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Former factory converted into housing, Mahon
Mah n, Spain
REF: 751124
€550,000
Description
Would you like to live in an old factory in the centre of Mahon converted in a spectacular and exclusive design home? This is your time...! A house of open spaces, first quality materials where traditional elements such as the local 'mar s' stone have mixed with Jatoba wood, stairs designed made-to-order and crafted using handmade forge, terraces with teak decking. Totally renovated, very bright and with several outdoor terraces, enjoy some unobstructed views over the roofs of old buildings and to the ends of the city. The first floor is conventional with 2 bedrooms and 2 bathrooms, one with Jacuzzi. The second floor and the attic are loft-like with a large clear space and total visibility. Here we have the main living room, kitchen, library or office, and covered terrace. We will agree that it is a unique and exclusive property resembling the most 'chic' homes of large European cities,... don't you think #ref:V3248
Would you like to live in an old factory in the centre of Mahon converted in a spectacular and exclusive design home? This is your time...! A house of open spaces, first quality materials where traditional elements such as the local 'mar s' stone have mixed with Jatoba wood, stairs designed made-to-order and crafted using handmade forge, terraces with teak decking. Totally renovated, very bright and with several outdoor terraces, enjoy some unobstructed views over the roofs of old buildings and to the ends of the city. The first floor is conventional with 2 bedrooms and 2 bathrooms, one with Jacuzzi. The second floor and the attic are loft-like with a large clear space and total visibility. Here we have the main living room, kitchen, library or office, and covered terrace. We will agree that it is a unique and exclusive property resembling the most 'chic' homes of large European cities,... don't you think #ref:V3248
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Currency Exchange
Mah n, 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 |
Mah n, 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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