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Torrevieja Centro, Spain
REF: 774625
€340,000
Description
This investment opportunity is presented in Torrevieja, on a plot of 417 square metres, with the possibility to build up to 4 storeys. This strategic location offers significant potential to develop a profitable real estate project. The land is located in a buildable area, which facilitates the planning and execution of a construction project. With an area of 417 square metres, it provides sufficient space to design and construct a building that can accommodate various residential or commercial units. The ability to build up to 4 storeys high offers the opportunity to maximise the available space and make the most of the land's potential. This could include the creation of flats, offices, commercial premises or other uses, depending on local market demand. As for the town of Torrevieja, it is important to note that it is a popular tourist area on the Costa Blanca, known for its pleasant climate and beaches. This can increase the attractiveness of the project for potential buyers or tenants. For developers and investors, this opportunity provides the chance to participate in the growth and development of an in-demand area, taking advantage of the strategic location of the land and the flexibility provided by regulations that allow construction of up to 4 storeys. It is essential to carry out a detailed market analysis and consult with real estate and urban planning professionals to ensure the success of the investment. In addition, it is crucial to understand the local regulations, associated costs and potential return on investment to make informed decisions and maximise the benefits of this unique opportunity in Torrevieja. #ref:2822
This investment opportunity is presented in Torrevieja, on a plot of 417 square metres, with the possibility to build up to 4 storeys. This strategic location offers significant potential to develop a profitable real estate project. The land is located in a buildable area, which facilitates the planning and execution of a construction project. With an area of 417 square metres, it provides sufficient space to design and construct a building that can accommodate various residential or commercial units. The ability to build up to 4 storeys high offers the opportunity to maximise the available space and make the most of the land's potential. This could include the creation of flats, offices, commercial premises or other uses, depending on local market demand. As for the town of Torrevieja, it is important to note that it is a popular tourist area on the Costa Blanca, known for its pleasant climate and beaches. This can increase the attractiveness of the project for potential buyers or tenants. For developers and investors, this opportunity provides the chance to participate in the growth and development of an in-demand area, taking advantage of the strategic location of the land and the flexibility provided by regulations that allow construction of up to 4 storeys. It is essential to carry out a detailed market analysis and consult with real estate and urban planning professionals to ensure the success of the investment. In addition, it is crucial to understand the local regulations, associated costs and potential return on investment to make informed decisions and maximise the benefits of this unique opportunity in Torrevieja. #ref:2822
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Currency Exchange
Torrevieja Centro, 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 €340,000 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 |
|---|---|---|---|
| €340,000 | £281,625 | £292,213 | £10,588 |
| Property Price € | €340,000 |
| Minimum cost in the last six months | £281,625 |
| Maximum cost in the last six months | £292,213 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,588 |
Torrevieja Centro, 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 €340,000 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 |
|---|---|---|---|
| €340,000 | £281,625 | £292,213 | £10,588 |
| Property Price € | €340,000 |
| Minimum cost in the last six months | £281,625 |
| Maximum cost in the last six months | £292,213 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,588 |
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 £10,588 more.
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