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Finca with Rent to Buy Option located in the municipality of Colmenar, near the mountains of M laga, with an approximate height of 800 meters above sea level with impressive views of almost the entire region of La Axarquia, the Sierra Nevada and the sea of Velez M laga
Colmenar, Málaga, Spain
REF: 397705
€429,900
Description
Finca with Rent to Buy Option located in the municipality of Colmenar, near the mountains of M laga, with an approximate height of 800 meters above sea level with impressive views of almost the entire region of La Axarquia, the Sierra Nevada and the sea of Velez M laga. From the property you can go to M laga city in 20 minutes, the coast at Torre del Mar in 30 minutes and the airport also in 30 minutes. The property has an area of 8,745 square meters with olive and almond plantations. This property has a build area of 200 square meters divided into two floors, each floor is an independent house of 100 square meters and each house has a fully equipped kitchen, 1 bathroom, 3 bedrooms, large living room and barbecue area. In the property there is an additional building which consists of 4 stables, working corridor and corral for the horses, there is also an area for the orchard and it has a circular swimming pool. This property is completely fenced in and private. It's an excellent investment opportunity, because it can be a great family home or to rent to people who love nature or combine both a home with a rental income.
Finca with Rent to Buy Option located in the municipality of Colmenar, near the mountains of M laga, with an approximate height of 800 meters above sea level with impressive views of almost the entire region of La Axarquia, the Sierra Nevada and the sea of Velez M laga. From the property you can go to M laga city in 20 minutes, the coast at Torre del Mar in 30 minutes and the airport also in 30 minutes. The property has an area of 8,745 square meters with olive and almond plantations. This property has a build area of 200 square meters divided into two floors, each floor is an independent house of 100 square meters and each house has a fully equipped kitchen, 1 bathroom, 3 bedrooms, large living room and barbecue area. In the property there is an additional building which consists of 4 stables, working corridor and corral for the horses, there is also an area for the orchard and it has a circular swimming pool. This property is completely fenced in and private. It's an excellent investment opportunity, because it can be a great family home or to rent to people who love nature or combine both a home with a rental income.
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Currency Exchange
Colmenar, Málaga, 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 €429,900 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 |
|---|---|---|---|
| €429,900 | £357,625 | £369,981 | £12,355 |
| Property Price € | €429,900 |
| Minimum cost in the last six months | £357,625 |
| Maximum cost in the last six months | £369,981 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,355 |
Colmenar, Málaga, 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 €429,900 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 |
|---|---|---|---|
| €429,900 | £357,625 | £369,981 | £12,355 |
| Property Price € | €429,900 |
| Minimum cost in the last six months | £357,625 |
| Maximum cost in the last six months | £369,981 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,355 |
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 £12,355 more.
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