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Exclusive flat with direct sea views in Palma de Mallorca - Perfect location and renovation potential
Palma, Spain
REF: 889616
€660,000
Description
We present you with an incredibly bright flat with direct sea views from the kitchen and living room. It is located in a quiet flat building equipped with a lift, a five-minute walk from the famous Santa Catalina market and only a few hundred metres from Palma's best sports club, the Palma Sport & Tennis Club. This flat is just above the Paseo Maritimo, but you won't be bothered by the noise of street traffic. However, you can go for a morning run or take a bike ride in just two minutes. The flat is in decent condition, but could use some interesting renovations to freshen it up. The flat currently consists of an entrance hall, four bedrooms, living room, two bathrooms, kitchen and large terrace. Take the opportunity to buy this gem of Palma de Mallorca. #ref:CBPM314
We present you with an incredibly bright flat with direct sea views from the kitchen and living room. It is located in a quiet flat building equipped with a lift, a five-minute walk from the famous Santa Catalina market and only a few hundred metres from Palma's best sports club, the Palma Sport & Tennis Club. This flat is just above the Paseo Maritimo, but you won't be bothered by the noise of street traffic. However, you can go for a morning run or take a bike ride in just two minutes. The flat is in decent condition, but could use some interesting renovations to freshen it up. The flat currently consists of an entrance hall, four bedrooms, living room, two bathrooms, kitchen and large terrace. Take the opportunity to buy this gem of Palma de Mallorca. #ref:CBPM314
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Currency Exchange
Palma, 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 €660,000 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 |
|---|---|---|---|
| €660,000 | £549,041 | £568,009 | £18,968 |
| Property Price € | €660,000 |
| Minimum cost in the last six months | £549,041 |
| Maximum cost in the last six months | £568,009 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,968 |
Palma, 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 €660,000 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 |
|---|---|---|---|
| €660,000 | £549,041 | £568,009 | £18,968 |
| Property Price € | €660,000 |
| Minimum cost in the last six months | £549,041 |
| Maximum cost in the last six months | £568,009 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,968 |
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 £18,968 more.
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