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Renovation Property in a Traditional Village
Foinikas, Crete , Greece
REF: 782404
€85,000
Description
This renovation property is approximately 170 m2 and sits on a plot of land of approximately 400 m2, in the village of Koxare, in the Southern region of Rethymnon, Crete. The property offers great potential and can either be turned into a unique home, or a rental property. Pre-plans have been made to transform it into 3 apartments as it has an additional building allowance of 170 m2. It is situated in the centre of the village and offers both village and mountain views. The village of Koxare is located in the South of Crete near the Kourtaliotiko gorge, just 11km to the closest beach and a short drive from Plakias and Rethymno. General information Floor Area: 170m2 Property area: 400m2 Distance from the airport: 83km Distance from the town: 22km Distance from the sea: 12km
This renovation property is approximately 170 m2 and sits on a plot of land of approximately 400 m2, in the village of Koxare, in the Southern region of Rethymnon, Crete. The property offers great potential and can either be turned into a unique home, or a rental property. Pre-plans have been made to transform it into 3 apartments as it has an additional building allowance of 170 m2. It is situated in the centre of the village and offers both village and mountain views. The village of Koxare is located in the South of Crete near the Kourtaliotiko gorge, just 11km to the closest beach and a short drive from Plakias and Rethymno. General information Floor Area: 170m2 Property area: 400m2 Distance from the airport: 83km Distance from the town: 22km Distance from the sea: 12km
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Currency Exchange
Foinikas, 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 |
Foinikas, 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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