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Our agency offers a spectacular renovated apartment with sea views and an annexed studio apartment in a residential complex in the Loma Dos area
Mogan, Gran Canaria, Spain, 35140
REF: 816175
€450,000
Description
Our agency offers a spectacular renovated apartment with sea views and an annexed studio apartment in a residential complex in the Loma Dos area. The complex has a solarium, elevator, communal pool and parking area.The property consists of a terrace with wonderful sea views, bright well-lit living room, a family bedroom, a second bedroom-office and a modern bathroom including a washing machine. Next to the house we find a magnificent studio that has a large semi-covered terrace, solarium with partial views, storage space, a rest area, equipped kitchen and a bathroom. It also has a separate entrance.It is ideal as a guest room or as a private investment having the possibility of a rental right next to your own house.A private parking space is included.Close to service areas such as supermarket, shopping center, pharmacy, health center, school, gas station, and within walking distance of the beach by car.*Note:The use of the property will be subject in all cases to current legislation.The sale price does not include taxes and expenses of the sale, including the Property Transfer Tax (equivalent to 6.5% or 1% in the case of first transmission, plus its corresponding IGIC in this case), the fees of the Property Registry, notary and agency.The information about the property is subject to possible errors and unintentional changes. Ref:APA_3142
Our agency offers a spectacular renovated apartment with sea views and an annexed studio apartment in a residential complex in the Loma Dos area. The complex has a solarium, elevator, communal pool and parking area.The property consists of a terrace with wonderful sea views, bright well-lit living room, a family bedroom, a second bedroom-office and a modern bathroom including a washing machine. Next to the house we find a magnificent studio that has a large semi-covered terrace, solarium with partial views, storage space, a rest area, equipped kitchen and a bathroom. It also has a separate entrance.It is ideal as a guest room or as a private investment having the possibility of a rental right next to your own house.A private parking space is included.Close to service areas such as supermarket, shopping center, pharmacy, health center, school, gas station, and within walking distance of the beach by car.*Note:The use of the property will be subject in all cases to current legislation.The sale price does not include taxes and expenses of the sale, including the Property Transfer Tax (equivalent to 6.5% or 1% in the case of first transmission, plus its corresponding IGIC in this case), the fees of the Property Registry, notary and agency.The information about the property is subject to possible errors and unintentional changes. Ref:APA_3142
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Currency Exchange
Mogan, Gran Canaria, Spain, 35140
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 €450,000 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 |
|---|---|---|---|
| €450,000 | £382,811 | £394,443 | £11,633 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £382,811 |
| Maximum cost in the last six months | £394,443 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,633 |
Mogan, Gran Canaria, Spain, 35140
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 €450,000 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 |
|---|---|---|---|
| €450,000 | £382,811 | £394,443 | £11,633 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £382,811 |
| Maximum cost in the last six months | £394,443 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,633 |
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 £11,633 more.
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