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Our agency offers for sale a duplex located in the Loma Dos urbanization
Mogan, Gran Canaria, Spain, 35140
REF: 852126
€340,000
Description
Our agency offers for sale a duplex located in the Loma Dos urbanization. It is a small complex of few units with access by stairs. It enjoys wonderful views of the sea. The main floor consists of an incredible terrace with space for a garden and barbecue, an equipped kitchen with a dining room, a living room that can be converted into a bedroom and a full bathroom. The upper floor consists of a large open terrace with sea views, a bedroom with access to the balcony overlooking the sea, a second bedroom and a bathroom. It has a monthly community fee of 60 euros with expenses not included. Close to service areas such as gas station, bus stop, supermarkets, school, and 1 minute by car from the beach. *Note: The use of the property will be subject in all cases to current legislation. The sale price does not include the taxes and expenses of the sale, including the Property Transfer Tax (equivalent to 6.5% or 1% in the case of the first transfer, plus its corresponding IGIC in this case), the fees of the Property Registry, notary and agency. Information about the property is subject to possible errors and involuntary changes.
Our agency offers for sale a duplex located in the Loma Dos urbanization. It is a small complex of few units with access by stairs. It enjoys wonderful views of the sea. The main floor consists of an incredible terrace with space for a garden and barbecue, an equipped kitchen with a dining room, a living room that can be converted into a bedroom and a full bathroom. The upper floor consists of a large open terrace with sea views, a bedroom with access to the balcony overlooking the sea, a second bedroom and a bathroom. It has a monthly community fee of 60 euros with expenses not included. Close to service areas such as gas station, bus stop, supermarkets, school, and 1 minute by car from the beach. *Note: The use of the property will be subject in all cases to current legislation. The sale price does not include the taxes and expenses of the sale, including the Property Transfer Tax (equivalent to 6.5% or 1% in the case of the first transfer, plus its corresponding IGIC in this case), the fees of the Property Registry, notary and agency. Information about the property is subject to possible errors and involuntary changes.
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Currency Exchange
Mogan, Gran Canaria, Spain, 35140
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 |
Mogan, Gran Canaria, Spain, 35140
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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