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For sale: A big farm with small house and storage buildings, organic productive olive grow (150 olive trees) situated 2 km outside of Spili village, at 30 km from Rethymno and 25 km from Agia Galini, South Coast of Rethymno
Rethymno, Crete, Greece
REF: 743647
€100,000
Description
For sale: A big farm with small house and storage buildings, organic productive olive grow (150 olive trees) situated 2 km outside of Spili village, at 30 km from Rethymno and 25 km from Agia Galini, South Coast of Rethymno.The land has a total size 26.198 sqm, fenced, offering beautiful mountains and countryside views.A part of the land of 3.191 sqm is characterized as forestry and the rest of the land offers building allowance up to 150 sqm for residential, 200 sqm for office, 600 sqm for shop and also for a hotel up to 30 beds.On the land, there is small ground floor house of 40,95 sqm legalized according with the law which comprises of a kitchen, a bathroom and an open place room serving for living/ dining, bed room.Around the house are 2 large verandas.Close to the house, there are 2 other building used as storage places, one of 20 sqm and the other of 8 sqm with a BBQ area.The property provides electricity and water and many option to be exploited and improved.The access is from a dirt road for the last 1 km after turning from the main road which links the North and South Coast of Rethymno.Most famous sandy beaches of Crete, Ligres, Agia Fotini, Triopetra are in about 15 km.Both Airports of Heraclion and Chania are at about 1,5 hours driving.
For sale: A big farm with small house and storage buildings, organic productive olive grow (150 olive trees) situated 2 km outside of Spili village, at 30 km from Rethymno and 25 km from Agia Galini, South Coast of Rethymno.The land has a total size 26.198 sqm, fenced, offering beautiful mountains and countryside views.A part of the land of 3.191 sqm is characterized as forestry and the rest of the land offers building allowance up to 150 sqm for residential, 200 sqm for office, 600 sqm for shop and also for a hotel up to 30 beds.On the land, there is small ground floor house of 40,95 sqm legalized according with the law which comprises of a kitchen, a bathroom and an open place room serving for living/ dining, bed room.Around the house are 2 large verandas.Close to the house, there are 2 other building used as storage places, one of 20 sqm and the other of 8 sqm with a BBQ area.The property provides electricity and water and many option to be exploited and improved.The access is from a dirt road for the last 1 km after turning from the main road which links the North and South Coast of Rethymno.Most famous sandy beaches of Crete, Ligres, Agia Fotini, Triopetra are in about 15 km.Both Airports of Heraclion and Chania are at about 1,5 hours driving.
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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 €100,000 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 |
|---|---|---|---|
| €100,000 | £85,069 | £87,649 | £2,580 |
| Property Price € | €100,000 |
| Minimum cost in the last six months | £85,069 |
| Maximum cost in the last six months | £87,649 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,580 |
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 €100,000 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 |
|---|---|---|---|
| €100,000 | £85,069 | £87,649 | £2,580 |
| Property Price € | €100,000 |
| Minimum cost in the last six months | £85,069 |
| Maximum cost in the last six months | £87,649 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,580 |
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 £2,580 more.
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