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Fully renovated traditional house of 157 sqm in Chromonastiri village at 11 km from Rethymno
Rethymno, Crete, Greece
REF: 698704
€195,000
Description
Fully renovated traditional house of 157 sqm in Chromonastiri village at 11 km from Rethymno.The house has been renovated following the traditional Cretan style preserving the original elements such as the fireplace, the oven, the fitted shelves, the wooden ceiling, the windows, the doors etc.On the ground floor there is beautiful decorated sitting area with an original, functional Venetian well, the kitchen and a bathroom.On the first floor there are 2 bedrooms and a large living room with fireplace.From the roof terrace could be enjoyed great views over the village and the surrounding landscape.The location is peaceful with lots of green and outstanding mountain views.The property is ideal both for a holiday and permanent residence.Chromonastiri is a traditional settlement located 11km southeast of Rethymno, east of the Mount Vrisinas at an altitude of 360 meters. The name means Color and Monastery and probably this name comes by the coexistence of the village and the monastery of Panagia Kera (back to the Second Byzantine and Venetian period). Built around the 12th-13th centuries the village is listed as a historical monument. Visitors will find a war museum, a Venetian villa, two fascinating Byzantine churches (Panagia Kera and Agios Eftihios) and a fantastic landscape.Just 1 km northwest of the village is Mili Gorge, a wonderful green junglelike gorge with over 30 ruins of old mills.
Fully renovated traditional house of 157 sqm in Chromonastiri village at 11 km from Rethymno.The house has been renovated following the traditional Cretan style preserving the original elements such as the fireplace, the oven, the fitted shelves, the wooden ceiling, the windows, the doors etc.On the ground floor there is beautiful decorated sitting area with an original, functional Venetian well, the kitchen and a bathroom.On the first floor there are 2 bedrooms and a large living room with fireplace.From the roof terrace could be enjoyed great views over the village and the surrounding landscape.The location is peaceful with lots of green and outstanding mountain views.The property is ideal both for a holiday and permanent residence.Chromonastiri is a traditional settlement located 11km southeast of Rethymno, east of the Mount Vrisinas at an altitude of 360 meters. The name means Color and Monastery and probably this name comes by the coexistence of the village and the monastery of Panagia Kera (back to the Second Byzantine and Venetian period). Built around the 12th-13th centuries the village is listed as a historical monument. Visitors will find a war museum, a Venetian villa, two fascinating Byzantine churches (Panagia Kera and Agios Eftihios) and a fantastic landscape.Just 1 km northwest of the village is Mili Gorge, a wonderful green junglelike gorge with over 30 ruins of old mills.
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Currency Exchange
Rethymno, Crete, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £165,885 | £170,916 | £5,031 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £165,885 |
| Maximum cost in the last six months | £170,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,031 |
Rethymno, Crete, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £165,885 | £170,916 | £5,031 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £165,885 |
| Maximum cost in the last six months | £170,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,031 |
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 £5,031 more.
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