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Building plot with sea views and building permit for house with swimming pool
Agios Nikolaos, Greece
REF: 342421
€70,000
Description
This is a plot of 750 m2 on a hill side that faces the Aegean Sea and the coastal village of Milatos Beach, Lasithi, Crete. The plot has a building licence for a house of 100 m2 with swimming pool. Water, power and phone lines with broadband internet are on the land which has immediate access to the asphalt road that leads to the nearby (1.4 km) village of Milatos. Milatos is a very picturesque village in north east Crete with a mountain range as a backdrop and the blue sea spread out in front. With fish restaurants, tavernas and other small shops it s a low key tourist area and a favourite week-end get away for Heraklion city dwellers. It lies between the towns of Malia and Neapolis where supermarkets and other amenities are available, and is about a 10 minute drive to these destinations. The international airport of Heraklion is just a 35 minute drive away.
This is a plot of 750 m2 on a hill side that faces the Aegean Sea and the coastal village of Milatos Beach, Lasithi, Crete. The plot has a building licence for a house of 100 m2 with swimming pool. Water, power and phone lines with broadband internet are on the land which has immediate access to the asphalt road that leads to the nearby (1.4 km) village of Milatos. Milatos is a very picturesque village in north east Crete with a mountain range as a backdrop and the blue sea spread out in front. With fish restaurants, tavernas and other small shops it s a low key tourist area and a favourite week-end get away for Heraklion city dwellers. It lies between the towns of Malia and Neapolis where supermarkets and other amenities are available, and is about a 10 minute drive to these destinations. The international airport of Heraklion is just a 35 minute drive away.
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Currency Exchange
Agios Nikolaos, 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 €70,000 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 |
|---|---|---|---|
| €70,000 | £59,548 | £61,354 | £1,806 |
| Property Price € | €70,000 |
| Minimum cost in the last six months | £59,548 |
| Maximum cost in the last six months | £61,354 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,806 |
Agios Nikolaos, 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 €70,000 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 |
|---|---|---|---|
| €70,000 | £59,548 | £61,354 | £1,806 |
| Property Price € | €70,000 |
| Minimum cost in the last six months | £59,548 |
| Maximum cost in the last six months | £61,354 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,806 |
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 £1,806 more.
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