This incredible opportunity is presented, a property that you can renovate to your liking, adapting its 110m2 to your tastes and needs

Madrid, Madrid, Spain

For Sale

€2,100,000

REF: 841941 €2,100,000


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Description

This incredible opportunity is presented, a property that you can renovate to your liking, adapting its 110m2 to your tastes and needs. All this just a few steps from Retiro Park, in Madrid. You can obtain 2 bedrooms as well as two bathrooms plus living room, dining room and kitchen. Every detail of the property can be perfected to raise the level to the maximum expression; giving its owner the opportunity to obtain, without a doubt, what will be a luxury property in the best area of Recoletos. Get in touch for more information
This incredible opportunity is presented, a property that you can renovate to your liking, adapting its 110m2 to your tastes and needs. All this just a few steps from Retiro Park, in Madrid. You can obtain 2 bedrooms as well as two bathrooms plus living room, dining room and kitchen. Every detail of the property can be perfected to raise the level to the maximum expression; giving its owner the opportunity to obtain, without a doubt, what will be a luxury property in the best area of Recoletos. Get in touch for more information
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Property on Map

#MAD50987

Currency Exchange

Madrid, Madrid, 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 €2,100,000 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
€2,100,000 £1,762,572 £1,811,376 £48,804
Property Price € €2,100,000
Minimum cost in the last six months £1,762,572
Maximum cost in the last six months £1,811,376
Fluctuating exchange rates over the last six months could have increased the cost of this property by £48,804

Madrid, Madrid, 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 €2,100,000 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
€2,100,000 £1,762,572 £1,811,376 £48,804
Property Price € €2,100,000
Minimum cost in the last six months £1,762,572
Maximum cost in the last six months £1,811,376
Fluctuating exchange rates over the last six months could have increased the cost of this property by £48,804

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 £48,804 more.

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