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The house, built in 1995 and completely renovated just three years ago, is distributed between the first and second floors
Portals Nous, Mallorca, Spain
REF: 963165
€965,000
Description
The house, built in 1995 and completely renovated just three years ago, is distributed between the first and second floors. The entrance leads to the garage and the staircase leading to the upper floors. On the first floor, we find a large living room with a fireplace opening onto a balcony, in the same space, a modern open-plan kitchen, a toilet, and a space with a second fully equipped kitchen that, in addition to serving as a laundry room, can also be used as a pantry. Both the kitchen and the laundry room open onto the patio equipped with a table and sofa for enjoying lunches and dinners al fresco. On the second floor, there are three comfortable bedrooms: two with modern en-suite bathrooms and built-in wardrobes (the master bedroom offers a large bathroom). This floor also houses a third bathroom. The heating and cooling system is wall-mounted split-type units. A garage for one vehicle and two parking spaces in front of the house complete the property. The house is just a few minutes' drive from Portal Nous, where you'll find schools, banks, pharmacies, supermarkets, and all kinds of shops. The famous Puerto Portals is also very close by and is a hub of high-end shops, restaurants, and bars, a beautiful area for strolling. During the Christmas period, Puerto Portals hosts its legendary flea market, which has become a regular event for both island residents and tourists.
The house, built in 1995 and completely renovated just three years ago, is distributed between the first and second floors. The entrance leads to the garage and the staircase leading to the upper floors. On the first floor, we find a large living room with a fireplace opening onto a balcony, in the same space, a modern open-plan kitchen, a toilet, and a space with a second fully equipped kitchen that, in addition to serving as a laundry room, can also be used as a pantry. Both the kitchen and the laundry room open onto the patio equipped with a table and sofa for enjoying lunches and dinners al fresco. On the second floor, there are three comfortable bedrooms: two with modern en-suite bathrooms and built-in wardrobes (the master bedroom offers a large bathroom). This floor also houses a third bathroom. The heating and cooling system is wall-mounted split-type units. A garage for one vehicle and two parking spaces in front of the house complete the property. The house is just a few minutes' drive from Portal Nous, where you'll find schools, banks, pharmacies, supermarkets, and all kinds of shops. The famous Puerto Portals is also very close by and is a hub of high-end shops, restaurants, and bars, a beautiful area for strolling. During the Christmas period, Puerto Portals hosts its legendary flea market, which has become a regular event for both island residents and tourists.
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Currency Exchange
Portals Nous, Mallorca, 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 €965,000 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 |
|---|---|---|---|
| €965,000 | £796,559 | £837,707 | £41,148 |
| Property Price € | €965,000 |
| Minimum cost in the last six months | £796,559 |
| Maximum cost in the last six months | £837,707 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,148 |
Portals Nous, Mallorca, 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 €965,000 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 |
|---|---|---|---|
| €965,000 | £796,559 | £837,707 | £41,148 |
| Property Price € | €965,000 |
| Minimum cost in the last six months | £796,559 |
| Maximum cost in the last six months | £837,707 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £41,148 |
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 £41,148 more.
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