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Seafront plot with building license, Milatos, Crete
Agios Nikolaos, Greece
REF: 980175
€160,000
Description
Building plot 256 m2, nicely positioned at the first line on the sea, inside the boundaries of the coastal village of Milatos Beach, enjoying uninterrupted views of the sea right in front of it. It has the planning permission (allowance) for a house or houses of up to 220 m2, built on one or two floors, plus basement, swimming pool(s), etc. It already has a building license for a two-storey residence of 103.66 m2 with a pool. Due to the building capacity of 220 m2, is allowed to build another 116.34 m2 in addition to 103.66 m2. The plot has road access and all services (electricity, water supply, telephone & broadband internet) are available right next door. The nearest beach is right in front of the plot and the center of the village is about 450m away. The international airport of Heraklion is about a 40-minute drive away. Milatos belongs to the municipality of Agios Nikolaos and is located a few km east of Sissi and Malia, approximately 30 km west of the town of Agios Nikolaos and 45 km east of the city of Heraklion. Milatos Beach is a by-the-sea development with many very good fish taverns, a fishing port and a nice small sandy beach in it. There are other (pebble) beaches nearby.
Building plot 256 m2, nicely positioned at the first line on the sea, inside the boundaries of the coastal village of Milatos Beach, enjoying uninterrupted views of the sea right in front of it. It has the planning permission (allowance) for a house or houses of up to 220 m2, built on one or two floors, plus basement, swimming pool(s), etc. It already has a building license for a two-storey residence of 103.66 m2 with a pool. Due to the building capacity of 220 m2, is allowed to build another 116.34 m2 in addition to 103.66 m2. The plot has road access and all services (electricity, water supply, telephone & broadband internet) are available right next door. The nearest beach is right in front of the plot and the center of the village is about 450m away. The international airport of Heraklion is about a 40-minute drive away. Milatos belongs to the municipality of Agios Nikolaos and is located a few km east of Sissi and Malia, approximately 30 km west of the town of Agios Nikolaos and 45 km east of the city of Heraklion. Milatos Beach is a by-the-sea development with many very good fish taverns, a fishing port and a nice small sandy beach in it. There are other (pebble) beaches nearby.
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Currency Exchange
Agios Nikolaos, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £138,894 | £7,070 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £138,894 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,070 |
Agios Nikolaos, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £138,894 | £7,070 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £138,894 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,070 |
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 £7,070 more.
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