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Built in 1973 and renovated in 2022, this frontline sea view flat is located on the first floor of an apartment building, offers on 90 m2 living space, a fully equipped kitchen, three double bedrooms, one of them with direct access to a 505 m2 large and private sun terrace with fantastic views of th
Arenal, Mallorca, Spain
REF: 885257
€643,000
Description
Built in 1973 and renovated in 2022, this frontline sea view flat is located on the first floor of an apartment building, offers on 90 m2 living space, a fully equipped kitchen, three double bedrooms, one of them with direct access to a 505 m2 large and private sun terrace with fantastic views of the sea and the Playa de Palma. Three bathrooms, two of them en suite and a spacious living room with direct access to the terrace. A car parking space and a lift inside the building are also available. Air conditioning Tiled floors in wood optic Parking space Lift Fitted cupboards Laundry room Playa de Palma, 30 metres distance to the sandy beach, 100 metres to the mega park and about 60 metres to the famous Balenario 6. 5 min drive to the airport. IBI: 465 Basura: 190 Community costs: 100 /month
Built in 1973 and renovated in 2022, this frontline sea view flat is located on the first floor of an apartment building, offers on 90 m2 living space, a fully equipped kitchen, three double bedrooms, one of them with direct access to a 505 m2 large and private sun terrace with fantastic views of the sea and the Playa de Palma. Three bathrooms, two of them en suite and a spacious living room with direct access to the terrace. A car parking space and a lift inside the building are also available. Air conditioning Tiled floors in wood optic Parking space Lift Fitted cupboards Laundry room Playa de Palma, 30 metres distance to the sandy beach, 100 metres to the mega park and about 60 metres to the famous Balenario 6. 5 min drive to the airport. IBI: 465 Basura: 190 Community costs: 100 /month
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Currency Exchange
Arenal, Mallorca, Spain
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 €643,000 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 |
|---|---|---|---|
| €643,000 | £532,603 | £552,626 | £20,023 |
| Property Price € | €643,000 |
| Minimum cost in the last six months | £532,603 |
| Maximum cost in the last six months | £552,626 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,023 |
Arenal, Mallorca, Spain
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 €643,000 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 |
|---|---|---|---|
| €643,000 | £532,603 | £552,626 | £20,023 |
| Property Price € | €643,000 |
| Minimum cost in the last six months | £532,603 |
| Maximum cost in the last six months | £552,626 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,023 |
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 £20,023 more.
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