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Step into this 1950s country house, a timeless gem that has witnessed decades of history
Formentera, Formentera, Spain, 07871
REF: 947923
€3,500,000
Description
Step into this 1950s country house, a timeless gem that has witnessed decades of history. Over 50 years old, this property stands as a true legacy, lovingly restored to preserve its heritage while adapting to modern needs. Every corner of this home tells a story, and its unique character is revealed in the very stones that make up its walls. To honour its original splendour, its restoration is led by an architect with over 40 years of experience in historical preservation. His meticulous approach and deep passion for restoration ensure that the building's essence remains intact, seamlessly blending traditional elements with the modern comforts required for a luxurious living experience. One of the standout features of this property is its construction using dry stone technique, an ancient method that avoids the use of binding materials. The walls are crafted from Marès stone, a local material from the Balearic Islands known for its warm shades and distinctive texture. This adds a rustic yet welcoming touch, deeply connecting the house to the land it sits on. This traditional method not only enhances the building's aesthetic and structural integrity but also reflects the wisdom of our ancestors, who mastered the art of creating enduring, eco-friendly structures. This house is more than just a property; it is a sanctuary where history and modernity coexist in perfect harmony. With each step of the restoration process, a space has been created where new stories can unfold. Please contact us for further information.
Step into this 1950s country house, a timeless gem that has witnessed decades of history. Over 50 years old, this property stands as a true legacy, lovingly restored to preserve its heritage while adapting to modern needs. Every corner of this home tells a story, and its unique character is revealed in the very stones that make up its walls. To honour its original splendour, its restoration is led by an architect with over 40 years of experience in historical preservation. His meticulous approach and deep passion for restoration ensure that the building's essence remains intact, seamlessly blending traditional elements with the modern comforts required for a luxurious living experience. One of the standout features of this property is its construction using dry stone technique, an ancient method that avoids the use of binding materials. The walls are crafted from Marès stone, a local material from the Balearic Islands known for its warm shades and distinctive texture. This adds a rustic yet welcoming touch, deeply connecting the house to the land it sits on. This traditional method not only enhances the building's aesthetic and structural integrity but also reflects the wisdom of our ancestors, who mastered the art of creating enduring, eco-friendly structures. This house is more than just a property; it is a sanctuary where history and modernity coexist in perfect harmony. With each step of the restoration process, a space has been created where new stories can unfold. Please contact us for further information.
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Currency Exchange
Formentera, Formentera, Spain, 07871
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 | £3,038,315 | £154,665 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £3,038,315 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £154,665 |
Formentera, Formentera, Spain, 07871
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 | £3,038,315 | £154,665 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £3,038,315 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £154,665 |
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 £154,665 more.
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