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Bungalow
Alicante (Alacant), Costa Blanca, Spain
REF: 972618
€575,000
Description
Villa located in the best area of Torrevieja in the prestigious urbanization of Los Balcones. Built in 1980 with the best materials on a 1500 m2 corner plot. Upon entering we find a large swimming pool. We continue and arrive at a covered terrace, facing south where we can enjoy the outdoors all year round. Upon entering we have a large living/dining room with a wood-burning fireplace. From the living room, we access the fully furnished and equipped kitchen with an exit to the outside where we have a laundry room. Also starting from the living room we have a hallway with access to the 4 bedrooms, all with built-in wardrobes, and the 2 full bathrooms. The house, with alarm, also has a tourist licenseLocated 3 km from the beach. The area has all the services and shops such as supermarkets, restaurants, bars, schools and a university hospital less than 1 km away.
Villa located in the best area of Torrevieja in the prestigious urbanization of Los Balcones. Built in 1980 with the best materials on a 1500 m2 corner plot. Upon entering we find a large swimming pool. We continue and arrive at a covered terrace, facing south where we can enjoy the outdoors all year round. Upon entering we have a large living/dining room with a wood-burning fireplace. From the living room, we access the fully furnished and equipped kitchen with an exit to the outside where we have a laundry room. Also starting from the living room we have a hallway with access to the 4 bedrooms, all with built-in wardrobes, and the 2 full bathrooms. The house, with alarm, also has a tourist licenseLocated 3 km from the beach. The area has all the services and shops such as supermarkets, restaurants, bars, schools and a university hospital less than 1 km away.
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Currency Exchange
Alicante (Alacant), Costa Blanca, 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 €575,000 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 |
|---|---|---|---|
| €575,000 | £474,582 | £499,152 | £24,570 |
| Property Price € | €575,000 |
| Minimum cost in the last six months | £474,582 |
| Maximum cost in the last six months | £499,152 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,570 |
Alicante (Alacant), Costa Blanca, 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 €575,000 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 |
|---|---|---|---|
| €575,000 | £474,582 | £499,152 | £24,570 |
| Property Price € | €575,000 |
| Minimum cost in the last six months | £474,582 |
| Maximum cost in the last six months | £499,152 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,570 |
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 £24,570 more.
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