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Two building property for renovation in the heart of Neapoli
Agios Nikolaos, Greece
REF: 461515
€70,000
Description
Property for renovation located in the heart of Neapolis town, just a short walk to the main square and the shops. The property consists of two buildings of 56m2 and 30m2 each, which are not attached. The main building of 56m2 consists of 3 rooms . It has a front courtyard of 17m2 with stairs leading up to the flat roof. A long yard of about 37m2 connects the main building with the second building of 30m2. This second building consists of just two rooms. To the front of this is a small courtyard of 9m2. Both buildings have courtyards with access onto small village lanes. Neapolis is a very nice traditional Cretan town less than a 10 minute drive north of the coastal tourist town of Agios Nikolaos. It is surrounded by lovely villages which are very popular with the locals due to the variety and high quality of the food and drinks offered at the kafeneions and taverns. The north coast is very close (about 10 minute drive) where the resorts of Malia, Sissi and Milatos offer many beaches and facilities. The international airport of Heraklion is a 35 minute drive.
Property for renovation located in the heart of Neapolis town, just a short walk to the main square and the shops. The property consists of two buildings of 56m2 and 30m2 each, which are not attached. The main building of 56m2 consists of 3 rooms . It has a front courtyard of 17m2 with stairs leading up to the flat roof. A long yard of about 37m2 connects the main building with the second building of 30m2. This second building consists of just two rooms. To the front of this is a small courtyard of 9m2. Both buildings have courtyards with access onto small village lanes. Neapolis is a very nice traditional Cretan town less than a 10 minute drive north of the coastal tourist town of Agios Nikolaos. It is surrounded by lovely villages which are very popular with the locals due to the variety and high quality of the food and drinks offered at the kafeneions and taverns. The north coast is very close (about 10 minute drive) where the resorts of Malia, Sissi and Milatos offer many beaches and facilities. The international airport of Heraklion is a 35 minute 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 €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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