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Canarian house with restaurant that could be converted to accommodation in Icod de los Vinos on an urban plot
ICOD DE LOS VINOS, Santa Cruz de Tenerife, Spain
REF: 510527
€240,000
Description
Canarian house with restaurant that could be converted to accommodation in Icod de los Vinos on an urban plot. Currently with 3 bedrooms, 1 bathroom, kitchen, lounge, garden with avocado tree, storage area and terraces in the main house. The restaurant is a good size equipped bar kitchen and with a wonderful terrace with panoramic views the restaurant is connected to the house so could easily convert to offer bigger house or rental accommodation. Located in the village of Cueva del Viento with walking distance to the village the famous caves. Icod de los vinos is a 10 minute drive. The offer is subject to errors, price changes, omissions and/or market withdrawals without notice. The costs of transfer, notary and registration of ownership are 6.5% and will be borne by the buyer. The seller pays commission costs. We are a team of international real estate agents in Tenerife. We speak English, German, Russian, Polish, French, Italian, Dutch and Spanish. This enables us to work with international customers. Do not hesitate to contact us. Your international real estate agent in Tenerife Visit http://www.agatatenerife.com for more information
Canarian house with restaurant that could be converted to accommodation in Icod de los Vinos on an urban plot. Currently with 3 bedrooms, 1 bathroom, kitchen, lounge, garden with avocado tree, storage area and terraces in the main house. The restaurant is a good size equipped bar kitchen and with a wonderful terrace with panoramic views the restaurant is connected to the house so could easily convert to offer bigger house or rental accommodation. Located in the village of Cueva del Viento with walking distance to the village the famous caves. Icod de los vinos is a 10 minute drive. The offer is subject to errors, price changes, omissions and/or market withdrawals without notice. The costs of transfer, notary and registration of ownership are 6.5% and will be borne by the buyer. The seller pays commission costs. We are a team of international real estate agents in Tenerife. We speak English, German, Russian, Polish, French, Italian, Dutch and Spanish. This enables us to work with international customers. Do not hesitate to contact us. Your international real estate agent in Tenerife Visit http://www.agatatenerife.com for more information
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Currency Exchange
ICOD DE LOS VINOS, Santa Cruz de 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £198,794 | £206,395 | £7,601 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £198,794 |
| Maximum cost in the last six months | £206,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,601 |
ICOD DE LOS VINOS, Santa Cruz de 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £198,794 | £206,395 | £7,601 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £198,794 |
| Maximum cost in the last six months | £206,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,601 |
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 £7,601 more.
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