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Apartment in Siracusa | Siracusa
Siracusa, Malta
REF: 873906
€290,000
Description
In the Monasteri district, near the Mediterranean Hippodrome, we offer for sale a flat plot of 19 hectares which is well suited for planting of olive, almond and carob trees. On the detachment of agricultural land there is a relevant rural building currently used as a tool shed of 247 square meters in total. Of this volume, 118m2 can be transformed into residential and the remaining part remain warehouses.The building needs to be renovated in all its parts, with very high potential given the area and the surrounding land.The land is accessed via an asphalt road, easily accessible by any type of vehicle. Furthermore, the area has some buildings around it and is not completely isolated.Contact us for more information and to view the renderings.
In the Monasteri district, near the Mediterranean Hippodrome, we offer for sale a flat plot of 19 hectares which is well suited for planting of olive, almond and carob trees. On the detachment of agricultural land there is a relevant rural building currently used as a tool shed of 247 square meters in total. Of this volume, 118m2 can be transformed into residential and the remaining part remain warehouses.The building needs to be renovated in all its parts, with very high potential given the area and the surrounding land.The land is accessed via an asphalt road, easily accessible by any type of vehicle. Furthermore, the area has some buildings around it and is not completely isolated.Contact us for more information and to view the renderings.
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Property on Map
Currency Exchange
Siracusa, Malta
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Malta do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Malta 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 €290,000 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 |
|---|---|---|---|
| €290,000 | £238,931 | £251,746 | £12,815 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £238,931 |
| Maximum cost in the last six months | £251,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,815 |
Siracusa, Malta
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Malta do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Malta 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 €290,000 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 |
|---|---|---|---|
| €290,000 | £238,931 | £251,746 | £12,815 |
| Property Price € | €290,000 |
| Minimum cost in the last six months | £238,931 |
| Maximum cost in the last six months | £251,746 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,815 |
The exchange rate on the day you make an offer on your property in Malta 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 £12,815 more.
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