ESTEPONA

Estepona, Malaga, Spain

For Sale

€695,000

REF: 804115 €695,000



600 m2

2537 m2

Description

ESTEPONA ...PLOT Plot: 4,124m Max Build: 600m plus basement and terraces Large elevated plot with panoramic mountain views. Close to beach (2.5km), great restaurants, supermarkets, hospital, schools etc. La Panera on the New Golden Mile between San Pedro and Estepona is a beautiful and peaceful area, only 10 to 12 minutes from Puerto Banus.

High quality urbanisation with luxury villas. All services are in place to start building as soon as the license is granted The Atlas American School of Malaga, situated next to the Russian Orthodox Church, is going from strength to strength. It has a capacity of 700 students and is accelerating demand for high quality real estate in the area. Our immediate neighbours, the large national developer, Aedas are constructing a large number of luxury apartments at a rapid pace.

One of their brands, Libella is selling in the range of 660,000 to 1,300,000. Another, Australy Aures, is about to be marketed as a top end luxury development of apartments and is likely to be significantly higher in price. Construction has started of more luxury apartments by leading national developers, Azata. This is in addition to the extremely successful Vanian Gardens, located directly behind Atlas American School of Malaga.

Vanian Hills, with its panoramic sea views and high quality, is also in construction. We understand that all of the developments are selling strongly and many are sold out. All together there are more than 15 cranes operating in the area and more to come shortly. Hospiten, our local private hospital, is expanding by doubling it s size. There is provision for a small shopping centre opposite the entrance to Selwo, which is celebrating its 25th anniversary this year.

No date has yet been announced for this. Starlite Music World will be built to the west of the Russian Orthodox Church. Apart from an auditorium, there will be a hotel of 200 rooms as well as recording studios, film facilities, restaurants and a lake. This is reported to have a development cost of 286 million. The total investment in the immediate area exceeds 700 million. A new paddle tennis club is under construction, consisting of 11 courts as well as a spa and restaurant. The area is already well served by great up-market restaurants and beach bars such as Bossa and Sonora Beach, supermarkets such as Mercadona, Aldi, Lidl and Carrefour and several petrol stations. La Resina is a consolidated area. While we enjoy all of these benefits we still retain our rural atmosphere.
ESTEPONA ...PLOT Plot: 4,124m Max Build: 600m plus basement and terraces Large elevated plot with panoramic mountain views. Close to beach (2.5km), great restaurants, supermarkets, hospital, schools etc. La Panera on the New Golden Mile between San Pedro and Estepona is a beautiful and peaceful area, only 10 to 12 minutes from Puerto Banus.

High quality urbanisation with luxury villas. All services are in place to start building as soon as the license is granted The Atlas American School of Malaga, situated next to the Russian Orthodox Church, is going from strength to strength. It has a capacity of 700 students and is accelerating demand for high quality real estate in the area. Our immediate neighbours, the large national developer, Aedas are constructing a large number of luxury apartments at a rapid pace.

One of their brands, Libella is selling in the range of 660,000 to 1,300,000. Another, Australy Aures, is about to be marketed as a top end luxury development of apartments and is likely to be significantly higher in price. Construction has started of more luxury apartments by leading national developers, Azata. This is in addition to the extremely successful Vanian Gardens, located directly behind Atlas American School of Malaga.

Vanian Hills, with its panoramic sea views and high quality, is also in construction. We understand that all of the developments are selling strongly and many are sold out. All together there are more than 15 cranes operating in the area and more to come shortly. Hospiten, our local private hospital, is expanding by doubling it s size. There is provision for a small shopping centre opposite the entrance to Selwo, which is celebrating its 25th anniversary this year.

No date has yet been announced for this. Starlite Music World will be built to the west of the Russian Orthodox Church. Apart from an auditorium, there will be a hotel of 200 rooms as well as recording studios, film facilities, restaurants and a lake. This is reported to have a development cost of 286 million. The total investment in the immediate area exceeds 700 million. A new paddle tennis club is under construction, consisting of 11 courts as well as a spa and restaurant. The area is already well served by great up-market restaurants and beach bars such as Bossa and Sonora Beach, supermarkets such as Mercadona, Aldi, Lidl and Carrefour and several petrol stations. La Resina is a consolidated area. While we enjoy all of these benefits we still retain our rural atmosphere.
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Property on Map

#M259062

Currency Exchange

Estepona, Malaga, 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 €695,000 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
€695,000 £575,675 £597,318 £21,642
Property Price € €695,000
Minimum cost in the last six months £575,675
Maximum cost in the last six months £597,318
Fluctuating exchange rates over the last six months could have increased the cost of this property by £21,642

Estepona, Malaga, 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 €695,000 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
€695,000 £575,675 £597,318 £21,642
Property Price € €695,000
Minimum cost in the last six months £575,675
Maximum cost in the last six months £597,318
Fluctuating exchange rates over the last six months could have increased the cost of this property by £21,642

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 £21,642 more.

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