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Unique renovation property in Monastiraki
Sivritos, Crete , Greece
REF: 782414
€125,000
Description
An old traditional mansion, which was built during the Venetian period, in the main square of the picturesque village of Monastiraki, with beautiful views over the mountains. The house has a total area of 310m2, and consists of two buildings, separated by a courtyard and a stone wall with a gate from the Venetian era. The main building is laid over two levels. The 186 m2 ground floor, which is comprised of 2 rooms and 2 big verandas. is connected to the second floor with an exterior stone staircase. The second building, which is smaller, was built afterward, approximately 150 years ago and is mostly demolished. It is one of the oldest houses in the village, with a strong history. It has a great potential for renovation and to become a very beautiful and special property. The village of Monastiraki is the archaeological site of an ancient Minoan town. It is located on a strategically important site, dominating the Amari Valley which connects the south coast of Crete to the north coast. It is an ideal place for nature lovers.
An old traditional mansion, which was built during the Venetian period, in the main square of the picturesque village of Monastiraki, with beautiful views over the mountains. The house has a total area of 310m2, and consists of two buildings, separated by a courtyard and a stone wall with a gate from the Venetian era. The main building is laid over two levels. The 186 m2 ground floor, which is comprised of 2 rooms and 2 big verandas. is connected to the second floor with an exterior stone staircase. The second building, which is smaller, was built afterward, approximately 150 years ago and is mostly demolished. It is one of the oldest houses in the village, with a strong history. It has a great potential for renovation and to become a very beautiful and special property. The village of Monastiraki is the archaeological site of an ancient Minoan town. It is located on a strategically important site, dominating the Amari Valley which connects the south coast of Crete to the north coast. It is an ideal place for nature lovers.
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Currency Exchange
Sivritos, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,568 | £3,231 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,568 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,231 |
Sivritos, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,568 | £3,231 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,568 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,231 |
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 £3,231 more.
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