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Lucas Fox International Properties presents for sale this magnificent 240 m apartment located in the heart of Recoletos, one of the most prestigious neighborhoods in Madrid
Madrid, Madrid, Spain, 28001
REF: 857643
€5,400,000
Description
Lucas Fox International Properties presents for sale this magnificent 240 m apartment located in the heart of Recoletos, one of the most prestigious neighborhoods in Madrid. The property has recently been renovated, so it is presented in impeccable condition. Upon entering, we find a entrance hall that serves as a hall. Next, the spacious day area is arranged with several environments: living room, dining room and kitchen, with access to a wonderful 50 m terrace. The modern kitchen is presented furnished with quality furniture. The night area consists of three double bedrooms, each with its private bathroom and large built-in wardrobes. In the same building, the apartment has a storage room. Thanks to its excellent layout, spaciousness and location in a privileged area, this property is an excellent option for those looking for a main residence to live in all year round or a second residence to spend time in Madrid. Get in touch for more information.
Lucas Fox International Properties presents for sale this magnificent 240 m apartment located in the heart of Recoletos, one of the most prestigious neighborhoods in Madrid. The property has recently been renovated, so it is presented in impeccable condition. Upon entering, we find a entrance hall that serves as a hall. Next, the spacious day area is arranged with several environments: living room, dining room and kitchen, with access to a wonderful 50 m terrace. The modern kitchen is presented furnished with quality furniture. The night area consists of three double bedrooms, each with its private bathroom and large built-in wardrobes. In the same building, the apartment has a storage room. Thanks to its excellent layout, spaciousness and location in a privileged area, this property is an excellent option for those looking for a main residence to live in all year round or a second residence to spend time in Madrid. Get in touch for more information.
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Currency Exchange
Madrid, Madrid, Spain, 28001
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 €5,400,000 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 |
|---|---|---|---|
| €5,400,000 | £4,472,874 | £4,641,030 | £168,156 |
| Property Price € | €5,400,000 |
| Minimum cost in the last six months | £4,472,874 |
| Maximum cost in the last six months | £4,641,030 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £168,156 |
Madrid, Madrid, Spain, 28001
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 €5,400,000 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 |
|---|---|---|---|
| €5,400,000 | £4,472,874 | £4,641,030 | £168,156 |
| Property Price € | €5,400,000 |
| Minimum cost in the last six months | £4,472,874 |
| Maximum cost in the last six months | £4,641,030 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £168,156 |
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 £168,156 more.
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