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Alaior, Spain
REF: 976026
€250,000
Description
Attention investors! We present an urban plot in Alaior with a project that combines functionality, profitability and residential attractiveness. Located within the urban core, this plot is an unbeatable opportunity to develop a promotion with high return potential. Plot characteristics: Plot area: 286 m Frontage: 13 metres Buildable depth: 17 metres (the total depth of the plot is 22 metres) Maximum buildable area: 663 m above ground Basement 100% buildable Number of floors: Ground + 2 heights Maximum number of dwellings: 5 The project includes: 5 exclusive homes with modern design Communal swimming pool Parking space for each unit Commercial premises on the ground floor, perfect for making the investment even more profitable This plot represents an excellent development opportunity in one of the towns with the greatest residential projection in Menorca. Its central location, the possibility of building an attractive and well laid out project, and the high demand for housing in the area, make it a star product for any developer or investor. If you are interested in finding out more, contact us and we will provide you with all the project documentation and the urban viability! #ref:S L_183
Attention investors! We present an urban plot in Alaior with a project that combines functionality, profitability and residential attractiveness. Located within the urban core, this plot is an unbeatable opportunity to develop a promotion with high return potential. Plot characteristics: Plot area: 286 m Frontage: 13 metres Buildable depth: 17 metres (the total depth of the plot is 22 metres) Maximum buildable area: 663 m above ground Basement 100% buildable Number of floors: Ground + 2 heights Maximum number of dwellings: 5 The project includes: 5 exclusive homes with modern design Communal swimming pool Parking space for each unit Commercial premises on the ground floor, perfect for making the investment even more profitable This plot represents an excellent development opportunity in one of the towns with the greatest residential projection in Menorca. Its central location, the possibility of building an attractive and well laid out project, and the high demand for housing in the area, make it a star product for any developer or investor. If you are interested in finding out more, contact us and we will provide you with all the project documentation and the urban viability! #ref:S L_183
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Property on Map
Currency Exchange
Alaior, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £217,023 | £11,048 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £217,023 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,048 |
Alaior, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £217,023 | £11,048 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £217,023 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,048 |
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 £11,048 more.
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