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Land next to the beach for investment
Loutraki, Akrotiri, Chania, Greece
REF: 600200
€1,000,000
Description
This plot of land for sale in Akrotiri Chania Crete is located in the area of Loutraki, on the top of a hill, overlooking the beach. It has got a total surface of 11,872 sqms and it builds 284sqms plus a basement for a villa or 2200sqms for a commercial development. It is set in a quiet location, just five mins outside the coastal village of Marathi. The plot offers stunning views over Loutraki Gulf and across to White Mountains. The well known sandy beaches of Marathi and Loutraki with tavernas and kafeneon are a short drive away, the airport is 11kms away. The utilities of electricity and water are not far. Sternes is the closest traditional village with shops, tavernas, kafeneon and mini-markets. Additional shopping and general amenities are available in Kounoupidiana, just ten minutes away by car. The city of Chania is about 20mins drive, making this plot of land plot for sale in Akrotiri Chania Crete ideal for investment.
This plot of land for sale in Akrotiri Chania Crete is located in the area of Loutraki, on the top of a hill, overlooking the beach. It has got a total surface of 11,872 sqms and it builds 284sqms plus a basement for a villa or 2200sqms for a commercial development. It is set in a quiet location, just five mins outside the coastal village of Marathi. The plot offers stunning views over Loutraki Gulf and across to White Mountains. The well known sandy beaches of Marathi and Loutraki with tavernas and kafeneon are a short drive away, the airport is 11kms away. The utilities of electricity and water are not far. Sternes is the closest traditional village with shops, tavernas, kafeneon and mini-markets. Additional shopping and general amenities are available in Kounoupidiana, just ten minutes away by car. The city of Chania is about 20mins drive, making this plot of land plot for sale in Akrotiri Chania Crete ideal for investment.
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Currency Exchange
Loutraki, Akrotiri, Chania, 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 €1,000,000 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 |
|---|---|---|---|
| €1,000,000 | £832,730 | £862,560 | £29,830 |
| Property Price € | €1,000,000 |
| Minimum cost in the last six months | £832,730 |
| Maximum cost in the last six months | £862,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,830 |
Loutraki, Akrotiri, Chania, 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 €1,000,000 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 |
|---|---|---|---|
| €1,000,000 | £832,730 | £862,560 | £29,830 |
| Property Price € | €1,000,000 |
| Minimum cost in the last six months | £832,730 |
| Maximum cost in the last six months | £862,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £29,830 |
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 £29,830 more.
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