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House under construction in Es Canutells, South coast, Menorca
Cala Canutells, Spain
REF: 589543
€525,000
Description
Do you want to forget about licenses and permits to build your house in Menorca? Surely you do and here you have the perfect opportunity. Keep reading because you will be surprised! It is a plot with flat land and a short distance from the sea on which a house is being built with a ground floor plus a first floor. The ground floor is the day area where there is the living room, dining room, kitchen, a toilet and double garage. On the first floor there are three double bedrooms, one of them en suite and the others share a bathroom. The house is sold unfinished and in the state it is in at the time of purchase. On the ground floor there is a rectangular shaped swimming pool. The current project is 200 m2 but it is extendable up to 245 m2. #ref:V3088
Do you want to forget about licenses and permits to build your house in Menorca? Surely you do and here you have the perfect opportunity. Keep reading because you will be surprised! It is a plot with flat land and a short distance from the sea on which a house is being built with a ground floor plus a first floor. The ground floor is the day area where there is the living room, dining room, kitchen, a toilet and double garage. On the first floor there are three double bedrooms, one of them en suite and the others share a bathroom. The house is sold unfinished and in the state it is in at the time of purchase. On the ground floor there is a rectangular shaped swimming pool. The current project is 200 m2 but it is extendable up to 245 m2. #ref:V3088
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Property on Map
Currency Exchange
Cala Canutells, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £446,612 | £460,184 | £13,571 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £446,612 |
| Maximum cost in the last six months | £460,184 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,571 |
Cala Canutells, 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £446,612 | £460,184 | £13,571 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £446,612 |
| Maximum cost in the last six months | £460,184 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,571 |
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 £13,571 more.
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