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Completed in spring 2022, this frontline flat boasts spectacular sea views and a distinctive 38 m balcony terrace
Palma de Mallorca, Mallorca, Spain
REF: 908057
€1,350,000
Description
Completed in spring 2022, this frontline flat boasts spectacular sea views and a distinctive 38 m balcony terrace. The flat was upgraded by the owner himself with high-quality materials and attention to detail and has a pure living space of 104 m , 3 bedrooms, 2 bathrooms (one of them ensuite) living room with open kitchen, 1 car parking space (optionally another) and a storage room. Excellent connections to the capital (15 minutes) and first-class bars and restaurants in the immediate vicinity. Enjoy your dream flat on the longest sandy beach in Europe. The property is currently being pre-marketed and can be handed over to the new owner in January 2025 GOIBE468739/2024 Equipment: Central air conditioning heat pump 1 car parking space (optional +1) Terrace Pvc in wood look over ceramic tiles Fully equipped kitchen
Completed in spring 2022, this frontline flat boasts spectacular sea views and a distinctive 38 m balcony terrace. The flat was upgraded by the owner himself with high-quality materials and attention to detail and has a pure living space of 104 m , 3 bedrooms, 2 bathrooms (one of them ensuite) living room with open kitchen, 1 car parking space (optionally another) and a storage room. Excellent connections to the capital (15 minutes) and first-class bars and restaurants in the immediate vicinity. Enjoy your dream flat on the longest sandy beach in Europe. The property is currently being pre-marketed and can be handed over to the new owner in January 2025 GOIBE468739/2024 Equipment: Central air conditioning heat pump 1 car parking space (optional +1) Terrace Pvc in wood look over ceramic tiles Fully equipped kitchen
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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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,118,219 | £1,160,258 | £42,039 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,118,219 |
| Maximum cost in the last six months | £1,160,258 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,039 |
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 €1,350,000 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 |
|---|---|---|---|
| €1,350,000 | £1,118,219 | £1,160,258 | £42,039 |
| Property Price € | €1,350,000 |
| Minimum cost in the last six months | £1,118,219 |
| Maximum cost in the last six months | £1,160,258 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,039 |
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 £42,039 more.
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