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106,044 m2 of development land for sale at 109 euros per m2 (approx
Mijas, Malaga, Spain
REF: 588544
€11,500,000
Description
106,044 m2 of development land for sale at 109 euros per m2 (approx.) It comes with a planning permit of 0.21 m2/m2 gross land area - with the consequent permission for approximately 159 residential townhouses and villas with a total 22,269 m2 construction plus areas for garages and uncovered terraces. The property benefits from magnificent sea views toward south as well as mountain views towards north. The Alhaurín and Mijas golf courses are within 15 minutes' drive and at least ten other courses can be reached just within 15 to 30 minutes by car. Type of construction: two-storey townhouses and two-storey detached villas, as well as additional underground basements, garages and storage and uncovered terraces which are not computed in the total building allowance.
106,044 m2 of development land for sale at 109 euros per m2 (approx.) It comes with a planning permit of 0.21 m2/m2 gross land area - with the consequent permission for approximately 159 residential townhouses and villas with a total 22,269 m2 construction plus areas for garages and uncovered terraces. The property benefits from magnificent sea views toward south as well as mountain views towards north. The Alhaurín and Mijas golf courses are within 15 minutes' drive and at least ten other courses can be reached just within 15 to 30 minutes by car. Type of construction: two-storey townhouses and two-storey detached villas, as well as additional underground basements, garages and storage and uncovered terraces which are not computed in the total building allowance.
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Currency Exchange
Mijas, Malaga, 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 €11,500,000 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 |
|---|---|---|---|
| €11,500,000 | £9,566,620 | £9,897,130 | £330,510 |
| Property Price € | €11,500,000 |
| Minimum cost in the last six months | £9,566,620 |
| Maximum cost in the last six months | £9,897,130 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £330,510 |
Mijas, Malaga, 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 €11,500,000 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 |
|---|---|---|---|
| €11,500,000 | £9,566,620 | £9,897,130 | £330,510 |
| Property Price € | €11,500,000 |
| Minimum cost in the last six months | £9,566,620 |
| Maximum cost in the last six months | £9,897,130 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £330,510 |
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 £330,510 more.
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