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House
Palm Mar, Tenerife, Spain
REF: 317084
€925,000
Description
Morfitt Properties Tenerife are pleased to offer for sale this lovely villa for sale on a plot of 600m2 offering 460sq.m built on two levels with the main house on one floor (271sq.m). Located in the village of El Palm-mar this property consists of three double beds, two bathrooms, a dressing room, wardrobes, hallways, separate fully equipped kitchen, corridor, living room, patio with large living area and sea views. The property also has a basement with a large party room, an additional bedroom and a closed garage. It is sold partially furnished. Ideally located in El Palmar residential area. Only 250m away from the sea and Bahía Beach , 15 minutes drive from Reina Sofia International Airport and Los Cristianos and Las Americas, the main tourist beaches in the south of the island.
Morfitt Properties Tenerife are pleased to offer for sale this lovely villa for sale on a plot of 600m2 offering 460sq.m built on two levels with the main house on one floor (271sq.m). Located in the village of El Palm-mar this property consists of three double beds, two bathrooms, a dressing room, wardrobes, hallways, separate fully equipped kitchen, corridor, living room, patio with large living area and sea views. The property also has a basement with a large party room, an additional bedroom and a closed garage. It is sold partially furnished. Ideally located in El Palmar residential area. Only 250m away from the sea and Bahía Beach , 15 minutes drive from Reina Sofia International Airport and Los Cristianos and Las Americas, the main tourist beaches in the south of the island.
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Currency Exchange
Palm Mar, Tenerife, Spain
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 €925,000 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 |
|---|---|---|---|
| €925,000 | £786,888 | £810,800 | £23,911 |
| Property Price € | €925,000 |
| Minimum cost in the last six months | £786,888 |
| Maximum cost in the last six months | £810,800 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,911 |
Palm Mar, Tenerife, Spain
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 €925,000 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 |
|---|---|---|---|
| €925,000 | £786,888 | £810,800 | £23,911 |
| Property Price € | €925,000 |
| Minimum cost in the last six months | £786,888 |
| Maximum cost in the last six months | £810,800 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £23,911 |
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 £23,911 more.
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