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Our agency offers for sale an apartment located in a popular complex in the Patalavaca area
Mogan, Gran Canaria, Spain, 35140
REF: 866502
€260,000
Description
Our agency offers for sale an apartment located in a popular complex in the Patalavaca area. The complex has direct sea views, a communal pool, solarium and mini market. It is a residential complex so it can be used as a home, a second home or as an investment to rent out. The apartment consists of a balcony with fantastic views of Anfi del Mar, a living room-equipped kitchen, two bedrooms and a full bathroom. Monthly community fee of 75 euros. Close to service areas such as supermarkets, restaurants, bus stop, taxi and within walking distance of the beach. *Visits to the property*: All those interested in viewing the property must present a valid identification document, such as DNI, NIE or passport, before the visit. In addition, they will be required to sign a visit sheet upon entering the property. * To reserve the property, an initial payment of 1 month's deposit will be required (to be returned within the legal deadlines, after having handed over the property to the owner, as long as the condition of the property is the same as when it was handed over to the tenant and the conditions of the rental contract are met). *Law 12/2023, of May 24, on the right to housing, approved in Congress on April 27, 2023, and in the Senate on May 18, which has been in force since the day after its inclusion in the BOE, on May 26, 2023, contemplates in Section 1 of Article 20 that in the case of housing rental contracts "the real estate management costs and those of formalizing the contract will be borne by the landlord." This regulation does not apply in the case of rental contracts for uses other than housing, such as premises, etc. And, in particular, it does not apply to seasonal rental contracts. In these cases, the tenant pays one month of the agency fees with the corresponding IGIC. * The information on the property is subject to possible errors and involuntary changes.
Our agency offers for sale an apartment located in a popular complex in the Patalavaca area. The complex has direct sea views, a communal pool, solarium and mini market. It is a residential complex so it can be used as a home, a second home or as an investment to rent out. The apartment consists of a balcony with fantastic views of Anfi del Mar, a living room-equipped kitchen, two bedrooms and a full bathroom. Monthly community fee of 75 euros. Close to service areas such as supermarkets, restaurants, bus stop, taxi and within walking distance of the beach. *Visits to the property*: All those interested in viewing the property must present a valid identification document, such as DNI, NIE or passport, before the visit. In addition, they will be required to sign a visit sheet upon entering the property. * To reserve the property, an initial payment of 1 month's deposit will be required (to be returned within the legal deadlines, after having handed over the property to the owner, as long as the condition of the property is the same as when it was handed over to the tenant and the conditions of the rental contract are met). *Law 12/2023, of May 24, on the right to housing, approved in Congress on April 27, 2023, and in the Senate on May 18, which has been in force since the day after its inclusion in the BOE, on May 26, 2023, contemplates in Section 1 of Article 20 that in the case of housing rental contracts "the real estate management costs and those of formalizing the contract will be borne by the landlord." This regulation does not apply in the case of rental contracts for uses other than housing, such as premises, etc. And, in particular, it does not apply to seasonal rental contracts. In these cases, the tenant pays one month of the agency fees with the corresponding IGIC. * The information on 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 €260,000 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 |
|---|---|---|---|
| €260,000 | £215,361 | £223,457 | £8,096 |
| Property Price € | €260,000 |
| Minimum cost in the last six months | £215,361 |
| Maximum cost in the last six months | £223,457 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,096 |
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 €260,000 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 |
|---|---|---|---|
| €260,000 | £215,361 | £223,457 | £8,096 |
| Property Price € | €260,000 |
| Minimum cost in the last six months | £215,361 |
| Maximum cost in the last six months | £223,457 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,096 |
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 £8,096 more.
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