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Finca for sale consisting of a two-storey house plus some old cattle sheds
Es Mercadal, Menorca, Spain, 07740
REF: 934560
€1,580,000
Description
Finca for sale consisting of a two-storey house plus some old cattle sheds. The land is practically flat and of very good quality for sowing with an area of 60.000 m2. It has a very easy access from the main road and also a second access by an internal road of the adjoining property in which it has a right of way by a rural road of big pines, being able to communicate with the Urbanization Coves Noves. At the moment the house and the cattle sheds have a licence for renovation and for the construction of a swimming pool, having already renovated a large part of the house. The location is strategic due to the proximity to several beaches, the marina of Addaia and the golf course of Son Parc. The house (260 m2) is relatively close to the road, which makes it interesting for a residential use and for an agricultural-commercial use due to the large number of cars that circulate daily along this road. The buoy houses (315 m2) are two bodies located at the back of the house. There is electricity and mains water supply from the municipality. #ref:V3086
Finca for sale consisting of a two-storey house plus some old cattle sheds. The land is practically flat and of very good quality for sowing with an area of 60.000 m2. It has a very easy access from the main road and also a second access by an internal road of the adjoining property in which it has a right of way by a rural road of big pines, being able to communicate with the Urbanization Coves Noves. At the moment the house and the cattle sheds have a licence for renovation and for the construction of a swimming pool, having already renovated a large part of the house. The location is strategic due to the proximity to several beaches, the marina of Addaia and the golf course of Son Parc. The house (260 m2) is relatively close to the road, which makes it interesting for a residential use and for an agricultural-commercial use due to the large number of cars that circulate daily along this road. The buoy houses (315 m2) are two bodies located at the back of the house. There is electricity and mains water supply from the municipality. #ref:V3086
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Currency Exchange
Es Mercadal, Menorca, Spain, 07740
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 €1,580,000 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 |
|---|---|---|---|
| €1,580,000 | £1,301,762 | £1,357,931 | £56,169 |
| Property Price € | €1,580,000 |
| Minimum cost in the last six months | £1,301,762 |
| Maximum cost in the last six months | £1,357,931 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,169 |
Es Mercadal, Menorca, Spain, 07740
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 €1,580,000 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 |
|---|---|---|---|
| €1,580,000 | £1,301,762 | £1,357,931 | £56,169 |
| Property Price € | €1,580,000 |
| Minimum cost in the last six months | £1,301,762 |
| Maximum cost in the last six months | £1,357,931 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £56,169 |
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 £56,169 more.
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