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Ruins for renovation in Valsamonero
Nikiforos Fokas , Crete , Greece
REF: 782418
€50,000
Description
A property with great potential for renovation, in a traditional village, approximately 13 km from the center of Rethymnon. The 314,20 m2 plot includes the remains of a building which is separated in two parts. On the side of the road, there is a two-storey house with a tiled roof. Each floor has an area of 43,28 m2. On the other side, you can find a ruined roofless building. The building has kept a lot of features from the old times, like arched doors and windows, an old stone oven and more. The property is located in the village of Valsamonero, a small traditional village, approximately 14 km from the town of Rethymnon and 6,5 km from the sea.
A property with great potential for renovation, in a traditional village, approximately 13 km from the center of Rethymnon. The 314,20 m2 plot includes the remains of a building which is separated in two parts. On the side of the road, there is a two-storey house with a tiled roof. Each floor has an area of 43,28 m2. On the other side, you can find a ruined roofless building. The building has kept a lot of features from the old times, like arched doors and windows, an old stone oven and more. The property is located in the village of Valsamonero, a small traditional village, approximately 14 km from the town of Rethymnon and 6,5 km from the sea.
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Currency Exchange
Nikiforos Fokas , 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 €50,000 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 |
|---|---|---|---|
| €50,000 | £42,535 | £43,827 | £1,293 |
| Property Price € | €50,000 |
| Minimum cost in the last six months | £42,535 |
| Maximum cost in the last six months | £43,827 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,293 |
Nikiforos Fokas , 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 €50,000 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 |
|---|---|---|---|
| €50,000 | £42,535 | £43,827 | £1,293 |
| Property Price € | €50,000 |
| Minimum cost in the last six months | £42,535 |
| Maximum cost in the last six months | £43,827 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,293 |
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 £1,293 more.
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