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Large Village House
Almogía, Málaga, Spain
REF: 527891
€150,000
Description
Large Village House. 8+ Bedrooms, 8+ Bathrooms. Renovation Project. Garden Essential Properties are pleased to present a large village house requiring complete renovation and located close to the heart of the village. The property is set on a useable 1,060m2 urban plot with 2 floors and would be ideal for property developers or investors. The build size of the property is approximately 520m2 and would be perfect to either create individual apartments or to create a boutique hotel / B&B with restaurant area. The property also benefits from a large garden and a number of outbuildings, previously used for animals offering scope to create additional guest accommodation. Ideally located close to the heart of the village and within walking distance of all amenities. Malaga airport and the beach are approximately 30 minutes drive.
Large Village House. 8+ Bedrooms, 8+ Bathrooms. Renovation Project. Garden Essential Properties are pleased to present a large village house requiring complete renovation and located close to the heart of the village. The property is set on a useable 1,060m2 urban plot with 2 floors and would be ideal for property developers or investors. The build size of the property is approximately 520m2 and would be perfect to either create individual apartments or to create a boutique hotel / B&B with restaurant area. The property also benefits from a large garden and a number of outbuildings, previously used for animals offering scope to create additional guest accommodation. Ideally located close to the heart of the village and within walking distance of all amenities. Malaga airport and the beach are approximately 30 minutes drive.
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Currency Exchange
Almogía, 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 €150,000 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 |
|---|---|---|---|
| €150,000 | £124,247 | £128,918 | £4,671 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £124,247 |
| Maximum cost in the last six months | £128,918 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,671 |
Almogía, 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 €150,000 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 |
|---|---|---|---|
| €150,000 | £124,247 | £128,918 | £4,671 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £124,247 |
| Maximum cost in the last six months | £128,918 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,671 |
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 £4,671 more.
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