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House
Callao Salvaje, Tenerife, Spain
REF: 702600
€1,550,000
Description
Morfitt Properties Tenerife are pleased to offer for sale a luxury villa located in the new development in Insigne. The luxury property is distributed over 3 levels with the living area on the top floor offering great sea and coastal views from the lounge and swimming pool area. The middle floor offer 3 double bedrooms all with fitted wardrobes and ensuite bathrooms, and access to a terrace/garden area. The lower level of the property offers a private double garage, laundry room, shower-room and an area that could be utilized as an additional sleeping area, GYM etc.... The property is fully furnished, internet throughout the property, and has lift access to each level. This would make a great holiday home with letting potential as VV are permitted.
Morfitt Properties Tenerife are pleased to offer for sale a luxury villa located in the new development in Insigne. The luxury property is distributed over 3 levels with the living area on the top floor offering great sea and coastal views from the lounge and swimming pool area. The middle floor offer 3 double bedrooms all with fitted wardrobes and ensuite bathrooms, and access to a terrace/garden area. The lower level of the property offers a private double garage, laundry room, shower-room and an area that could be utilized as an additional sleeping area, GYM etc.... The property is fully furnished, internet throughout the property, and has lift access to each level. This would make a great holiday home with letting potential as VV are permitted.
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Currency Exchange
Callao Salvaje, 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 €1,550,000 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 |
|---|---|---|---|
| €1,550,000 | £1,318,570 | £1,358,560 | £39,990 |
| Property Price € | €1,550,000 |
| Minimum cost in the last six months | £1,318,570 |
| Maximum cost in the last six months | £1,358,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £39,990 |
Callao Salvaje, 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 €1,550,000 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 |
|---|---|---|---|
| €1,550,000 | £1,318,570 | £1,358,560 | £39,990 |
| Property Price € | €1,550,000 |
| Minimum cost in the last six months | £1,318,570 |
| Maximum cost in the last six months | £1,358,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £39,990 |
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 £39,990 more.
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