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Large villa in the exclusive area of Elounda
Agios Nikolaos, Greece
REF: 342479
€700,000
Description
Large villa in the exclusive area of Elounda. This property is built on a plot of 911sq meters on a slightly sloping area next to the main road to Elounda. The property is fenced and has access to the main road through two remote controlled gates. Entering the plot there is one parking space on the right hand side and small road on the left that leads to a garage and a few other parking spaces in front of the main house. The main house is on two levels. The ground floor comprises a guest bathroom and a very spacious open plan living room/kitchen/dining room with access to a huge balcony that is used as an extra living room/dining room during the long Cretan summers. The view from this balcony is truly panoramic including the whole of the Elounda gulf. On the first floor there are two double bedrooms both with their own private balconies. The bedrooms have wooden floors and good sized wardrobes. The main bathroom is also on this floor. Under the main house there is a 110sq meter apartment (ground floor due to the natural inclination of the terrain) consisting of two bedrooms, an open plan living room/kitchen, a study and a bathroom. In front of this apartment is a built BBQ/wood oven and a vegetable garden. Opposite the main house (next to the garage) is a 45sq meter studio apartment complete with its own kitchen and bathroom. This relatively new property (built 2002) is in very good condition and is in an area that has been booming the last ten years and seems untouched by the international financial crisis. Elounda is an old fishing village that has become a favorite holiday destination for thousands of tourists in the recent years. Elounda possesses unique natural beauty and very dry weather and is surrounded by the beautiful isles of Kolokytha to the south and Spinalonga to the north. The international airport of Heraklion is an hours drive from Elounda.
Large villa in the exclusive area of Elounda. This property is built on a plot of 911sq meters on a slightly sloping area next to the main road to Elounda. The property is fenced and has access to the main road through two remote controlled gates. Entering the plot there is one parking space on the right hand side and small road on the left that leads to a garage and a few other parking spaces in front of the main house. The main house is on two levels. The ground floor comprises a guest bathroom and a very spacious open plan living room/kitchen/dining room with access to a huge balcony that is used as an extra living room/dining room during the long Cretan summers. The view from this balcony is truly panoramic including the whole of the Elounda gulf. On the first floor there are two double bedrooms both with their own private balconies. The bedrooms have wooden floors and good sized wardrobes. The main bathroom is also on this floor. Under the main house there is a 110sq meter apartment (ground floor due to the natural inclination of the terrain) consisting of two bedrooms, an open plan living room/kitchen, a study and a bathroom. In front of this apartment is a built BBQ/wood oven and a vegetable garden. Opposite the main house (next to the garage) is a 45sq meter studio apartment complete with its own kitchen and bathroom. This relatively new property (built 2002) is in very good condition and is in an area that has been booming the last ten years and seems untouched by the international financial crisis. Elounda is an old fishing village that has become a favorite holiday destination for thousands of tourists in the recent years. Elounda possesses unique natural beauty and very dry weather and is surrounded by the beautiful isles of Kolokytha to the south and Spinalonga to the north. The international airport of Heraklion is an hours drive from Elounda.
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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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £601,615 | £24,885 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,885 |
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 €700,000 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 |
|---|---|---|---|
| €700,000 | £576,730 | £601,615 | £24,885 |
| Property Price € | €700,000 |
| Minimum cost in the last six months | £576,730 |
| Maximum cost in the last six months | £601,615 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,885 |
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 £24,885 more.
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