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Lucas Fox International Properties presents this exclusive brand new 110 m property , with a complete renovation and a living room furnished by an interior designer
Madrid, Madrid, Spain, 28001
REF: 910847
€1,200,000
Description
Lucas Fox International Properties presents this exclusive brand new 110 m property , with a complete renovation and a living room furnished by an interior designer. It is located on the first floor of a building with an elevator in the heart of the Recoletos neighbourhood , Madrid, on a very well-located street very close to the Retiro and trendy restaurants. Upon entering the property, we find a large living room with a built-in wardrobe , which gives access to the two bedrooms: one of them with a private bathroom and a good dressing room and the second bedroom with a large built-in wardrobe . Here, there is also the guest bathroom with a shower. To the right of the lobby , there is access to the open kitchen and the furnished living room , with a large window. The kitchen is equipped with high-end appliances . The laundry room is located in a large wardrobe, to store everything related to cleaning. Please do not hesitate to contact us for more information or to arrange visits.
Lucas Fox International Properties presents this exclusive brand new 110 m property , with a complete renovation and a living room furnished by an interior designer. It is located on the first floor of a building with an elevator in the heart of the Recoletos neighbourhood , Madrid, on a very well-located street very close to the Retiro and trendy restaurants. Upon entering the property, we find a large living room with a built-in wardrobe , which gives access to the two bedrooms: one of them with a private bathroom and a good dressing room and the second bedroom with a large built-in wardrobe . Here, there is also the guest bathroom with a shower. To the right of the lobby , there is access to the open kitchen and the furnished living room , with a large window. The kitchen is equipped with high-end appliances . The laundry room is located in a large wardrobe, to store everything related to cleaning. Please do not hesitate to contact us for more information or to arrange visits.
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Currency Exchange
Madrid, Madrid, Spain, 28001
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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
Madrid, Madrid, Spain, 28001
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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £993,972 | £1,031,340 | £37,368 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £993,972 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,368 |
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 £37,368 more.
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