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Building plot, 835 m2, Vrouchas, north of the Elounda Bay
Agios Nikolaos, Greece
REF: 342534
€50,000
Description
A plot of building land, 835 square meters in size, right at the entrance to the village of Vrouchas, located north of the Elounda Bay, offering views of the Cretan Sea (in northern direction). The plot has immediate access to the asphalt road that leads from Plaka to Vrouchas. Power and water services as well as phone lines with broadband internet are present. It is possible to build a house or houses of up to 400 sq. meters plus basement on it. There would be enough space left on the land for a swimming pool, terrace, garden, parking space. The luxury resort of Elounda is approx. 6km from the plot and the modern tourist town of Agios Nikolaos is 15km away. The international airport of Heraklion Nikos Kazantzakis is just over an hours drive away. 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). Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 50mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round. Although Agios Nikolaos has a population of less than 20,000 it has a several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a large modern European town. The microclimate is one of the best in Greece and the moderate temperatures rarely exceed 30c in summer or fall below 15c in wintertime. This wonderful dry climate together with the natural beauty of the area has attracted most of the high class hotels of Greece to operate here.
A plot of building land, 835 square meters in size, right at the entrance to the village of Vrouchas, located north of the Elounda Bay, offering views of the Cretan Sea (in northern direction). The plot has immediate access to the asphalt road that leads from Plaka to Vrouchas. Power and water services as well as phone lines with broadband internet are present. It is possible to build a house or houses of up to 400 sq. meters plus basement on it. There would be enough space left on the land for a swimming pool, terrace, garden, parking space. The luxury resort of Elounda is approx. 6km from the plot and the modern tourist town of Agios Nikolaos is 15km away. The international airport of Heraklion Nikos Kazantzakis is just over an hours drive away. 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). Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 50mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round. Although Agios Nikolaos has a population of less than 20,000 it has a several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a large modern European town. The microclimate is one of the best in Greece and the moderate temperatures rarely exceed 30c in summer or fall below 15c in wintertime. This wonderful dry climate together with the natural beauty of the area has attracted most of the high class hotels of Greece to operate here.
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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 €50,000 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 |
|---|---|---|---|
| €50,000 | £41,416 | £42,973 | £1,557 |
| Property Price € | €50,000 |
| Minimum cost in the last six months | £41,416 |
| Maximum cost in the last six months | £42,973 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,557 |
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 €50,000 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 |
|---|---|---|---|
| €50,000 | £41,416 | £42,973 | £1,557 |
| Property Price € | €50,000 |
| Minimum cost in the last six months | £41,416 |
| Maximum cost in the last six months | £42,973 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,557 |
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 £1,557 more.
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