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This modern building with just 6 apartments is currently under construction not far from the heart of the capital Palma
Palma de Mallorca, Mallorca, Spain
REF: 901781
€440,000
Description
This modern building with just 6 apartments is currently under construction not far from the heart of the capital Palma. The strategic location, the attention to detail and the efficiency of the apartments ensure an exceptional quality of life. The living space of this 2-bedroom apartment is divided over 86.45m2 over kitchen, living room with dining room, laundry room, bedroom1, bathroom1, bedroom2 with bathroom en suite and additional balcony of 3.65m2. For year-round comfort, the property is equipped with air conditioning and double-glazed windows. Key handover is scheduled for March 2025. Apart from this unit, there is another 2-bedroom unit available on the fifth floor at a price of 455,000. *The purchase process of these new build properties requires an external fee for the buyer to the agency. LAYOUT: Kitchen, living room with dining room, laundry room, bedroom1, bathroom1, bedroom2 with bathroom en suite and additional balcony of 3,65m2 on. EQUIPMENT: Fitted kitchen air conditioning Porcelain tiled floor Windows with double glazing laundry room balcony Building elevator
This modern building with just 6 apartments is currently under construction not far from the heart of the capital Palma. The strategic location, the attention to detail and the efficiency of the apartments ensure an exceptional quality of life. The living space of this 2-bedroom apartment is divided over 86.45m2 over kitchen, living room with dining room, laundry room, bedroom1, bathroom1, bedroom2 with bathroom en suite and additional balcony of 3.65m2. For year-round comfort, the property is equipped with air conditioning and double-glazed windows. Key handover is scheduled for March 2025. Apart from this unit, there is another 2-bedroom unit available on the fifth floor at a price of 455,000. *The purchase process of these new build properties requires an external fee for the buyer to the agency. LAYOUT: Kitchen, living room with dining room, laundry room, bedroom1, bathroom1, bedroom2 with bathroom en suite and additional balcony of 3,65m2 on. EQUIPMENT: Fitted kitchen air conditioning Porcelain tiled floor Windows with double glazing laundry room balcony Building elevator
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Currency Exchange
Palma de Mallorca, 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 €440,000 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 |
|---|---|---|---|
| €440,000 | £366,027 | £378,673 | £12,646 |
| Property Price € | €440,000 |
| Minimum cost in the last six months | £366,027 |
| Maximum cost in the last six months | £378,673 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,646 |
Palma de Mallorca, 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 €440,000 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 |
|---|---|---|---|
| €440,000 | £366,027 | £378,673 | £12,646 |
| Property Price € | €440,000 |
| Minimum cost in the last six months | £366,027 |
| Maximum cost in the last six months | £378,673 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,646 |
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 £12,646 more.
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