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Large detached house in Missiria ,Rethymno!
Rethymno, Crete , Greece
REF: 782403
€600,000
Description
The house is set on 2 levels and is comprised of 3 separate apartments. On the 150m2 ground floor, there are 2 independent apartments. Both of the apartments have large kitchens with a dining area, a living room and 1 bathroom. One apartment has 2 bedrooms and the other 1 bedroom. There is a patio in front of each apartment respectively. The apartment which is on the 130 m2 first floor consists of a kitchen with a dining area, a living room, 3 bedrooms and 1 bathroom. It has a large terrace. The location is so close to the beach, shops and the center of Rethymnon it makes an ideal place to invest in a holiday home for both year-round residence or in touristic exploitation. The plot has an extra building allowance of 420 m2 which gives an additional value to the property. Missiria is a suburb of Rethymno located just 3 km east of the city. It was once a separate settlement which together with residential development has been integrated into the urban plan of Rethymno. In front of Missiria is a long sandy beach, an extension of the city beach that begins west of the port and stretches east to the bend of Skaleta
The house is set on 2 levels and is comprised of 3 separate apartments. On the 150m2 ground floor, there are 2 independent apartments. Both of the apartments have large kitchens with a dining area, a living room and 1 bathroom. One apartment has 2 bedrooms and the other 1 bedroom. There is a patio in front of each apartment respectively. The apartment which is on the 130 m2 first floor consists of a kitchen with a dining area, a living room, 3 bedrooms and 1 bathroom. It has a large terrace. The location is so close to the beach, shops and the center of Rethymnon it makes an ideal place to invest in a holiday home for both year-round residence or in touristic exploitation. The plot has an extra building allowance of 420 m2 which gives an additional value to the property. Missiria is a suburb of Rethymno located just 3 km east of the city. It was once a separate settlement which together with residential development has been integrated into the urban plan of Rethymno. In front of Missiria is a long sandy beach, an extension of the city beach that begins west of the port and stretches east to the bend of Skaleta
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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 €600,000 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 |
|---|---|---|---|
| €600,000 | £510,414 | £525,924 | £15,510 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £510,414 |
| Maximum cost in the last six months | £525,924 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,510 |
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 €600,000 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 |
|---|---|---|---|
| €600,000 | £510,414 | £525,924 | £15,510 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £510,414 |
| Maximum cost in the last six months | £525,924 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,510 |
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 £15,510 more.
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