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Building in Calanova to be renovated with sea views, possibility of building multi-family homes
Palma de Mallorca, Mallorca, Spain
REF: 919243
€3,500,000
Description
Building in Calanova to be renovated with sea views, possibility of building multi-family homes. The building is divided into three floors, on the ground floor we find a barbecue area with an outdoor kitchen and porch, a large terrace, a garage, a large living room, a dining room, and a bathroom. On the first floor we find 4 bedrooms, two bathrooms, and a jacuzzi. The second floor has 4 bedrooms with sea views. On the third floor there is a small tower with access to a terrace with wonderful panoramic views. There is an annex building with two bedrooms, a dining room, and a kitchen. The entire building needs to be completely renovated, a single home can be built or it can be divided into three apartments and it includes two parking spaces.
Building in Calanova to be renovated with sea views, possibility of building multi-family homes. The building is divided into three floors, on the ground floor we find a barbecue area with an outdoor kitchen and porch, a large terrace, a garage, a large living room, a dining room, and a bathroom. On the first floor we find 4 bedrooms, two bathrooms, and a jacuzzi. The second floor has 4 bedrooms with sea views. On the third floor there is a small tower with access to a terrace with wonderful panoramic views. There is an annex building with two bedrooms, a dining room, and a kitchen. The entire building needs to be completely renovated, a single home can be built or it can be divided into three apartments and it includes two parking spaces.
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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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,883,650 | £3,008,075 | £124,425 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £124,425 |
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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,883,650 | £3,008,075 | £124,425 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £124,425 |
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 £124,425 more.
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