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The detached house built in 1935 on a plot of 532m2 has a construction area of 337m2 on one level with the following distribution: A living room with a fantastic sea view, a French wood fireplace and air conditioning, 6 bedrooms (two of them are equipped with air conditioning), 3 bathrooms (one ba
Palma, Mallorca, Spain
REF: 698485
€2,415,000
Description
The detached house built in 1935 on a plot of 532m2 has a construction area of 337m2 on one level with the following distribution: A living room with a fantastic sea view, a French wood fireplace and air conditioning, 6 bedrooms (two of them are equipped with air conditioning), 3 bathrooms (one bathroom en suite), 1 separate toilet, a large kitchen, laundry room, exit to the inner terrace with pool and exit to the roof terrace. In the inner terrace there is a small entrance to a cellar room (bodega) and access to the garage. The house is surrounded by 2 additional parking spaces and a large terrace overlooking the sea. In the garage is the gas oil tank for the heaters, plenty of storage space and space for 2-3 cars. Air conditioning, climalit, roof terrace, Majorcan shutters, heaters in all rooms, French wood-burning fireplace, diesel tank for heating, swimming pool, hydraulic tiles, parking, garage, storage room, security bars on all windows, fitted wardrobes in all the rooms . Annual property tax: 600 Annual waste fees: 126
The detached house built in 1935 on a plot of 532m2 has a construction area of 337m2 on one level with the following distribution: A living room with a fantastic sea view, a French wood fireplace and air conditioning, 6 bedrooms (two of them are equipped with air conditioning), 3 bathrooms (one bathroom en suite), 1 separate toilet, a large kitchen, laundry room, exit to the inner terrace with pool and exit to the roof terrace. In the inner terrace there is a small entrance to a cellar room (bodega) and access to the garage. The house is surrounded by 2 additional parking spaces and a large terrace overlooking the sea. In the garage is the gas oil tank for the heaters, plenty of storage space and space for 2-3 cars. Air conditioning, climalit, roof terrace, Majorcan shutters, heaters in all rooms, French wood-burning fireplace, diesel tank for heating, swimming pool, hydraulic tiles, parking, garage, storage room, security bars on all windows, fitted wardrobes in all the rooms . Annual property tax: 600 Annual waste fees: 126
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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 €2,415,000 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 |
|---|---|---|---|
| €2,415,000 | £2,008,990 | £2,078,397 | £69,407 |
| Property Price € | €2,415,000 |
| Minimum cost in the last six months | £2,008,990 |
| Maximum cost in the last six months | £2,078,397 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £69,407 |
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 €2,415,000 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 |
|---|---|---|---|
| €2,415,000 | £2,008,990 | £2,078,397 | £69,407 |
| Property Price € | €2,415,000 |
| Minimum cost in the last six months | £2,008,990 |
| Maximum cost in the last six months | £2,078,397 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £69,407 |
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 £69,407 more.
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