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Building land (5947 m2) in elite location next to luxury hotel, near beach and golf course
Agios Nikolaos, Greece
REF: 342533
€1,200,000
Description
This plot of building land is located right next to the luxury hotel "Elounda Mare" in the well established elite tourist region of Elounda. It is only 130 meters away from the sea and from a nice small sheltered beach with a beach bar. This is an ideal plot of land to build one or more prestigious luxury villas up to a total of 239 m2 in size (plus basements), either for your own permanent or holiday use or to rent it/them out to wealthy vacationers, as the property is in short distance to several high-class hotels and their facilities including the 9-hole golf course of Elounda. All requirements to obtain a building licence are available. The plot offers sea views, has excelent road access and services like electricity, water and phone lines with high speed internet are present. About 2 minutes drive to the village of Elounda. A 10 minutes drive to the province capital Agios Nikolaos. A 50 minutes drive to the international airport of Heraklion. Elounda Elounta was a small fishing town on the Mirabello Bay, on the island of Crete. Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda. It is part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels. Elounda is also the closest major town to the former leper colony of Spinalonga. The town is a 10 minute drive to Agios Nikolaos and the village of Plaka (Lasithi).
This plot of building land is located right next to the luxury hotel "Elounda Mare" in the well established elite tourist region of Elounda. It is only 130 meters away from the sea and from a nice small sheltered beach with a beach bar. This is an ideal plot of land to build one or more prestigious luxury villas up to a total of 239 m2 in size (plus basements), either for your own permanent or holiday use or to rent it/them out to wealthy vacationers, as the property is in short distance to several high-class hotels and their facilities including the 9-hole golf course of Elounda. All requirements to obtain a building licence are available. The plot offers sea views, has excelent road access and services like electricity, water and phone lines with high speed internet are present. About 2 minutes drive to the village of Elounda. A 10 minutes drive to the province capital Agios Nikolaos. A 50 minutes drive to the international airport of Heraklion. Elounda Elounta was a small fishing town on the Mirabello Bay, on the island of Crete. Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda. It is part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels. Elounda is also the closest major town to the former leper colony of Spinalonga. The town is a 10 minute drive to Agios Nikolaos and the village of Plaka (Lasithi).
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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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £988,680 | £1,031,340 | £42,660 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £988,680 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,660 |
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 €1,200,000 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 |
|---|---|---|---|
| €1,200,000 | £988,680 | £1,031,340 | £42,660 |
| Property Price € | €1,200,000 |
| Minimum cost in the last six months | £988,680 |
| Maximum cost in the last six months | £1,031,340 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £42,660 |
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 £42,660 more.
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