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Gran Vista Marina , is a complex consisting of 39 apartments located a short walk from the southern beach promenade of Mojacar
Mojacar, Almeria, Spain, 04638
REF: 889684
€120,000
Description
Gran Vista Marina , is a complex consisting of 39 apartments located a short walk from the southern beach promenade of Mojacar. All flats (65m2) consist of 1 bedroom, 1 full bathroom, a fully equipped open-plan kitchen and a beautiful dining and living room that opens onto the terrace. The large terrace, including an outdoor dining area, extends the full length of the flat giving you plenty of space to enjoy the sun while overlooking the beautiful Mediterranean Sea (with panoramic 180-degree sea views!). This lovely south-facing flat has stunning views of both the sea and the mountains. The ground floor and first floor flats all have a covered terrace, while the second floor has an open aspect. All apartments have underground parking and there is a lovely communal swimming pool. These apartments are a great investment opportunity where you can earn a guaranteed extra income for many years, as it is a Tourist ApartHotel. So you own your apartment, can use it yourself, but the rest of the year a rental company will rent out your property. A tourist flat is used for tourist purposes only and thus cannot serve as a tax residence to live in full-time for extended periods. The requirement is to rent for a fixed period in a calendar year and do the VAT quarterly through your accountant. There is also an important tax advantage when buying : These flats are taxed at only +1.2% on the purchase price, compared to the current 10% VAT on new builds or 7% on resales. Tourist flats have become a popular investment option in Spain for someone who would like to invest and cannot or does not want to enjoy their investment full-time themselves. Prices start from : Ground-floor flats from 120,000 First floor flat from 125,000 Second-floor penthouse flat from 128,000
Gran Vista Marina , is a complex consisting of 39 apartments located a short walk from the southern beach promenade of Mojacar. All flats (65m2) consist of 1 bedroom, 1 full bathroom, a fully equipped open-plan kitchen and a beautiful dining and living room that opens onto the terrace. The large terrace, including an outdoor dining area, extends the full length of the flat giving you plenty of space to enjoy the sun while overlooking the beautiful Mediterranean Sea (with panoramic 180-degree sea views!). This lovely south-facing flat has stunning views of both the sea and the mountains. The ground floor and first floor flats all have a covered terrace, while the second floor has an open aspect. All apartments have underground parking and there is a lovely communal swimming pool. These apartments are a great investment opportunity where you can earn a guaranteed extra income for many years, as it is a Tourist ApartHotel. So you own your apartment, can use it yourself, but the rest of the year a rental company will rent out your property. A tourist flat is used for tourist purposes only and thus cannot serve as a tax residence to live in full-time for extended periods. The requirement is to rent for a fixed period in a calendar year and do the VAT quarterly through your accountant. There is also an important tax advantage when buying : These flats are taxed at only +1.2% on the purchase price, compared to the current 10% VAT on new builds or 7% on resales. Tourist flats have become a popular investment option in Spain for someone who would like to invest and cannot or does not want to enjoy their investment full-time themselves. Prices start from : Ground-floor flats from 120,000 First floor flat from 125,000 Second-floor penthouse flat from 128,000
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Currency Exchange
Mojacar, Almeria, Spain, 04638
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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,826 | £103,274 | £3,449 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,826 |
| Maximum cost in the last six months | £103,274 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,449 |
Mojacar, Almeria, Spain, 04638
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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,826 | £103,274 | £3,449 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,826 |
| Maximum cost in the last six months | £103,274 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,449 |
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 £3,449 more.
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