Maximum cost in the last six months | £71,334 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,585 |
Fuente de Piedra, Malaga, 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 €83,000 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 |
|---|---|---|---|
| €83,000 | £68,750 | £71,334 | £2,585 |
| Property Price € | €83,000 |
| Minimum cost in the last six months | £68,750 |
| Maximum cost in the last six months | £71,334 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,585 |
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 £2,585 more.
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