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A beautifully renovated stone house in a quiet village between Bali and Panormos, in a peaceful neighbourhood and less than 2 km from the sea
Rethymno (regional unit), Crete, Greece
REF: 800520
€118,000
Description
A beautifully renovated stone house in a quiet village between Bali and Panormos, in a peaceful neighbourhood and less than 2 km from the sea. Wonderful views of the natural landscape and the mountain of Psiloritis are provided from the first-floor terrace. Spread over two floors, this authentic Greek home offers options to relax and entertain. It consists of a traditional living-dining room with a wood burner, three bedrooms and one bathroom. The ground floor consists of the main reception area, which connects to the fully-equipped kitchen, with the first bedroom in the back. A staircase leads to the upper level where the spacious main sleeping area is situated. Windows in this area provide natural light while there is ample space for three beds. Indeed, this space functions as two separate bedrooms, divided by a folding screen. From this floor, we can go to the inviting terrace, which offers beautiful mountain views. The decor is simple but charming. The furnishings have been chosen to create a coherent feel throughout. The floors, made of local stone, harmonise with the white-washed walls and the wooden ceilings. Furthermore, this home offers tranquil outdoor spaces and a fenced-in courtyard. Other features include air conditioning, traditional wooden windows and shutters, mosquito screens and built-in furniture. Outside, in front of the house, there is a small storage room and parking space for one car. A lovingly crafted home, created to make the most of the long Greek summers. For you and your family to enjoy simply being together. Key distances Nearest beach: 2 km Panormos: 3 km Bali: 9 km Rethymno: 25 km Heraklion Airport: 58 km Port of Heraklion: 56 km
A beautifully renovated stone house in a quiet village between Bali and Panormos, in a peaceful neighbourhood and less than 2 km from the sea. Wonderful views of the natural landscape and the mountain of Psiloritis are provided from the first-floor terrace. Spread over two floors, this authentic Greek home offers options to relax and entertain. It consists of a traditional living-dining room with a wood burner, three bedrooms and one bathroom. The ground floor consists of the main reception area, which connects to the fully-equipped kitchen, with the first bedroom in the back. A staircase leads to the upper level where the spacious main sleeping area is situated. Windows in this area provide natural light while there is ample space for three beds. Indeed, this space functions as two separate bedrooms, divided by a folding screen. From this floor, we can go to the inviting terrace, which offers beautiful mountain views. The decor is simple but charming. The furnishings have been chosen to create a coherent feel throughout. The floors, made of local stone, harmonise with the white-washed walls and the wooden ceilings. Furthermore, this home offers tranquil outdoor spaces and a fenced-in courtyard. Other features include air conditioning, traditional wooden windows and shutters, mosquito screens and built-in furniture. Outside, in front of the house, there is a small storage room and parking space for one car. A lovingly crafted home, created to make the most of the long Greek summers. For you and your family to enjoy simply being together. Key distances Nearest beach: 2 km Panormos: 3 km Bali: 9 km Rethymno: 25 km Heraklion Airport: 58 km Port of Heraklion: 56 km
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Currency Exchange
Rethymno (regional unit), 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 €118,000 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 |
|---|---|---|---|
| €118,000 | £100,381 | £103,301 | £2,919 |
| Property Price € | €118,000 |
| Minimum cost in the last six months | £100,381 |
| Maximum cost in the last six months | £103,301 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,919 |
Rethymno (regional unit), 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 €118,000 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 |
|---|---|---|---|
| €118,000 | £100,381 | £103,301 | £2,919 |
| Property Price € | €118,000 |
| Minimum cost in the last six months | £100,381 |
| Maximum cost in the last six months | £103,301 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,919 |
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 £2,919 more.
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