Beautyful house in El Terreno

Palma, Spain

For Sale

€1,275,000

REF: 589040 €1,275,000


5

4

225 m2

Description

This beautiful house in the middle of El Terreno has everything close by. Local restaurants, bars, and stores. It`s 5 to 10min walk to the swedish school,international school is in Cala Mayor, and spanish primary schools around the corner. The property have sun all day. Right outside there are buses to the center of Palma or to beaches close by. The house also have rental license, 2 terraces + roof terrace, backyard with a guest house, private parking in the yard in front of the house. #ref:CBPM20
This beautiful house in the middle of El Terreno has everything close by. Local restaurants, bars, and stores. It`s 5 to 10min walk to the swedish school,international school is in Cala Mayor, and spanish primary schools around the corner. The property have sun all day. Right outside there are buses to the center of Palma or to beaches close by. The house also have rental license, 2 terraces + roof terrace, backyard with a guest house, private parking in the yard in front of the house. #ref:CBPM20
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Property on Map

#361535a-19342682

Currency Exchange

Palma, 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 €1,275,000 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
€1,275,000 £1,084,630 £1,117,589 £32,959
Property Price € €1,275,000
Minimum cost in the last six months £1,084,630
Maximum cost in the last six months £1,117,589
Fluctuating exchange rates over the last six months could have increased the cost of this property by £32,959

Palma, 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 €1,275,000 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
€1,275,000 £1,084,630 £1,117,589 £32,959
Property Price € €1,275,000
Minimum cost in the last six months £1,084,630
Maximum cost in the last six months £1,117,589
Fluctuating exchange rates over the last six months could have increased the cost of this property by £32,959

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 £32,959 more.

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