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ESTEPONA, - Forest Hills area Bargain for investors and developers:- 9 residential plots sold as a package (note the plots are in the same area but not necesarilly next to each other Investor alert, 35141m2 of land to build up to 16579m2 of properties within a 5-8minute drive to the beach and am
Estepona, Malaga, Spain
REF: 687281
€2,200,000
Description
ESTEPONA, - Forest Hills area
Bargain for investors and developers:- 9 residential plots sold as a package (note the plots are in the same area but not necesarilly next to each other
Investor alert, 35141m2 of land to build up to 16579m2 of properties within a 5-8minute drive to the beach and amenities, Estepona is aprox 12 min away and Puerto Banus 15 min away
The price for the plots is 2,2 million ,
The re-development of the area will cost approximately 1.7million which will need to be paid in stages to the townhall (usually as building licenses are granted)
9 residential plots in the same area for sale, must be purchased as a package
A mix use of apartments, townhouses and villas as follows:
Plot 1- residential building for up to 128 apartments
Plot 2 - for 7 semidetached houses
Plot 3 - for 18 semidetached houses
Plot 4 to 9 - for 6 villas (1 villa in each plot)
ESTEPONA, - Forest Hills area
Bargain for investors and developers:- 9 residential plots sold as a package (note the plots are in the same area but not necesarilly next to each other
Investor alert, 35141m2 of land to build up to 16579m2 of properties within a 5-8minute drive to the beach and amenities, Estepona is aprox 12 min away and Puerto Banus 15 min away
The price for the plots is 2,2 million ,
The re-development of the area will cost approximately 1.7million which will need to be paid in stages to the townhall (usually as building licenses are granted)
9 residential plots in the same area for sale, must be purchased as a package
A mix use of apartments, townhouses and villas as follows:
Plot 1- residential building for up to 128 apartments
Plot 2 - for 7 semidetached houses
Plot 3 - for 18 semidetached houses
Plot 4 to 9 - for 6 villas (1 villa in each plot)
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Property on Map
Currency Exchange
Estepona, Malaga, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
Estepona, Malaga, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
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 £68,508 more.
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