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A 10
Rethymno, Crete , Greece
REF: 782370
€800,000
Description
A wonderful investment opportunity awaits in the charming village of Armeni, located approximately 7.5 km from the town of Rethymno. Nestled on a vast 10,000 square meter plot of land, you will find four captivating stone villas offering magnificent mountain views. These villas offer a unique investment prospect, with two of them currently in an unfinished state, allowing you the freedom to customize them to your liking. The remaining two villas have already been equipped with foundations, providing a solid starting point for their construction. Each villa boasts a spacious floor area of 147 square meters, accommodating your lifestyle needs perfectly. Designed to feature three bedrooms, two bathrooms, an open-plan kitchen with a dining area, and a generous living space, these houses offer comfort and functionality. Large verandas accompany each villa, providing beautiful views of the surroundings, and a license for a swimming pool is included, offering the opportunity to create a refreshing oasis. The expansive 10,000 square meter plot grants ample space for gardens, outdoor entertainment areas, or any additional amenities you may desire. The village of Armeni itself offers a peaceful and authentic Cretan experience, immersed in nature's beauty. The mountain views create a serene backdrop, while convenient amenities nearby cater to your everyday needs. Immerse yourself in the rich local culture and indulge in the flavors of traditional Cretan cuisine.
A wonderful investment opportunity awaits in the charming village of Armeni, located approximately 7.5 km from the town of Rethymno. Nestled on a vast 10,000 square meter plot of land, you will find four captivating stone villas offering magnificent mountain views. These villas offer a unique investment prospect, with two of them currently in an unfinished state, allowing you the freedom to customize them to your liking. The remaining two villas have already been equipped with foundations, providing a solid starting point for their construction. Each villa boasts a spacious floor area of 147 square meters, accommodating your lifestyle needs perfectly. Designed to feature three bedrooms, two bathrooms, an open-plan kitchen with a dining area, and a generous living space, these houses offer comfort and functionality. Large verandas accompany each villa, providing beautiful views of the surroundings, and a license for a swimming pool is included, offering the opportunity to create a refreshing oasis. The expansive 10,000 square meter plot grants ample space for gardens, outdoor entertainment areas, or any additional amenities you may desire. The village of Armeni itself offers a peaceful and authentic Cretan experience, immersed in nature's beauty. The mountain views create a serene backdrop, while convenient amenities nearby cater to your everyday needs. Immerse yourself in the rich local culture and indulge in the flavors of traditional Cretan cuisine.
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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 €800,000 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 |
|---|---|---|---|
| €800,000 | £680,552 | £701,232 | £20,680 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £680,552 |
| Maximum cost in the last six months | £701,232 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,680 |
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 €800,000 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 |
|---|---|---|---|
| €800,000 | £680,552 | £701,232 | £20,680 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £680,552 |
| Maximum cost in the last six months | £701,232 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,680 |
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 £20,680 more.
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