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Introducing this bright one- bedroom , one- bathroom property , located in one of Madrid's most desirable areas , nestled among tree-lined streets and with excellent connections to the centre
Madrid, Madrid, Spain, 28006
REF: 985441
€400,000
Description
Introducing this bright one- bedroom , one- bathroom property , located in one of Madrid's most desirable areas , nestled among tree-lined streets and with excellent connections to the centre. Located in a charming, classic building , the apartment has been completely renovated with high-quality materials, including finishes and furnishings by carefully selected Italian designers. The property comes fully furnished, ready to move into or rent from day one. Double-glazed windows guarantee thermal and acoustic comfort at all times. Ideal for both living and investment, thanks to the high rental demand in the area and the attractiveness of the neighbourhood: steps from Retiro Park, with access to multiple metro lines, local commerce, and an active and established neighbourhood life. A property that combines style, practicality and an unbeatable location.
Introducing this bright one- bedroom , one- bathroom property , located in one of Madrid's most desirable areas , nestled among tree-lined streets and with excellent connections to the centre. Located in a charming, classic building , the apartment has been completely renovated with high-quality materials, including finishes and furnishings by carefully selected Italian designers. The property comes fully furnished, ready to move into or rent from day one. Double-glazed windows guarantee thermal and acoustic comfort at all times. Ideal for both living and investment, thanks to the high rental demand in the area and the attractiveness of the neighbourhood: steps from Retiro Park, with access to multiple metro lines, local commerce, and an active and established neighbourhood life. A property that combines style, practicality and an unbeatable location.
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Currency Exchange
Madrid, Madrid, Spain, 28006
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 €400,000 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 |
|---|---|---|---|
| €400,000 | £330,144 | £347,236 | £17,092 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £330,144 |
| Maximum cost in the last six months | £347,236 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,092 |
Madrid, Madrid, Spain, 28006
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 €400,000 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 |
|---|---|---|---|
| €400,000 | £330,144 | £347,236 | £17,092 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £330,144 |
| Maximum cost in the last six months | £347,236 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,092 |
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 £17,092 more.
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