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Matera Reference: 3853
Matera, Basilicata, Italy
REF: 341319
€275,000
Description
Matera has been awarded the European City of Culture. The property provides spacious accommodation of about 120m2 and consists of the following: Level 1: Entrance hall, large living area with vaulted ceilings, fitted kitchen, bedroom and storage room, from which you have access to the upper area. Level 2: Bedroom, bathroom, and small balcony with views over the Sassi. The property also has an internal courtyard from which you have access to a room of about 45m2 with a terrace. A lovely house, right in the heart of this magnificent and unique area, within easy access of all amenities and within easy access of the lovely beaches of the Ionian sea. Price 275.000 Euros
Matera has been awarded the European City of Culture. The property provides spacious accommodation of about 120m2 and consists of the following: Level 1: Entrance hall, large living area with vaulted ceilings, fitted kitchen, bedroom and storage room, from which you have access to the upper area. Level 2: Bedroom, bathroom, and small balcony with views over the Sassi. The property also has an internal courtyard from which you have access to a room of about 45m2 with a terrace. A lovely house, right in the heart of this magnificent and unique area, within easy access of all amenities and within easy access of the lovely beaches of the Ionian sea. Price 275.000 Euros
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Currency Exchange
Matera, Basilicata, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £233,940 | £241,049 | £7,109 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £233,940 |
| Maximum cost in the last six months | £241,049 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,109 |
Matera, Basilicata, Italy
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Italy do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Italy 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £233,940 | £241,049 | £7,109 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £233,940 |
| Maximum cost in the last six months | £241,049 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,109 |
The exchange rate on the day you make an offer on your property in Italy 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 £7,109 more.
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