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Big waterfront plot in Kalo Nero
Makrys Gialos, Crete , Greece
REF: 782393
€1,500,000
Description
This plot is in the area of ??Kalo Nero (about 7km from the city Makry Gialos), off-plan, on a rare beachfront plot, overlooking Koufonissi. Its total surface is 57.000m2. This property has all the necessary approvals: a) Approval of forest and archeology offices b) The seashore line has officially been set and published in the Government Gazette c) The beach zone concession has been made d) Partitions have been made, above the beach area, on 9 plots, the surface of which range from 4300m2 to 8000m2. e) 200-280m2 residential architectural plans have been made, 9 licenses of which, have been submitted to the Planning Office, and have received the respective protocol numbers. It is generally a high-standard, hard-to-find property as it is surrounded by sea, in a virgin area (as seen in the photos) and has a Southern orientation. Each house can be made according to the wishes of the prospective client and has an approximate value for sale at 4000 /m2 (200m2 house at 800,000 )
This plot is in the area of ??Kalo Nero (about 7km from the city Makry Gialos), off-plan, on a rare beachfront plot, overlooking Koufonissi. Its total surface is 57.000m2. This property has all the necessary approvals: a) Approval of forest and archeology offices b) The seashore line has officially been set and published in the Government Gazette c) The beach zone concession has been made d) Partitions have been made, above the beach area, on 9 plots, the surface of which range from 4300m2 to 8000m2. e) 200-280m2 residential architectural plans have been made, 9 licenses of which, have been submitted to the Planning Office, and have received the respective protocol numbers. It is generally a high-standard, hard-to-find property as it is surrounded by sea, in a virgin area (as seen in the photos) and has a Southern orientation. Each house can be made according to the wishes of the prospective client and has an approximate value for sale at 4000 /m2 (200m2 house at 800,000 )
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Currency Exchange
Makrys Gialos, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
Makrys Gialos, 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 €1,500,000 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 |
|---|---|---|---|
| €1,500,000 | £1,276,035 | £1,314,810 | £38,775 |
| Property Price € | €1,500,000 |
| Minimum cost in the last six months | £1,276,035 |
| Maximum cost in the last six months | £1,314,810 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £38,775 |
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 £38,775 more.
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