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Unique investment opportunity in a renowned holiday complex Ramada Residence by Wyndham in the very demanded area of Torviscas Alto in Costa de Adeje in the south of Tenerife
Costa Adeje, Santa Cruz de Tenerife, Spain
REF: 910217
€297,000
Description
Unique investment opportunity in a renowned holiday complex Ramada Residence by Wyndham in the very demanded area of Torviscas Alto in Costa de Adeje in the south of Tenerife. These are completely newly renovated 1 and 2 bedroom apartments with a large terrace and breathtaking sea views. The holiday residence has all amenities such as a large pool area, fitness center, children's pool and playground as well as bars, restaurants and a small supermarket. The operating company guarantees a 6% return for the first two years and then offers the owners a generous rental contract of 75% of the rental income. Of course, they can also use their property themselves and sell it again. A perfect investment in one of the most sought-after holiday residences in Costa Adeje. The offer is subject to errors, price changes, commission and/or withdrawal from the market without prior notice. The 6.5% asset transfer, notary and registration expenses are borne by the buyer. Commission expenses are borne by the seller. We are a team of international real estate agents in Tenerife. We speak English, German, Russian, Polish, French, Italian, Dutch and Spanish. This allows us to work with international clients. Don't hesitate to contact us.
Unique investment opportunity in a renowned holiday complex Ramada Residence by Wyndham in the very demanded area of Torviscas Alto in Costa de Adeje in the south of Tenerife. These are completely newly renovated 1 and 2 bedroom apartments with a large terrace and breathtaking sea views. The holiday residence has all amenities such as a large pool area, fitness center, children's pool and playground as well as bars, restaurants and a small supermarket. The operating company guarantees a 6% return for the first two years and then offers the owners a generous rental contract of 75% of the rental income. Of course, they can also use their property themselves and sell it again. A perfect investment in one of the most sought-after holiday residences in Costa Adeje. The offer is subject to errors, price changes, commission and/or withdrawal from the market without prior notice. The 6.5% asset transfer, notary and registration expenses are borne by the buyer. Commission expenses are borne by the seller. We are a team of international real estate agents in Tenerife. We speak English, German, Russian, Polish, French, Italian, Dutch and Spanish. This allows us to work with international clients. Don't hesitate to contact us.
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Currency Exchange
Costa Adeje, Santa Cruz de Tenerife, 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 €297,000 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 |
|---|---|---|---|
| €297,000 | £246,008 | £255,257 | £9,249 |
| Property Price € | €297,000 |
| Minimum cost in the last six months | £246,008 |
| Maximum cost in the last six months | £255,257 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,249 |
Costa Adeje, Santa Cruz de Tenerife, 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 €297,000 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 |
|---|---|---|---|
| €297,000 | £246,008 | £255,257 | £9,249 |
| Property Price € | €297,000 |
| Minimum cost in the last six months | £246,008 |
| Maximum cost in the last six months | £255,257 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,249 |
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 £9,249 more.
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