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The property was built in 1936 on a plot of 392m2, distributed over 3 floors with a protected façade and staircase
Palma, Mallorca, Spain
REF: 742916
€1,800,000
Description
The property was built in 1936 on a plot of 392m2, distributed over 3 floors with a protected façade and staircase. The ground floor is suitable for commercial use and offers an area of 350m2, which can also be converted into a car park according to a desired plan. The first floor offers an area of 204m2 with a terrace of 54m2. The first floor has an area of 162m2. A total of 6 double bedrooms and 3 bathrooms, also a kitchen and a guest toilet. FACILITIES: Patio 325m2 commercial area Terrace living level Roof terrace Storage room
The property was built in 1936 on a plot of 392m2, distributed over 3 floors with a protected façade and staircase. The ground floor is suitable for commercial use and offers an area of 350m2, which can also be converted into a car park according to a desired plan. The first floor offers an area of 204m2 with a terrace of 54m2. The first floor has an area of 162m2. A total of 6 double bedrooms and 3 bathrooms, also a kitchen and a guest toilet. FACILITIES: Patio 325m2 commercial area Terrace living level Roof terrace Storage room
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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 €1,800,000 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 |
|---|---|---|---|
| €1,800,000 | £1,490,958 | £1,547,010 | £56,052 |
| Property Price € | €1,800,000 |
| Minimum cost in the last six months | £1,490,958 |
| Maximum cost in the last six months | £1,547,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,052 |
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 €1,800,000 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 |
|---|---|---|---|
| €1,800,000 | £1,490,958 | £1,547,010 | £56,052 |
| Property Price € | €1,800,000 |
| Minimum cost in the last six months | £1,490,958 |
| Maximum cost in the last six months | £1,547,010 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,052 |
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 £56,052 more.
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