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Apartment
Palm Mar, Tenerife, Spain
REF: 734881
€550,000
Description
Morfitt Properties are proud to offer this fantastic 2 bedroom luxury apartment located in the exclusive residential complex Bahía de los Menceyes, on the first floor. This property offers panoramic views of the ocean, as well as the Natural Reserve of La Rasca. This apartment is finished with the most luxurious materials, which allows the owner to enjoy it to the fullest. It is offered in perfect condition and total furnished. The kitchen is American with Bosch appliances. The surface is 127.26m2 and are divided into 101.47m2 built and 25.79m2 of covered terrace. The built area consists of two bedrooms with suite bathrooms, a toilet, open kitchen, dining room and living room with direct access to the terrace. In the underground garage there is a parking space, from this level there is a lift which takes you to the apartment level. The complex has a heated pool and is surrounded by beautiful gardens designed with exotic palm trees, subtropical plants and large sunny terraces.
Morfitt Properties are proud to offer this fantastic 2 bedroom luxury apartment located in the exclusive residential complex Bahía de los Menceyes, on the first floor. This property offers panoramic views of the ocean, as well as the Natural Reserve of La Rasca. This apartment is finished with the most luxurious materials, which allows the owner to enjoy it to the fullest. It is offered in perfect condition and total furnished. The kitchen is American with Bosch appliances. The surface is 127.26m2 and are divided into 101.47m2 built and 25.79m2 of covered terrace. The built area consists of two bedrooms with suite bathrooms, a toilet, open kitchen, dining room and living room with direct access to the terrace. In the underground garage there is a parking space, from this level there is a lift which takes you to the apartment level. The complex has a heated pool and is surrounded by beautiful gardens designed with exotic palm trees, subtropical plants and large sunny terraces.
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Currency Exchange
Palm Mar, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
Palm Mar, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £455,571 | £472,698 | £17,127 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £455,571 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,127 |
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 £17,127 more.
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