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Urban plot for sale in Binibeca for construction
Binibeca Nou, Spain
REF: 589335
€1,800,000
Description
Spectacular building plot for sale only 600 m from the beach of Binibeca. With a total area of 6.000 m , this urban plot offers a multitude of possibilities. A maximum of 8 smaller plots can be divided and a villa can be built on each of them. The property is classified as 'Residencial Extensiva Concentrada'; therefore, for residential use, the regulations establish a maximum buildability of 35% on ground floor and first floor and a maximum occupation of 25%. Hotel use is also permitted, with a buildable area of 60% on the ground and first floors. Despite the fact that the Binibeca Nou urbanisation does not have a sewerage system and theoretically would not be granted a new building permit, as there is already a building on this plot, the Town Hall allows its extension and division, so that a municipal building permit can be obtained. #ref:S2237
Spectacular building plot for sale only 600 m from the beach of Binibeca. With a total area of 6.000 m , this urban plot offers a multitude of possibilities. A maximum of 8 smaller plots can be divided and a villa can be built on each of them. The property is classified as 'Residencial Extensiva Concentrada'; therefore, for residential use, the regulations establish a maximum buildability of 35% on ground floor and first floor and a maximum occupation of 25%. Hotel use is also permitted, with a buildable area of 60% on the ground and first floors. Despite the fact that the Binibeca Nou urbanisation does not have a sewerage system and theoretically would not be granted a new building permit, as there is already a building on this plot, the Town Hall allows its extension and division, so that a municipal building permit can be obtained. #ref:S2237
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Currency Exchange
Binibeca Nou, 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 €1,800,000 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 |
|---|---|---|---|
| €1,800,000 | £1,490,958 | £1,547,010 | £56,052 |
| Property Price € | €1,800,000 |
| Minimum cost in the last six months | £1,490,958 |
| Maximum cost in the last six months | £1,547,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,052 |
Binibeca Nou, 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 €1,800,000 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 |
|---|---|---|---|
| €1,800,000 | £1,490,958 | £1,547,010 | £56,052 |
| Property Price € | €1,800,000 |
| Minimum cost in the last six months | £1,490,958 |
| Maximum cost in the last six months | £1,547,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,052 |
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 £56,052 more.
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