In the wonderful area of ??Kalafati, in a residential complex, fully independent villa (with its own entrance), with pool of high standards, excellent construction with great emphasis on the surrounding area, has five bedrooms with bathrooms, large terraces, independent guest house, in excellent con

Mykonos-kalafatis, Mykonos, Greece

For Sale

€1,600,000

REF: 566892 €1,600,000


230 m2

Description

In the wonderful area of ??Kalafati, in a residential complex, fully independent villa (with its own entrance), with pool of high standards, excellent construction with great emphasis on the surrounding area, has five bedrooms with bathrooms, large terraces, independent guest house, in excellent condition (used only by owner).
In the wonderful area of ??Kalafati, in a residential complex, fully independent villa (with its own entrance), with pool of high standards, excellent construction with great emphasis on the surrounding area, has five bedrooms with bathrooms, large terraces, independent guest house, in excellent condition (used only by owner).
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#I-17055

Currency Exchange

Mykonos-kalafatis, Mykonos, 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 €1,600,000 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
€1,600,000 £1,361,104 £1,402,464 £41,360
Property Price € €1,600,000
Minimum cost in the last six months £1,361,104
Maximum cost in the last six months £1,402,464
Fluctuating exchange rates over the last six months could have increased the cost of this property by £41,360

Mykonos-kalafatis, Mykonos, 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 €1,600,000 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
€1,600,000 £1,361,104 £1,402,464 £41,360
Property Price € €1,600,000
Minimum cost in the last six months £1,361,104
Maximum cost in the last six months £1,402,464
Fluctuating exchange rates over the last six months could have increased the cost of this property by £41,360

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 £41,360 more.

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