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Spectacular ground floor apartment less than 100m from the sea in El Médano, the property consists of two bedrooms, a bathroom and a toilet
El Medano, Tenerife, Spain, 38612
REF: 866718
€348,000
Description
Spectacular ground floor apartment less than 100m from the sea in El Médano, the property consists of two bedrooms, a bathroom and a toilet. Open plan kitchen with spacious living room and a fantastic terrace. The property has been renovated, the living and dining area has been extended. The large terrace is ideal for a late dinner or space for the children. It is located in the Riazor building just a few steps from the Paseo del Medano, ideal for investment with its holiday licence. El Medano is a fishing village that still retains its charm, with a sporty and healthy atmosphere, several quality restaurants, and unique boutiques. Don't hesitate to visit it!
Spectacular ground floor apartment less than 100m from the sea in El Médano, the property consists of two bedrooms, a bathroom and a toilet. Open plan kitchen with spacious living room and a fantastic terrace. The property has been renovated, the living and dining area has been extended. The large terrace is ideal for a late dinner or space for the children. It is located in the Riazor building just a few steps from the Paseo del Medano, ideal for investment with its holiday licence. El Medano is a fishing village that still retains its charm, with a sporty and healthy atmosphere, several quality restaurants, and unique boutiques. Don't hesitate to visit it!
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Currency Exchange
El Medano, Tenerife, Spain, 38612
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 €348,000 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 |
|---|---|---|---|
| €348,000 | £288,252 | £299,089 | £10,837 |
| Property Price € | €348,000 |
| Minimum cost in the last six months | £288,252 |
| Maximum cost in the last six months | £299,089 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,837 |
El Medano, Tenerife, Spain, 38612
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 €348,000 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 |
|---|---|---|---|
| €348,000 | £288,252 | £299,089 | £10,837 |
| Property Price € | €348,000 |
| Minimum cost in the last six months | £288,252 |
| Maximum cost in the last six months | £299,089 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,837 |
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 £10,837 more.
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