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A Unique Property in a traditional village
Krousonas, Crete , Greece
REF: 782324
€400,000
Description
This property dates back to the late 1800s and is situated in the heart of a fully functional, traditional village, a short drive away from the largest city in Crete, Heraklion. It is spread over various levels and offers great potential, either as a home or a rental business with fully four functional, independent studios and a common, enclosed, courtyard. It is approximately 270 m2 and has oil-based central heating, as well as a traditional wood-burning stove. The property features many unique elements, each carrying its own history. It is ideal for those seeking to purchase something truly unique, with a long history and experience the true Cretan life, yet, with all the amenities at their feet. The village of Krousonas, in the foothills of Mount Ida, or Psiloritis, dates back to at least the 16th century. It offers views of the countryside. The small Thirathen Museum of Musical Instruments displays traditional Greek and Cretan instruments and also hosts concerts and workshops. Open-air cafes and tavernas are scattered around the village centre. The property is merely a 20-minute drive from either the harbour or the airport.
This property dates back to the late 1800s and is situated in the heart of a fully functional, traditional village, a short drive away from the largest city in Crete, Heraklion. It is spread over various levels and offers great potential, either as a home or a rental business with fully four functional, independent studios and a common, enclosed, courtyard. It is approximately 270 m2 and has oil-based central heating, as well as a traditional wood-burning stove. The property features many unique elements, each carrying its own history. It is ideal for those seeking to purchase something truly unique, with a long history and experience the true Cretan life, yet, with all the amenities at their feet. The village of Krousonas, in the foothills of Mount Ida, or Psiloritis, dates back to at least the 16th century. It offers views of the countryside. The small Thirathen Museum of Musical Instruments displays traditional Greek and Cretan instruments and also hosts concerts and workshops. Open-air cafes and tavernas are scattered around the village centre. The property is merely a 20-minute drive from either the harbour or the airport.
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Currency Exchange
Krousonas, 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 €400,000 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 |
|---|---|---|---|
| €400,000 | £340,276 | £350,616 | £10,340 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £340,276 |
| Maximum cost in the last six months | £350,616 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,340 |
Krousonas, 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 €400,000 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 |
|---|---|---|---|
| €400,000 | £340,276 | £350,616 | £10,340 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £340,276 |
| Maximum cost in the last six months | £350,616 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £10,340 |
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 £10,340 more.
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