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Exclusive flat in a renovated old town palace in the heart of Palma de Mallorca
Palma, Mallorca, Spain
REF: 885260
€1,775,000
Description
Exclusive flat in a renovated old town palace in the heart of Palma de Mallorca. This property is an exclusive flat in a completely renovated 14th century old town palace, located in the heart of the old town of Palma de Mallorca. The property is located on the first floor and offers 212 m of living space with 2 double bedrooms, 3 bathrooms ( 2 en suite), a balcony, a separate guest toilet, a pre-installed kitchen area and an open plan living/dining room area GROUND FLOOR: Kitchen with pre-installations, lounge, dining room, guest WC, living room with en suite bathroom. FIRST FLOOR : 2x bedroom en suite, french balcony untreated original gothic style elements Marble and wooden floor double glazed ISO windows with Iroko wood frames underfloor heating, air conditioning hot/cold Underfloor heating built-in wardrobes lift Parking space High ceilings with wooden beams Axor sanitary elements In the historic district of the island's capital Palma, well connected to all well-known sights and highlights, shops, restaurants and bars, schools and kindergartens, and only a few minutes walk from the city beach and the Paseo Marítimo.
Exclusive flat in a renovated old town palace in the heart of Palma de Mallorca. This property is an exclusive flat in a completely renovated 14th century old town palace, located in the heart of the old town of Palma de Mallorca. The property is located on the first floor and offers 212 m of living space with 2 double bedrooms, 3 bathrooms ( 2 en suite), a balcony, a separate guest toilet, a pre-installed kitchen area and an open plan living/dining room area GROUND FLOOR: Kitchen with pre-installations, lounge, dining room, guest WC, living room with en suite bathroom. FIRST FLOOR : 2x bedroom en suite, french balcony untreated original gothic style elements Marble and wooden floor double glazed ISO windows with Iroko wood frames underfloor heating, air conditioning hot/cold Underfloor heating built-in wardrobes lift Parking space High ceilings with wooden beams Axor sanitary elements In the historic district of the island's capital Palma, well connected to all well-known sights and highlights, shops, restaurants and bars, schools and kindergartens, and only a few minutes walk from the city beach and the Paseo Marítimo.
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Currency Exchange
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 €1,775,000 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 |
|---|---|---|---|
| €1,775,000 | £1,470,250 | £1,525,524 | £55,274 |
| Property Price € | €1,775,000 |
| Minimum cost in the last six months | £1,470,250 |
| Maximum cost in the last six months | £1,525,524 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,274 |
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 €1,775,000 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 |
|---|---|---|---|
| €1,775,000 | £1,470,250 | £1,525,524 | £55,274 |
| Property Price € | €1,775,000 |
| Minimum cost in the last six months | £1,470,250 |
| Maximum cost in the last six months | £1,525,524 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,274 |
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 £55,274 more.
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