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Large house for renovation in the center of the village of Kavousi
Ierapetra, Greece
REF: 342298
€55,000
Description
This is a large old stone house just off the square of the village of Kavousi, Lasithi, Crete. The house comprises 3 large rooms on the ground floor and a small garden area at the back of the ground floor. An external staircase leads up to the first floor where there is a large balcony/terrace, 2 good size rooms, a smaller room and a small bathroom as well as a small balcony to the back of the house. The house has a flat roof that could be easily made into a roof terrace with sea views on to Tholos beach and the Mirabelo bay. The house has access to water, sewage, electricity and phone lines. It can easily be made into a comfortable 2 or 3 bedroom house. Ierapetra and Agios Nikolaos are within a 20 and 25 minute drive respectfully. Road access and parking is very close to the house. There are many shops and amenities in the village which remain open all year round. The wonderful beach of Tholos is only a 3 minute drive from here. Kavousi is a beautiful tradition village set on the 25th km of the Agios Nikolaos-Sitia road. The international airport of Heraklion is about an hour s drive. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete.
This is a large old stone house just off the square of the village of Kavousi, Lasithi, Crete. The house comprises 3 large rooms on the ground floor and a small garden area at the back of the ground floor. An external staircase leads up to the first floor where there is a large balcony/terrace, 2 good size rooms, a smaller room and a small bathroom as well as a small balcony to the back of the house. The house has a flat roof that could be easily made into a roof terrace with sea views on to Tholos beach and the Mirabelo bay. The house has access to water, sewage, electricity and phone lines. It can easily be made into a comfortable 2 or 3 bedroom house. Ierapetra and Agios Nikolaos are within a 20 and 25 minute drive respectfully. Road access and parking is very close to the house. There are many shops and amenities in the village which remain open all year round. The wonderful beach of Tholos is only a 3 minute drive from here. Kavousi is a beautiful tradition village set on the 25th km of the Agios Nikolaos-Sitia road. The international airport of Heraklion is about an hour s drive. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete.
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Currency Exchange
Ierapetra, 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 €55,000 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 |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
Ierapetra, 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 €55,000 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 |
|---|---|---|---|
| €55,000 | £46,788 | £48,210 | £1,422 |
| Property Price € | €55,000 |
| Minimum cost in the last six months | £46,788 |
| Maximum cost in the last six months | £48,210 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,422 |
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 £1,422 more.
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