Large seaview building plot near Sitia

Sitia, Greece

For Sale

€290,000

£247,143
REF: 960910 €290,000

16002 m2

16002 m2

Description

Large rural building plot, 16,002 m2 in size, with many olive trees, nicely positioned above the beach of Agii Pantes, west of the town of Sitia, North-East Crete. From its elevated position about 90m above sea level, the land enjoys wonderful unobstructed views of the sea, the countryside, the hills and the mountains.

It has the planning permission (allowance) for houses / villas of up to 360 m2, built on one or two floors, plus basement. Plenty of space would be left for swimming pool(s), open or covered terraces, pergolas, garden, parking space, etc. It is allowed to remove as many olive trees as desired and necessary for freeing up space for construction and landscaping.

It is also possible to apply for and get a tourist development license for this plot and build a hotel or holiday apartments of up to 3200 m2 (+ basement). The land has excellent asphalt road access. Electricity and water connections are nearby and easy to connect to. The pebble beach of Agii Pantes is only a 15-minute walk (3-minute drive) down the road.

The airport of Sitia is only about an 8-minute drive (6 km) from the land. The town center of Sitia, which offers all kinds of shops and amenities of a modern tourist town, is about a 10-minute drive away.
Large rural building plot, 16,002 m2 in size, with many olive trees, nicely positioned above the beach of Agii Pantes, west of the town of Sitia, North-East Crete. From its elevated position about 90m above sea level, the land enjoys wonderful unobstructed views of the sea, the countryside, the hills and the mountains.

It has the planning permission (allowance) for houses / villas of up to 360 m2, built on one or two floors, plus basement. Plenty of space would be left for swimming pool(s), open or covered terraces, pergolas, garden, parking space, etc. It is allowed to remove as many olive trees as desired and necessary for freeing up space for construction and landscaping.

It is also possible to apply for and get a tourist development license for this plot and build a hotel or holiday apartments of up to 3200 m2 (+ basement). The land has excellent asphalt road access. Electricity and water connections are nearby and easy to connect to. The pebble beach of Agii Pantes is only a 15-minute walk (3-minute drive) down the road.

The airport of Sitia is only about an 8-minute drive (6 km) from the land. The town center of Sitia, which offers all kinds of shops and amenities of a modern tourist town, is about a 10-minute drive away.
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Currency Exchange

Sitia, 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 €290,000 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
€290,000 £238,931 £251,746 £12,815
Property Price € €290,000
Minimum cost in the last six months £238,931
Maximum cost in the last six months £251,746
Fluctuating exchange rates over the last six months could have increased the cost of this property by £12,815

Sitia, 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 €290,000 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
€290,000 £238,931 £251,746 £12,815
Property Price € €290,000
Minimum cost in the last six months £238,931
Maximum cost in the last six months £251,746
Fluctuating exchange rates over the last six months could have increased the cost of this property by £12,815

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 £12,815 more.

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