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Well maintained terraced house with sea views and courtyard in El Molinar, a highly sought after area of Palma, a few minutes drive from the airport, Palma's town center and the Paseo Marítimo, with the beach on the doorstep and several harbors, all shopping facilities, bars and restaurants, schools
Palma, Mallorca, Spain
REF: 584921
€1,270,000
Description
Well maintained terraced house with sea views and courtyard in El Molinar, a highly sought after area of Palma, a few minutes drive from the airport, Palma's town center and the Paseo Marítimo, with the beach on the doorstep and several harbors, all shopping facilities, bars and restaurants, schools and kindergartens in the immediate vicinity. The 2-storeyed terraced house, built in 1993 on a plot of 127 m , is divided into 220 m of construction area and 150 m of living space on 2 floors. On the first floor there is a large living and dining room with fireplace, a fully equipped kitchen, a guest toilet and a garage, 4 double bedrooms with fitted wardrobes and 2 bathrooms, one of them en suite, on the upper floor and an office in the attic. The house is also equipped with a total of 2 terraces, parquet floors, a parking space, as well as central heating, air conditioning and a fireplace.
Well maintained terraced house with sea views and courtyard in El Molinar, a highly sought after area of Palma, a few minutes drive from the airport, Palma's town center and the Paseo Marítimo, with the beach on the doorstep and several harbors, all shopping facilities, bars and restaurants, schools and kindergartens in the immediate vicinity. The 2-storeyed terraced house, built in 1993 on a plot of 127 m , is divided into 220 m of construction area and 150 m of living space on 2 floors. On the first floor there is a large living and dining room with fireplace, a fully equipped kitchen, a guest toilet and a garage, 4 double bedrooms with fitted wardrobes and 2 bathrooms, one of them en suite, on the upper floor and an office in the attic. The house is also equipped with a total of 2 terraces, parquet floors, a parking space, as well as central heating, air conditioning and a fireplace.
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Currency Exchange
Palma, Mallorca, 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 €1,270,000 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 |
|---|---|---|---|
| €1,270,000 | £1,056,488 | £1,092,987 | £36,500 |
| Property Price € | €1,270,000 |
| Minimum cost in the last six months | £1,056,488 |
| Maximum cost in the last six months | £1,092,987 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,500 |
Palma, Mallorca, 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 €1,270,000 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 |
|---|---|---|---|
| €1,270,000 | £1,056,488 | £1,092,987 | £36,500 |
| Property Price € | €1,270,000 |
| Minimum cost in the last six months | £1,056,488 |
| Maximum cost in the last six months | £1,092,987 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £36,500 |
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 £36,500 more.
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