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Large buildable olive grove, uninterrupted seaviews
Agios Nikolaos, Greece
REF: 695022
€120,000
Description
Large (22,277 m2) agricultural, buildable plot of land, nicely positioned in the wonderful Mirabello Gulf region, near the coastal village of Pahia Ammos and the village of Kavousi. The land has the planning permission (allowance) for a house of up to 120 m2, plus basement, plus attic. There are about 400 olive trees on this plot, located in an agricultural region where cheap irrigation water is available. From its elevated position on the slope of a hill (100-170 meters above sea level) the plot enjoys nice unobstructed views of the sea, and the surrounding countryside and mountains. It has access via an agricultural road and services like electricity, water, telephone and high-speed internet are nearby and would be easy to connect to. The fishing village and the beach of Pahia Ammos are a 5-minute drive from this land. The town of Ierapetra is about a 15-minute drive from here and the province capital Agios Nikolaos 20 minutes by car. The village of Pacheia Ammos is known for its large sandy beach and the very good and affordable fish restaurants. There are many shops and amenities, including supermarket, in the village which is vibrant all year round as it is a favorite destination for the neighboring towns day offs and weekends. The international airport of Heraklion is an hour s drive from the land.
Large (22,277 m2) agricultural, buildable plot of land, nicely positioned in the wonderful Mirabello Gulf region, near the coastal village of Pahia Ammos and the village of Kavousi. The land has the planning permission (allowance) for a house of up to 120 m2, plus basement, plus attic. There are about 400 olive trees on this plot, located in an agricultural region where cheap irrigation water is available. From its elevated position on the slope of a hill (100-170 meters above sea level) the plot enjoys nice unobstructed views of the sea, and the surrounding countryside and mountains. It has access via an agricultural road and services like electricity, water, telephone and high-speed internet are nearby and would be easy to connect to. The fishing village and the beach of Pahia Ammos are a 5-minute drive from this land. The town of Ierapetra is about a 15-minute drive from here and the province capital Agios Nikolaos 20 minutes by car. The village of Pacheia Ammos is known for its large sandy beach and the very good and affordable fish restaurants. There are many shops and amenities, including supermarket, in the village which is vibrant all year round as it is a favorite destination for the neighboring towns day offs and weekends. The international airport of Heraklion is an hour s drive from the land.
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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 €120,000 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 |
|---|---|---|---|
| €120,000 | £102,083 | £105,185 | £3,102 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £102,083 |
| Maximum cost in the last six months | £105,185 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,102 |
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 €120,000 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 |
|---|---|---|---|
| €120,000 | £102,083 | £105,185 | £3,102 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £102,083 |
| Maximum cost in the last six months | £105,185 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,102 |
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 £3,102 more.
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