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Apartment
Costa del Silencio, Tenerife, Spain
REF: 628065
€718,000
Description
Morfitt Properties are pleased to offer for sale a new development in Tenerife! Minerva Apartments complex is located in Costa del Silencio on the first line with frontal views of the sea. It is a new project that consists of 16 exclusive apartments in total, of which 7 are already sold. A GREAT OPPORTUNITY to buy a luxury apartment with 2 or 3 bedrooms, very bright and spacious, with a total area of 105 m2. The outdoor seating terraces offer unobstructed panoramic sea views. All apartments will be finished with high quality construction materials and finishes. Several apartments have their private pools from 15 m2 to 27 m2. Completion scheduled for the end of 2023. Prices start from 718,000 for a 2 bedroom front line apartment and 697,000 for a 3 bedroom front line apartment.
Morfitt Properties are pleased to offer for sale a new development in Tenerife! Minerva Apartments complex is located in Costa del Silencio on the first line with frontal views of the sea. It is a new project that consists of 16 exclusive apartments in total, of which 7 are already sold. A GREAT OPPORTUNITY to buy a luxury apartment with 2 or 3 bedrooms, very bright and spacious, with a total area of 105 m2. The outdoor seating terraces offer unobstructed panoramic sea views. All apartments will be finished with high quality construction materials and finishes. Several apartments have their private pools from 15 m2 to 27 m2. Completion scheduled for the end of 2023. Prices start from 718,000 for a 2 bedroom front line apartment and 697,000 for a 3 bedroom front line apartment.
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Currency Exchange
Costa del Silencio, Tenerife, 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 €718,000 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 |
|---|---|---|---|
| €718,000 | £594,727 | £617,085 | £22,359 |
| Property Price € | €718,000 |
| Minimum cost in the last six months | £594,727 |
| Maximum cost in the last six months | £617,085 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,359 |
Costa del Silencio, Tenerife, 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 €718,000 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 |
|---|---|---|---|
| €718,000 | £594,727 | £617,085 | £22,359 |
| Property Price € | €718,000 |
| Minimum cost in the last six months | £594,727 |
| Maximum cost in the last six months | £617,085 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,359 |
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 £22,359 more.
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