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Modern apartment located directly on the Paseo Marítimo of the island's capital Palma, just a few steps away from Palma's famous and popular neighborhoods with narrow streets and small squares, numerous charming stores, restaurants and bars, and main attractions such as the cathedral "La Seu" or the
Palma, Mallorca, Spain
REF: 681628
€694,000
Description
Modern apartment located directly on the Paseo Marítimo of the island's capital Palma, just a few steps away from Palma's famous and popular neighborhoods with narrow streets and small squares, numerous charming stores, restaurants and bars, and main attractions such as the cathedral "La Seu" or the Almudaina Palace. The apartment, renovated in 2008, is located on the 10th floor of a townhouse with elevator, built in 1974, and offers 123 m of construction and 118 m of pure living space, including a living and dining room, an equipped kitchen, 3 bedrooms, 2 bathrooms and a dressing room. Most of the rooms, as well as the balcony, offer views to the promenade, the sea and the port, up to the cathedral in the front area and views to the hilly landscape up to the Bellver Castle in the back area. The property is equipped with air conditioning cold/hot, double glazed windows and limited parking in the private parking lot of the community. Annual property taxes (IBI) are approximately 533 , annual waste fees are 126 per year and monthly community fees are 120 and include the cost of water.
Modern apartment located directly on the Paseo Marítimo of the island's capital Palma, just a few steps away from Palma's famous and popular neighborhoods with narrow streets and small squares, numerous charming stores, restaurants and bars, and main attractions such as the cathedral "La Seu" or the Almudaina Palace. The apartment, renovated in 2008, is located on the 10th floor of a townhouse with elevator, built in 1974, and offers 123 m of construction and 118 m of pure living space, including a living and dining room, an equipped kitchen, 3 bedrooms, 2 bathrooms and a dressing room. Most of the rooms, as well as the balcony, offer views to the promenade, the sea and the port, up to the cathedral in the front area and views to the hilly landscape up to the Bellver Castle in the back area. The property is equipped with air conditioning cold/hot, double glazed windows and limited parking in the private parking lot of the community. Annual property taxes (IBI) are approximately 533 , annual waste fees are 126 per year and monthly community fees are 120 and include the cost of 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 €694,000 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 |
|---|---|---|---|
| €694,000 | £577,325 | £597,270 | £19,946 |
| Property Price € | €694,000 |
| Minimum cost in the last six months | £577,325 |
| Maximum cost in the last six months | £597,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,946 |
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 €694,000 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 |
|---|---|---|---|
| €694,000 | £577,325 | £597,270 | £19,946 |
| Property Price € | €694,000 |
| Minimum cost in the last six months | £577,325 |
| Maximum cost in the last six months | £597,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,946 |
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 £19,946 more.
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