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Sale of two one bedroom apartments plus basement and covered parking
Agios Nikolaos, Greece
REF: 342444
€125,000
Description
Set in the popular tourist resort of Elounda, Agios Nikolaos, Crete just a short walk to the resort center and to two sandy beaches this is two one bedroom apartments, a basement that can also be made into a larger apartment plus a covered garage for two cars also in the basement. The ground floor and first floor apartments are identical. They comprise an open plan living room/kitchen, a bathroom and a double bedroom with balcony. Each apartment is 47 square meters in size. The basement (57 square meters) can be made into a larger one bedroom apartment. There is also a garage for two cars at the basement. The Elounda area is the Number One destination in Greece for A-class tourists. Although the area is thriving in the tourist market it is not easy to get a license for a new hotel, this makes this here sale a great opportunity for a sound investment. Distance from: Plaka 2 km Agios Nikolaos 9km International airport of Heraklion 60km (approx 1 hour drive)
Set in the popular tourist resort of Elounda, Agios Nikolaos, Crete just a short walk to the resort center and to two sandy beaches this is two one bedroom apartments, a basement that can also be made into a larger apartment plus a covered garage for two cars also in the basement. The ground floor and first floor apartments are identical. They comprise an open plan living room/kitchen, a bathroom and a double bedroom with balcony. Each apartment is 47 square meters in size. The basement (57 square meters) can be made into a larger one bedroom apartment. There is also a garage for two cars at the basement. The Elounda area is the Number One destination in Greece for A-class tourists. Although the area is thriving in the tourist market it is not easy to get a license for a new hotel, this makes this here sale a great opportunity for a sound investment. Distance from: Plaka 2 km Agios Nikolaos 9km International airport of Heraklion 60km (approx 1 hour drive)
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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 €125,000 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 |
|---|---|---|---|
| €125,000 | £107,055 | £112,761 | £5,706 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £107,055 |
| Maximum cost in the last six months | £112,761 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,706 |
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 €125,000 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 |
|---|---|---|---|
| €125,000 | £107,055 | £112,761 | £5,706 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £107,055 |
| Maximum cost in the last six months | £112,761 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,706 |
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 £5,706 more.
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