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House
San Miguel de Abona, Tenerife, Spain
REF: 780327
€199,500
Description
A property with vast potential awaits in San Miguel! Discover a fantastic opportunity with Morfitt Properties Tenerife as we present a generously sized house for sale, ripe for renovation. Nestled in San Miguel, this property features a spacious, level plot of 750m2, designated as urban land, offering you the flexibility to construct a garage or an extension. Boasting over 100m2 of living space, the house also presents the exciting possibility of adding another floor to suit your needs. While the property requires renovation, it promises abundant potential and comes equipped with connections to mains water and electricity. Don't miss out on this captivating project get in touch with our office today to schedule a visit.
A property with vast potential awaits in San Miguel! Discover a fantastic opportunity with Morfitt Properties Tenerife as we present a generously sized house for sale, ripe for renovation. Nestled in San Miguel, this property features a spacious, level plot of 750m2, designated as urban land, offering you the flexibility to construct a garage or an extension. Boasting over 100m2 of living space, the house also presents the exciting possibility of adding another floor to suit your needs. While the property requires renovation, it promises abundant potential and comes equipped with connections to mains water and electricity. Don't miss out on this captivating project get in touch with our office today to schedule a visit.
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Property on Map
Currency Exchange
San Miguel de Abona, 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 €199,500 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 |
|---|---|---|---|
| €199,500 | £165,248 | £171,460 | £6,212 |
| Property Price € | €199,500 |
| Minimum cost in the last six months | £165,248 |
| Maximum cost in the last six months | £171,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,212 |
San Miguel de Abona, 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 €199,500 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 |
|---|---|---|---|
| €199,500 | £165,248 | £171,460 | £6,212 |
| Property Price € | €199,500 |
| Minimum cost in the last six months | £165,248 |
| Maximum cost in the last six months | £171,460 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,212 |
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 £6,212 more.
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