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This recently modernised ground floor flat in a building built in 1950 is located in one of the most fashionable areas of Palma, close to the famous Passeo Maritimo and close to all amenities such as trendy bars, restaurants, promenade, port, shopping and the historic old town
Palma, Mallorca, Spain
REF: 641078
€400,000
Description
This recently modernised ground floor flat in a building built in 1950 is located in one of the most fashionable areas of Palma, close to the famous Passeo Maritimo and close to all amenities such as trendy bars, restaurants, promenade, port, shopping and the historic old town. The flat has 73 m of living space distributed over 2 double bedrooms, a bathroom, a separate living area and a minimalist kitchen with a spacious dining area and an adjoining terrace. The flat has recently been completely renovated and is particularly characterised by high ceilings with wooden beams and a purist atmosphere with old town flair. Air conditioning Double glazed windows Tiles/marble Natural stone elements Armoured door Fitted wardrobes Sandstone walls Terrace High ceilings Exposed beams In Santa Catalina, the trendy area of Palma, only a few minutes walk from the famous market hall, the Paseo Marítimo, the cathedral and the city centre, with all shopping facilities, schools, kindergartens, doctors, public transport, the most exclusive bars and restaurants. The apartment is also available for long-term rent. Conditions: 1.890 monthly cold, incl. water. Price for at least 12 months: 1.600,00 /Cold incl. water
This recently modernised ground floor flat in a building built in 1950 is located in one of the most fashionable areas of Palma, close to the famous Passeo Maritimo and close to all amenities such as trendy bars, restaurants, promenade, port, shopping and the historic old town. The flat has 73 m of living space distributed over 2 double bedrooms, a bathroom, a separate living area and a minimalist kitchen with a spacious dining area and an adjoining terrace. The flat has recently been completely renovated and is particularly characterised by high ceilings with wooden beams and a purist atmosphere with old town flair. Air conditioning Double glazed windows Tiles/marble Natural stone elements Armoured door Fitted wardrobes Sandstone walls Terrace High ceilings Exposed beams In Santa Catalina, the trendy area of Palma, only a few minutes walk from the famous market hall, the Paseo Marítimo, the cathedral and the city centre, with all shopping facilities, schools, kindergartens, doctors, public transport, the most exclusive bars and restaurants. The apartment is also available for long-term rent. Conditions: 1.890 monthly cold, incl. water. Price for at least 12 months: 1.600,00 /Cold incl. water
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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 €400,000 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 |
|---|---|---|---|
| €400,000 | £331,324 | £343,780 | £12,456 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £331,324 |
| Maximum cost in the last six months | £343,780 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,456 |
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 €400,000 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 |
|---|---|---|---|
| €400,000 | £331,324 | £343,780 | £12,456 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £331,324 |
| Maximum cost in the last six months | £343,780 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,456 |
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 £12,456 more.
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