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Imposing country house near Cala Galdana
Cala Galdana, Spain, 0775
REF: 897154
€800,000
Description
Country house located a few minutes from the village of Ferreries, on the road that leads to the beautiful beach of Cala de Galdana and close to the unspoilt cove of Cala Mitjana. Located on a large plot of more than 16,000 m2, stands an imposing house with a large fa ade built on two levels with large terraces and a large swimming pool. The house needs an update but offers endless possibilities. On the ground floor we find two spacious living rooms with fireplace, large independent kitchen, laundry room, bathroom and several bedrooms. On the ground floor there are seven bedrooms and three bathrooms. Possibility of buying together with the adjoining property that comprises one of the reference restaurants in Menorca and that could be enabled as another traditional home. Contact us for more information! #ref:4163
Country house located a few minutes from the village of Ferreries, on the road that leads to the beautiful beach of Cala de Galdana and close to the unspoilt cove of Cala Mitjana. Located on a large plot of more than 16,000 m2, stands an imposing house with a large fa ade built on two levels with large terraces and a large swimming pool. The house needs an update but offers endless possibilities. On the ground floor we find two spacious living rooms with fireplace, large independent kitchen, laundry room, bathroom and several bedrooms. On the ground floor there are seven bedrooms and three bathrooms. Possibility of buying together with the adjoining property that comprises one of the reference restaurants in Menorca and that could be enabled as another traditional home. Contact us for more information! #ref:4163
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Currency Exchange
Cala Galdana, Spain, 0775
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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
Cala Galdana, Spain, 0775
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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
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 £24,912 more.
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