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This charming property of 122 m2 built on a plot of 80 m2, needs a renovation and is located in the small hamlet of El Toril, in the Alcaucin area in the province of Malaga
Alcaucín, Málaga, Spain
REF: 830128
€85,000
Description
This charming property of 122 m2 built on a plot of 80 m2, needs a renovation and is located in the small hamlet of El Toril, in the Alcaucin area in the province of Malaga. If you are looking for a property to reform it to your own taste, this is a great opportunity. With its incredible features: 4 bedrooms, 2 bathrooms, large terrace, kitchen, living room with fireplace and spectacular mountain views. The property is located at only 10 minutes from all amenities and less than 30 minutes from the beach. This area also offers different hiking trails and a constant state of peace. The house under construction is divided into three floors, with the top floor being the terrace of the property, where you can enjoy the sunshine. Whether you want it for yourself or not, this property has a great investment potential, with a possible B&B option.
This charming property of 122 m2 built on a plot of 80 m2, needs a renovation and is located in the small hamlet of El Toril, in the Alcaucin area in the province of Malaga. If you are looking for a property to reform it to your own taste, this is a great opportunity. With its incredible features: 4 bedrooms, 2 bathrooms, large terrace, kitchen, living room with fireplace and spectacular mountain views. The property is located at only 10 minutes from all amenities and less than 30 minutes from the beach. This area also offers different hiking trails and a constant state of peace. The house under construction is divided into three floors, with the top floor being the terrace of the property, where you can enjoy the sunshine. Whether you want it for yourself or not, this property has a great investment potential, with a possible B&B option.
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Currency Exchange
Alcaucín, Málaga, 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 €85,000 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 |
|---|---|---|---|
| €85,000 | £70,406 | £73,053 | £2,647 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £70,406 |
| Maximum cost in the last six months | £73,053 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,647 |
Alcaucín, Málaga, 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 €85,000 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 |
|---|---|---|---|
| €85,000 | £70,406 | £73,053 | £2,647 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £70,406 |
| Maximum cost in the last six months | £73,053 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,647 |
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 £2,647 more.
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