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Villa - Detached
Nueva Andalucia, Malaga, Spain
REF: 891539
€1,625,000
Description
Welcome to this modern villa with a great location with less than 10 minutes walking distance to the beach. The layout is as follows: Ground floor: 2 ensuite double bedrooms, open plan living with a modern kitchen and dining & living room area that leads to the terrace. The garden has a private pool, outdoor kitchen and a pergola you can enjoy. First floor: Master bedroom with an ensuite bathroom and a large private terrace area. This villa is located in the heart of Nueva Andalucia with easy access to the beach, Puerto Banus & San Pedro. It's a great investment property and will generate a very high rental incomes due to the villas AAA+ location. There is no private parking in the villa at the moment but the current owners have sent in a request to build up to two parking places designed by an arichtect which is pending approval (please see plans in pictures for reference).
Welcome to this modern villa with a great location with less than 10 minutes walking distance to the beach. The layout is as follows: Ground floor: 2 ensuite double bedrooms, open plan living with a modern kitchen and dining & living room area that leads to the terrace. The garden has a private pool, outdoor kitchen and a pergola you can enjoy. First floor: Master bedroom with an ensuite bathroom and a large private terrace area. This villa is located in the heart of Nueva Andalucia with easy access to the beach, Puerto Banus & San Pedro. It's a great investment property and will generate a very high rental incomes due to the villas AAA+ location. There is no private parking in the villa at the moment but the current owners have sent in a request to build up to two parking places designed by an arichtect which is pending approval (please see plans in pictures for reference).
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Currency Exchange
Nueva Andalucia, Malaga, 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 €1,625,000 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 |
|---|---|---|---|
| €1,625,000 | £1,346,004 | £1,396,606 | £50,603 |
| Property Price € | €1,625,000 |
| Minimum cost in the last six months | £1,346,004 |
| Maximum cost in the last six months | £1,396,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,603 |
Nueva Andalucia, Malaga, 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 €1,625,000 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 |
|---|---|---|---|
| €1,625,000 | £1,346,004 | £1,396,606 | £50,603 |
| Property Price € | €1,625,000 |
| Minimum cost in the last six months | £1,346,004 |
| Maximum cost in the last six months | £1,396,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £50,603 |
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 £50,603 more.
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