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Apartment in Valletta | East
Valletta, Malta
REF: 875565
€1,250,000
Description
A majestic corner Apartment with lots of character, dating back to the Knights of St John, located in the prime upper part of Valletta.The property has two separate entrances on two different streets,and consists of several large rooms with high ceilings and wooden beams, traditional Maltese tiles, as well as 3 fireplaces.Three of the main rooms are approximately 20 Sqms each and can easily be opened into one open plan living or office space, if so required. A large basement with its own entrance at street level also forms part of the property, which means it can also be split into two units. This property has lots of potential as a high class residence, offices or as a commercial premises. Viewings are highly recommended.
A majestic corner Apartment with lots of character, dating back to the Knights of St John, located in the prime upper part of Valletta.The property has two separate entrances on two different streets,and consists of several large rooms with high ceilings and wooden beams, traditional Maltese tiles, as well as 3 fireplaces.Three of the main rooms are approximately 20 Sqms each and can easily be opened into one open plan living or office space, if so required. A large basement with its own entrance at street level also forms part of the property, which means it can also be split into two units. This property has lots of potential as a high class residence, offices or as a commercial premises. Viewings are highly recommended.
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Currency Exchange
Valletta, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,029,875 | £1,085,113 | £55,238 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,029,875 |
| Maximum cost in the last six months | £1,085,113 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,238 |
Valletta, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,029,875 | £1,085,113 | £55,238 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,029,875 |
| Maximum cost in the last six months | £1,085,113 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £55,238 |
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 £55,238 more.
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