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Large seafront building plot in quiet rural area
Agios Nikolaos, Greece
REF: 342403
€990,000
Description
Large building plot of 59,677 m2, nicely positioned first line on the sea, in the quiet rural area north of the village of Kounali and east of Milatos and Sissi, in the Municipality of Agios Nikolaos, Crete. It has the planning permission (allowance) for individual houses / villas of up to 360 m2, built on one or two floors, plus basement, plus attic. Plenty of space would be left for swimming pool(s), open and covered verandas and terraces, garden areas, parking spaces, tennis court and many more outdoor facilities. It is possible to get a tourist development license for this land, in which case a hotel or tourist apartments of up to 10,742 m2 can be built on it. The land has a shoreline of about 200 meters. Only about a 20-minute drive to the village of Milatos. Milatos is a very picturesque village in north east Crete with a mountain range as a backdrop and the blue sea spread out in front. With fish restaurants, tavernas and other small shops it s a low key tourist area and a favourite week-end get away for Heraklion city dwellers. In the seaside part of Milatos there is a fishing port and a nice small sandy beach. There are other (pebble) beaches nearby. The town of Neapolis, which offer plenty of shops and amenities, is about 30 minutes away. Only about a 50-minute drive to the international airport of Heraklion.
Large building plot of 59,677 m2, nicely positioned first line on the sea, in the quiet rural area north of the village of Kounali and east of Milatos and Sissi, in the Municipality of Agios Nikolaos, Crete. It has the planning permission (allowance) for individual houses / villas of up to 360 m2, built on one or two floors, plus basement, plus attic. Plenty of space would be left for swimming pool(s), open and covered verandas and terraces, garden areas, parking spaces, tennis court and many more outdoor facilities. It is possible to get a tourist development license for this land, in which case a hotel or tourist apartments of up to 10,742 m2 can be built on it. The land has a shoreline of about 200 meters. Only about a 20-minute drive to the village of Milatos. Milatos is a very picturesque village in north east Crete with a mountain range as a backdrop and the blue sea spread out in front. With fish restaurants, tavernas and other small shops it s a low key tourist area and a favourite week-end get away for Heraklion city dwellers. In the seaside part of Milatos there is a fishing port and a nice small sandy beach. There are other (pebble) beaches nearby. The town of Neapolis, which offer plenty of shops and amenities, is about 30 minutes away. Only about a 50-minute drive to the international airport of Heraklion.
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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 €990,000 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 |
|---|---|---|---|
| €990,000 | £820,027 | £850,856 | £30,829 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £820,027 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,829 |
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 €990,000 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 |
|---|---|---|---|
| €990,000 | £820,027 | £850,856 | £30,829 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £820,027 |
| Maximum cost in the last six months | £850,856 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,829 |
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 £30,829 more.
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