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This exclusive, high-quality new-build flat is located in the first line of Palma's coveted harbour promenade "Paseo Marítimo", which, according to the city's plans, will be transformed into a modernised luxury quarter along the lines of Ocean Drive from next spring
Palma, Mallorca, Spain
REF: 885263
€1,000,000
Description
This exclusive, high-quality new-build flat is located in the first line of Palma's coveted harbour promenade "Paseo Marítimo", which, according to the city's plans, will be transformed into a modernised luxury quarter along the lines of Ocean Drive from next spring. The flat guarantees a spectacular view over the harbour to the island's landmark, the famous cathedral. The electric air conditioning as well as the underfloor heating and windows with ideal thermal and acoustic properties ensure ideally high energy efficiency. The coveted harbour promenade "Paseo Marítimo", with its numerous bars and cafés as well as sports facilities, is one of the most exclusive locations for international guests and offers every type of resident a wide range of leisure activities. The popular Santa Catalina district, with its well-known market and numerous localities, offers a selection of the best restaurants on the island and is just a few minutes' walk away. Layout: This luxurious new build flat has two spacious bedrooms and two bathrooms, one of which is en suite. Furthermore, the flat includes a distinct and open living room with open kitchen and access to the terrace with fantastic views. -Floor heating - passenger lift - Fitted kitchen - Air conditioning w/c - Double glazed windows - Sea view - Fine stoneware flooring - LED lighting - Motorised shutters
This exclusive, high-quality new-build flat is located in the first line of Palma's coveted harbour promenade "Paseo Marítimo", which, according to the city's plans, will be transformed into a modernised luxury quarter along the lines of Ocean Drive from next spring. The flat guarantees a spectacular view over the harbour to the island's landmark, the famous cathedral. The electric air conditioning as well as the underfloor heating and windows with ideal thermal and acoustic properties ensure ideally high energy efficiency. The coveted harbour promenade "Paseo Marítimo", with its numerous bars and cafés as well as sports facilities, is one of the most exclusive locations for international guests and offers every type of resident a wide range of leisure activities. The popular Santa Catalina district, with its well-known market and numerous localities, offers a selection of the best restaurants on the island and is just a few minutes' walk away. Layout: This luxurious new build flat has two spacious bedrooms and two bathrooms, one of which is en suite. Furthermore, the flat includes a distinct and open living room with open kitchen and access to the terrace with fantastic views. -Floor heating - passenger lift - Fitted kitchen - Air conditioning w/c - Double glazed windows - Sea view - Fine stoneware flooring - LED lighting - Motorised shutters
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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 €1,000,000 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 |
|---|---|---|---|
| €1,000,000 | £828,310 | £859,450 | £31,140 |
| Property Price € | €1,000,000 |
| Minimum cost in the last six months | £828,310 |
| Maximum cost in the last six months | £859,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,140 |
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 €1,000,000 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 |
|---|---|---|---|
| €1,000,000 | £828,310 | £859,450 | £31,140 |
| Property Price € | €1,000,000 |
| Minimum cost in the last six months | £828,310 |
| Maximum cost in the last six months | £859,450 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,140 |
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 £31,140 more.
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