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This modern building with flats is currently under construction not far from the capital Palma in the El Vivero district
Palma, Mallorca, Spain
REF: 904261
€395,000
Description
This modern building with flats is currently under construction not far from the capital Palma in the El Vivero district. The living space of this 2-bedroom ground floor flat is distributed over 95.04m2 over an open-plan kitchen with living room, master bedroom with bathroom and dressing room, second bedroom, second bathroom and outdoor area of 38.50m2. For year-round comfort, the property is equipped with aerothermal heating, air conditioning and double-glazed windows. The outside area also offers the option of adding a small pool. Completion and handover of the keys are scheduled for the first half of 2026. There are currently two further two-bedroom units available at a price of 290,000 and 320,000. *The purchase process of these new build properties requires an external fee for the buyer to the agency. DISTRIBUTION: open plan kitchen with living room, master bedroom with bathroom and dressing room, second bedroom, second bathroom and outside area of 38,50m2. EQUIPMENT: Fitted kitchen Aerothermal system air conditioning Parquet floor Terrace 38,50m2 Windows with double glazing Laundry room
This modern building with flats is currently under construction not far from the capital Palma in the El Vivero district. The living space of this 2-bedroom ground floor flat is distributed over 95.04m2 over an open-plan kitchen with living room, master bedroom with bathroom and dressing room, second bedroom, second bathroom and outdoor area of 38.50m2. For year-round comfort, the property is equipped with aerothermal heating, air conditioning and double-glazed windows. The outside area also offers the option of adding a small pool. Completion and handover of the keys are scheduled for the first half of 2026. There are currently two further two-bedroom units available at a price of 290,000 and 320,000. *The purchase process of these new build properties requires an external fee for the buyer to the agency. DISTRIBUTION: open plan kitchen with living room, master bedroom with bathroom and dressing room, second bedroom, second bathroom and outside area of 38,50m2. EQUIPMENT: Fitted kitchen Aerothermal system air conditioning Parquet floor Terrace 38,50m2 Windows with double glazing Laundry room
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Currency Exchange
Palma, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £327,182 | £339,483 | £12,300 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £327,182 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,300 |
Palma, 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 €395,000 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 |
|---|---|---|---|
| €395,000 | £327,182 | £339,483 | £12,300 |
| Property Price € | €395,000 |
| Minimum cost in the last six months | £327,182 |
| Maximum cost in the last six months | £339,483 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,300 |
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 £12,300 more.
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