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Plot in the village of Panormo
Rethymno, Crete , Greece
REF: 782367
€85,000
Description
A plot located 250 meters from the center of the village of Panormo. The 468,65 m2 plot is inside the city plan and therefore has a building allowance of 360 m2. Located on the slop of a hill, it offers a beautiful sea view. It has a direct access to the national road and is at a walking distance from the beach and the center of the village. Panormo is situated approximately 20 km east of the town of Rethymnon.It is a lovely seaside village which has undergone rapid development over the past decades, without however losing its traditional character. The picturesque village, with its small harbor and beautiful beaches, offers all the facilities and amenities.
A plot located 250 meters from the center of the village of Panormo. The 468,65 m2 plot is inside the city plan and therefore has a building allowance of 360 m2. Located on the slop of a hill, it offers a beautiful sea view. It has a direct access to the national road and is at a walking distance from the beach and the center of the village. Panormo is situated approximately 20 km east of the town of Rethymnon.It is a lovely seaside village which has undergone rapid development over the past decades, without however losing its traditional character. The picturesque village, with its small harbor and beautiful beaches, offers all the facilities and amenities.
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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 €85,000 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 |
|---|---|---|---|
| €85,000 | £72,309 | £74,506 | £2,197 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £72,309 |
| Maximum cost in the last six months | £74,506 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,197 |
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 €85,000 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 |
|---|---|---|---|
| €85,000 | £72,309 | £74,506 | £2,197 |
| Property Price € | €85,000 |
| Minimum cost in the last six months | £72,309 |
| Maximum cost in the last six months | £74,506 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,197 |
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 £2,197 more.
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