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This wonderful duplex apartment situated in a peaceful location in the heart of Palma's historic Old Town is one of the most enviable residential areas only a stone's throw from the famous Cathedral and all the fabulous boutique shops and endless incredible restaurants
Palma de Mallorca, Mallorca, Spain
REF: 989993
€1,200,000
Description
This wonderful duplex apartment situated in a peaceful location in the heart of Palma's historic Old Town is one of the most enviable residential areas only a stone's throw from the famous Cathedral and all the fabulous boutique shops and endless incredible restaurants. The Apartment forms part of the Old City Palace so retains some amazing architectural features while maintaining it's authenticity even thou it had a big reformation in 2010. On entering the property through the original wooden doors you are met by a welcoming entrance hall. On the ground floor you have the living area of 110sqm which provides a large open lounge with open fire place and retains the original beams which provide a warm and homely feel. The equipped kitchen and ample dining area provide a comfortable and spacious place to entertain and a bathroom equipped with a shower. The characterful two double bedrooms on the lower level share one bathroom and also located is a storage area which could be used either a home gym or office. This apartment is the perfect lock up and leave in one of the most desirable cities Europe, early viewing is recommended.
This wonderful duplex apartment situated in a peaceful location in the heart of Palma's historic Old Town is one of the most enviable residential areas only a stone's throw from the famous Cathedral and all the fabulous boutique shops and endless incredible restaurants. The Apartment forms part of the Old City Palace so retains some amazing architectural features while maintaining it's authenticity even thou it had a big reformation in 2010. On entering the property through the original wooden doors you are met by a welcoming entrance hall. On the ground floor you have the living area of 110sqm which provides a large open lounge with open fire place and retains the original beams which provide a warm and homely feel. The equipped kitchen and ample dining area provide a comfortable and spacious place to entertain and a bathroom equipped with a shower. The characterful two double bedrooms on the lower level share one bathroom and also located is a storage area which could be used either a home gym or office. This apartment is the perfect lock up and leave in one of the most desirable cities Europe, early viewing is recommended.
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Currency Exchange
Palma de Mallorca, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £990,540 | £1,041,708 | £51,168 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £990,540 |
| Maximum cost in the last six months | £1,041,708 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £51,168 |
Palma de Mallorca, 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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £990,540 | £1,041,708 | £51,168 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £990,540 |
| Maximum cost in the last six months | £1,041,708 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £51,168 |
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 £51,168 more.
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