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Lucas Fox presents this beautiful property in the process of a comprehensive renovation , with a renovation with maximum attention to detail that seeks the necessary balance between aesthetics and practicality
Madrid, Madrid, Spain, 28001
REF: 819977
€2,475,000
Description
Lucas Fox presents this beautiful property in the process of a comprehensive renovation , with a renovation with maximum attention to detail that seeks the necessary balance between aesthetics and practicality. The brand new property will enjoy an excellent layout of spaces with a double north-south orientation and cross ventilation. This apartment occupies the sixth and last floor and as it is exterior, it offers lots of natural light and magnificent views. The property of 177 m built (including communal areas) is distributed in an entrance hall , an open-plan living-dining room with access to a 12 m terrace, an individual kitchen with an office and laundry area, three double bedrooms with a private bathroom, including the main exterior with access to the terrace, and a guest toilet. The property is located on Ayala Street, in one of the best areas of the Salamanca district, in a building from 1975, with a concierge, two elevators, a forklift and a double garage in the same building (not included in the price). Expected completion date of work: June 2024.
Lucas Fox presents this beautiful property in the process of a comprehensive renovation , with a renovation with maximum attention to detail that seeks the necessary balance between aesthetics and practicality. The brand new property will enjoy an excellent layout of spaces with a double north-south orientation and cross ventilation. This apartment occupies the sixth and last floor and as it is exterior, it offers lots of natural light and magnificent views. The property of 177 m built (including communal areas) is distributed in an entrance hall , an open-plan living-dining room with access to a 12 m terrace, an individual kitchen with an office and laundry area, three double bedrooms with a private bathroom, including the main exterior with access to the terrace, and a guest toilet. The property is located on Ayala Street, in one of the best areas of the Salamanca district, in a building from 1975, with a concierge, two elevators, a forklift and a double garage in the same building (not included in the price). Expected completion date of work: June 2024.
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Currency Exchange
Madrid, Madrid, Spain, 28001
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 €2,475,000 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 |
|---|---|---|---|
| €2,475,000 | £2,105,458 | £2,166,689 | £61,232 |
| Property Price € | €2,475,000 |
| Minimum cost in the last six months | £2,105,458 |
| Maximum cost in the last six months | £2,166,689 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £61,232 |
Madrid, Madrid, Spain, 28001
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 €2,475,000 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 |
|---|---|---|---|
| €2,475,000 | £2,105,458 | £2,166,689 | £61,232 |
| Property Price € | €2,475,000 |
| Minimum cost in the last six months | £2,105,458 |
| Maximum cost in the last six months | £2,166,689 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £61,232 |
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 £61,232 more.
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