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This property is set in the beautiful historical gothic part of the Palma de Mallorca
Palma, Mallorca, Spain, 07004
REF: 367656
€480,000
Description
This property is set in the beautiful historical gothic part of the Palma de Mallorca. A unique little gem which is currently being used as a business premises as well as residential dwelling. The property is legal to be used as a residential home. It has been partly refurbished in 2005 to an extraordinary standard with a intriguing mix between original features and contempory design. There is wonderful exposed original floor protected by glass in one of the main rooms a very special feature. There are three rooms which could be used as bedrooms, two small bathrooms, a library or office and possibility to create another storage as a future project. A very interesting property which would be great for a business or home in a very sought after area of Palma. Well worth viewing as has limitless possibilities.
Location: City
Parking: None
Kitchen: Kitchenette
This property is set in the beautiful historical gothic part of the Palma de Mallorca. A unique little gem which is currently being used as a business premises as well as residential dwelling. The property is legal to be used as a residential home. It has been partly refurbished in 2005 to an extraordinary standard with a intriguing mix between original features and contempory design. There is wonderful exposed original floor protected by glass in one of the main rooms a very special feature. There are three rooms which could be used as bedrooms, two small bathrooms, a library or office and possibility to create another storage as a future project. A very interesting property which would be great for a business or home in a very sought after area of Palma. Well worth viewing as has limitless possibilities.
Location: City
Parking: None
Kitchen: Kitchenette
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Currency Exchange
Palma, Mallorca, Spain, 07004
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 €480,000 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 |
|---|---|---|---|
| €480,000 | £408,331 | £420,739 | £12,408 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £408,331 |
| Maximum cost in the last six months | £420,739 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,408 |
Palma, Mallorca, Spain, 07004
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 €480,000 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 |
|---|---|---|---|
| €480,000 | £408,331 | £420,739 | £12,408 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £408,331 |
| Maximum cost in the last six months | £420,739 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,408 |
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 £12,408 more.
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