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MINIMALIST TURNKEY PROJECT IN CALA VINYES Minimalist construction project in Cala Vinyes, just a few meters from the famous Nikki beach club, with fine bays, shops, international schools and the island's capital Palma in the immediate vicinity
Calvia / Cala Vinyes, Mallorca, Spain
REF: 596464
€3,950,000
Description
MINIMALIST TURNKEY PROJECT IN CALA VINYES Minimalist construction project in Cala Vinyes, just a few meters from the famous Nikki beach club, with fine bays, shops, international schools and the island's capital Palma in the immediate vicinity. The plot has a total area of 1440 m and the project has a constructed area of 400 m . In addition, the following breakdown is taken into account: 4 bedrooms and 4 bathrooms, basement / basement garage of 50 m , a pool with an area of about 50 m , spacious living / dining area and other common areas. The object is handed over turnkey and on request also furnished and fully equipped. Purchase price Turnkey: 2.450.000 Euro A purchase of land with construction project / license without construction is also possible Purchase price: 695,000 euros
MINIMALIST TURNKEY PROJECT IN CALA VINYES Minimalist construction project in Cala Vinyes, just a few meters from the famous Nikki beach club, with fine bays, shops, international schools and the island's capital Palma in the immediate vicinity. The plot has a total area of 1440 m and the project has a constructed area of 400 m . In addition, the following breakdown is taken into account: 4 bedrooms and 4 bathrooms, basement / basement garage of 50 m , a pool with an area of about 50 m , spacious living / dining area and other common areas. The object is handed over turnkey and on request also furnished and fully equipped. Purchase price Turnkey: 2.450.000 Euro A purchase of land with construction project / license without construction is also possible Purchase price: 695,000 euros
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Currency Exchange
Calvia / Cala Vinyes, 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 €3,950,000 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 |
|---|---|---|---|
| €3,950,000 | £3,271,825 | £3,394,828 | £123,003 |
| Property Price € | €3,950,000 |
| Minimum cost in the last six months | £3,271,825 |
| Maximum cost in the last six months | £3,394,828 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,003 |
Calvia / Cala Vinyes, 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 €3,950,000 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 |
|---|---|---|---|
| €3,950,000 | £3,271,825 | £3,394,828 | £123,003 |
| Property Price € | €3,950,000 |
| Minimum cost in the last six months | £3,271,825 |
| Maximum cost in the last six months | £3,394,828 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £123,003 |
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 £123,003 more.
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