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2 Country houses require renovation
Colmenar, Málaga, Spain
REF: 529812
€1,300,000
Description
2 Country houses require renovation. 118 hectares /ha2 of land. Located close to the beautiful white village of Colmenar. Essential properties are delighted to offer this large finca measuring 118 hectares/ ha2 filled with almonds, olive trees and 3 Vineyards. Within this expansive finca are two detached country houses requiring complete renovation. One of the houses measures 238m2 and the other measures 232m2 The finca produces a good annual income plus receives an annual grant of 11,000 euros. This beautiful land is set above the picturesque white village of Colmenar and boasts incredible views. There are three access tracks onto the finca. An excellent opportunity to generate a home and income, scope for rural attractions/tourism or to plant a variety of additional trees/ plants including those used for the beauty and medicinal industries. This finca is a combination of adjoining plots which following purchase, could be sold independently. Ideally located only 5 minute drive from the village and just 30 minutes from the beach and Malaga airport.
2 Country houses require renovation. 118 hectares /ha2 of land. Located close to the beautiful white village of Colmenar. Essential properties are delighted to offer this large finca measuring 118 hectares/ ha2 filled with almonds, olive trees and 3 Vineyards. Within this expansive finca are two detached country houses requiring complete renovation. One of the houses measures 238m2 and the other measures 232m2 The finca produces a good annual income plus receives an annual grant of 11,000 euros. This beautiful land is set above the picturesque white village of Colmenar and boasts incredible views. There are three access tracks onto the finca. An excellent opportunity to generate a home and income, scope for rural attractions/tourism or to plant a variety of additional trees/ plants including those used for the beauty and medicinal industries. This finca is a combination of adjoining plots which following purchase, could be sold independently. Ideally located only 5 minute drive from the village and just 30 minutes from the beach and Malaga airport.
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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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,076,803 | £1,117,285 | £40,482 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,076,803 |
| Maximum cost in the last six months | £1,117,285 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,482 |
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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,076,803 | £1,117,285 | £40,482 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,076,803 |
| Maximum cost in the last six months | £1,117,285 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,482 |
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 £40,482 more.
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