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Large renovation House in the old town
Rethymno, Crete , Greece
REF: 782419
€490,000
Description
A large and impressive250m2stone house, set on 3 levels, with a shop and a courtyard, dating from the Venetian period, in the heart of the old town of Rethymnon. The ground floor is comprised of a 60 m2room which used to be a shop, a 40 m2 storage room, a courtyard and an exterior stone staircase that leads to a large veranda. The 94 m2 first floor consists of 4 spacious rooms. All the rooms have doors that give direct access to the veranda. An interior wooden staircase leads to the 52 m2 second floor. From there, you have an access to a terrace with beautiful views over the old town and the Venetian Fortezza. The property has great potential to be turned into a beautiful house, and can be used either as a home or as an investment. It is located in a small paved street, directly in the heart of the old town, and gives the opportunity to enjoy the beautiful city of Rethymnon. At a walking distance, you can reach the long sandy beach, the Venetian Fortezza, the old harbour, the Rimondi Fountain, the Folklore Museum, and more.
A large and impressive250m2stone house, set on 3 levels, with a shop and a courtyard, dating from the Venetian period, in the heart of the old town of Rethymnon. The ground floor is comprised of a 60 m2room which used to be a shop, a 40 m2 storage room, a courtyard and an exterior stone staircase that leads to a large veranda. The 94 m2 first floor consists of 4 spacious rooms. All the rooms have doors that give direct access to the veranda. An interior wooden staircase leads to the 52 m2 second floor. From there, you have an access to a terrace with beautiful views over the old town and the Venetian Fortezza. The property has great potential to be turned into a beautiful house, and can be used either as a home or as an investment. It is located in a small paved street, directly in the heart of the old town, and gives the opportunity to enjoy the beautiful city of Rethymnon. At a walking distance, you can reach the long sandy beach, the Venetian Fortezza, the old harbour, the Rimondi Fountain, the Folklore Museum, and more.
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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 €490,000 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 |
|---|---|---|---|
| €490,000 | £416,838 | £429,505 | £12,667 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,667 |
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 €490,000 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 |
|---|---|---|---|
| €490,000 | £416,838 | £429,505 | £12,667 |
| Property Price € | €490,000 |
| Minimum cost in the last six months | £416,838 |
| Maximum cost in the last six months | £429,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,667 |
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 £12,667 more.
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