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Apartment with huge terrace and sea view in El Arenal, just a few meters from the first sea line and the beach at Balneario 4, close to shopping, bars, restaurants, cab and bus stops, and all the famous highlights around the "Ballermann"
Platja de Palma, Mallorca, Spain
REF: 885258
€425,000
Description
Apartment with huge terrace and sea view in El Arenal, just a few meters from the first sea line and the beach at Balneario 4, close to shopping, bars, restaurants, cab and bus stops, and all the famous highlights around the "Ballermann". The apartment, on the 1st floor of a well-kept apartment building with elevator, is characterized by its popular location, solid workmanship and high rental potential. The 80 m living space is divided into 2 bedrooms with built-in wardrobes, living and dining room, a kitchen and a bathroom. In addition, the apartment has a terrace of about 80 m , accessible from the main rooms and with lateral views of the sea and the beach. The annual property taxes (IBI) amount to about 650 , the community costs are 90 per month and include the water costs, and the waste fees amount to about 126 per year.
Apartment with huge terrace and sea view in El Arenal, just a few meters from the first sea line and the beach at Balneario 4, close to shopping, bars, restaurants, cab and bus stops, and all the famous highlights around the "Ballermann". The apartment, on the 1st floor of a well-kept apartment building with elevator, is characterized by its popular location, solid workmanship and high rental potential. The 80 m living space is divided into 2 bedrooms with built-in wardrobes, living and dining room, a kitchen and a bathroom. In addition, the apartment has a terrace of about 80 m , accessible from the main rooms and with lateral views of the sea and the beach. The annual property taxes (IBI) amount to about 650 , the community costs are 90 per month and include the water costs, and the waste fees amount to about 126 per year.
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Currency Exchange
Platja de Palma, 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 €425,000 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 |
|---|---|---|---|
| €425,000 | £352,032 | £365,266 | £13,235 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £352,032 |
| Maximum cost in the last six months | £365,266 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,235 |
Platja de Palma, 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 €425,000 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 |
|---|---|---|---|
| €425,000 | £352,032 | £365,266 | £13,235 |
| Property Price € | €425,000 |
| Minimum cost in the last six months | £352,032 |
| Maximum cost in the last six months | £365,266 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,235 |
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 £13,235 more.
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