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Lucas Fox presents this completely renovated duplex penthouse for sale in the prestigious Recoletos neighbourhood , Madrid
Madrid, Madrid, Spain, 28001
REF: 865027
€2,000,000
Description
Lucas Fox presents this completely renovated duplex penthouse for sale in the prestigious Recoletos neighbourhood , Madrid. It is distributed over two floors and benefits from high quality finishes and a modern and elegant design. Upon entering, we are welcomed by a spacious and bright living room with high ceilings and large windows that allow in abundant natural light. The kitchen, integrated into the space, is equipped with state-of- the-appliances . On the upper floor , there is a large terrace with panoramic views of the city. This outdoor space is perfect for enjoying moments of relaxation, outdoor meals or evenings with friends and family, all in an environment of tranquility and exclusivity. This floor houses a second private terrace, which offers additional space to enjoy the outdoors. It is ideal for creating an urban garden or a rest area and offers unobstructed views. The penthouse has two parking spaces in the same building, an exceptional feature in this central area of Madrid. The renovation includes air conditioning and underfloor heating, for an optimal temperature throughout the year. This duplex penthouse in Recoletos represents a unique opportunity to live in one of the most exclusive neighborhoods in Madrid. The property is sold profitably over a period of 10 years. Call us for more information.
Lucas Fox presents this completely renovated duplex penthouse for sale in the prestigious Recoletos neighbourhood , Madrid. It is distributed over two floors and benefits from high quality finishes and a modern and elegant design. Upon entering, we are welcomed by a spacious and bright living room with high ceilings and large windows that allow in abundant natural light. The kitchen, integrated into the space, is equipped with state-of- the-appliances . On the upper floor , there is a large terrace with panoramic views of the city. This outdoor space is perfect for enjoying moments of relaxation, outdoor meals or evenings with friends and family, all in an environment of tranquility and exclusivity. This floor houses a second private terrace, which offers additional space to enjoy the outdoors. It is ideal for creating an urban garden or a rest area and offers unobstructed views. The penthouse has two parking spaces in the same building, an exceptional feature in this central area of Madrid. The renovation includes air conditioning and underfloor heating, for an optimal temperature throughout the year. This duplex penthouse in Recoletos represents a unique opportunity to live in one of the most exclusive neighborhoods in Madrid. The property is sold profitably over a period of 10 years. Call us 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 €2,000,000 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 |
|---|---|---|---|
| €2,000,000 | £1,656,620 | £1,718,900 | £62,280 |
| Property Price € | €2,000,000 |
| Minimum cost in the last six months | £1,656,620 |
| Maximum cost in the last six months | £1,718,900 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,280 |
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 €2,000,000 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 |
|---|---|---|---|
| €2,000,000 | £1,656,620 | £1,718,900 | £62,280 |
| Property Price € | €2,000,000 |
| Minimum cost in the last six months | £1,656,620 |
| Maximum cost in the last six months | £1,718,900 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £62,280 |
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 £62,280 more.
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