House of Character in Rabat | West

Rabat, Malta

For Sale

€3,300,000

REF: 875268 €3,300,000


2

1

200 m2

Description

A Unique Fully detached site on 28000 SQM with an existing large Farmhouse in need of reconstruction with an already approved permit for a 200 Sqm property. Within the property one can enjoy various features such as nice well grown trees and shrubs, old rooms and caves. Including underlying accessible and interconnected caves that can be part of the newly built residence.

The permit approval includes conversion of such caves to garages for three cars, an underlying wine cellar, gym and sauna. The property commands excellent country and sea view. The property is located in a well sought after area in the outskirts of Rabat.
A Unique Fully detached site on 28000 SQM with an existing large Farmhouse in need of reconstruction with an already approved permit for a 200 Sqm property. Within the property one can enjoy various features such as nice well grown trees and shrubs, old rooms and caves. Including underlying accessible and interconnected caves that can be part of the newly built residence.

The permit approval includes conversion of such caves to garages for three cars, an underlying wine cellar, gym and sauna. The property commands excellent country and sea view. The property is located in a well sought after area in the outskirts of Rabat.
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Property on Map

#W-0293O6

Currency Exchange

Rabat, 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 €3,300,000 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
€3,300,000 £2,718,870 £2,864,697 £145,827
Property Price € €3,300,000
Minimum cost in the last six months £2,718,870
Maximum cost in the last six months £2,864,697
Fluctuating exchange rates over the last six months could have increased the cost of this property by £145,827

Rabat, 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 €3,300,000 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
€3,300,000 £2,718,870 £2,864,697 £145,827
Property Price € €3,300,000
Minimum cost in the last six months £2,718,870
Maximum cost in the last six months £2,864,697
Fluctuating exchange rates over the last six months could have increased the cost of this property by £145,827

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 £145,827 more.

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