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Unbelievable location opportunity for investment
Chania Centre, Chania, Greece
REF: 306879
€230,000
Description
This house for sale in Chania is located in the centre of the city, at a spot that is only a few steps away from the Market of Chania, the Old Town and the beach of Koum Kapi. The house is of 102 sqms, built on a 172 sqm plot and has 2 bedrooms and one bathroom. The living room and dining areas are spacious and airy. The kitchen is a separate room, offering also access to the backyard and to a storage room that is right outside the kitchen. The bedrooms are bright and big enough for double beds and wardrobes. At the backyard a nice seating area can also be created. The property has air-conditioning installed and also most of the windows are new. The house is in need of some renovation, though, especially since it is a golden opportunity for investing in, and turning it to a rental home for a significant all year round income, due to its central location.
This house for sale in Chania is located in the centre of the city, at a spot that is only a few steps away from the Market of Chania, the Old Town and the beach of Koum Kapi. The house is of 102 sqms, built on a 172 sqm plot and has 2 bedrooms and one bathroom. The living room and dining areas are spacious and airy. The kitchen is a separate room, offering also access to the backyard and to a storage room that is right outside the kitchen. The bedrooms are bright and big enough for double beds and wardrobes. At the backyard a nice seating area can also be created. The property has air-conditioning installed and also most of the windows are new. The house is in need of some renovation, though, especially since it is a golden opportunity for investing in, and turning it to a rental home for a significant all year round income, due to its central location.
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Currency Exchange
Chania Centre, Chania, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece 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 €230,000 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 |
|---|---|---|---|
| €230,000 | £195,659 | £201,604 | £5,946 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £195,659 |
| Maximum cost in the last six months | £201,604 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,946 |
Chania Centre, Chania, Greece
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Greece do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Greece 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 €230,000 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 |
|---|---|---|---|
| €230,000 | £195,659 | £201,604 | £5,946 |
| Property Price € | €230,000 |
| Minimum cost in the last six months | £195,659 |
| Maximum cost in the last six months | £201,604 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,946 |
The exchange rate on the day you make an offer on your property in Greece 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 £5,946 more.
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