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Unfinished house in Erfi with sea view
Arkadi, Crete , Greece
REF: 782379
€120,000
Description
An unfinished house, inside the village of Erfi with beautiful views over the sea and countryside. An unfinished house, inside the village of Erfi with beautiful views over the sea and the countryside. The house is 164 M2 and is built over 2 floors with its main entrance at street level and the bedrooms on the lower level. The property is light and spacious. The windows are in place throughout and doors have been purchased but they are not installed. The plasterboards in the property just require installation and the connections for all the air conditioning units are in place, however, the units themselves will need to be acquired. Water and electricity are installed. Upon entering the property, you find a large area which can be used as an open-plan kitchen with a living room. There is a smaller room where the bathroom can be installed and also a large veranda with beautiful views over the sea and the village. A staircase leads to the lower ground floor, which consists of 3 bedrooms and a garden area. Some of the walls at this level are stone, which provides a lot of character to the house combining the old and new construction and providing great potential to become a very special and unique house. This property sits on a plot of 269,83 m2 and therefore there is an opportunity to create a beautiful garden. Erfi is a small traditional village, approximately 15 km from the town of Rethymno and 10 minutes drive from the sea and amenities. This is the perfect location to enjoy local life but at the same time be within easy access to supermarkets, restaurants, chemists, doctors and all other facilities including the national highway.
An unfinished house, inside the village of Erfi with beautiful views over the sea and countryside. An unfinished house, inside the village of Erfi with beautiful views over the sea and the countryside. The house is 164 M2 and is built over 2 floors with its main entrance at street level and the bedrooms on the lower level. The property is light and spacious. The windows are in place throughout and doors have been purchased but they are not installed. The plasterboards in the property just require installation and the connections for all the air conditioning units are in place, however, the units themselves will need to be acquired. Water and electricity are installed. Upon entering the property, you find a large area which can be used as an open-plan kitchen with a living room. There is a smaller room where the bathroom can be installed and also a large veranda with beautiful views over the sea and the village. A staircase leads to the lower ground floor, which consists of 3 bedrooms and a garden area. Some of the walls at this level are stone, which provides a lot of character to the house combining the old and new construction and providing great potential to become a very special and unique house. This property sits on a plot of 269,83 m2 and therefore there is an opportunity to create a beautiful garden. Erfi is a small traditional village, approximately 15 km from the town of Rethymno and 10 minutes drive from the sea and amenities. This is the perfect location to enjoy local life but at the same time be within easy access to supermarkets, restaurants, chemists, doctors and all other facilities including the national highway.
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Currency Exchange
Arkadi, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £102,083 | £105,185 | £3,102 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £102,083 |
| Maximum cost in the last six months | £105,185 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,102 |
Arkadi, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £102,083 | £105,185 | £3,102 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £102,083 |
| Maximum cost in the last six months | £105,185 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,102 |
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 £3,102 more.
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