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Detached unfinished house/skeleton with amazing sea views in lovely resort
Ierapetra, Greece
REF: 606787
€250,000
Description
This is a 300 square meters property inside the wonderful south coast resort of Makrigialos, Ierapetra, Lasithi, Crete. It is within walking distance to the beach (250 meters) and to the shops, taverns and restaurants of Makrigialos. The 3 storey building comprises a lower floor of 121.36m2, a middle floor of 102,20m2 and the top floor of 82,16m2 Originally designed to be a large 4 bedroom house with a large basement with garage, it can also be made into two or three separate apartments if someone wishes to. The property enjoys marvellous sea views from all floors and from the land level. It has good road access and has immediate access to power, water and phone lines. The plot of 986m2 is well shaped and it would be easy to make a pool and a BBQ area/terrace on the remaining ground if desired. Only a 20 minute drive to the large town of Ierapetra where there is a hospital and a larger shopping center.
This is a 300 square meters property inside the wonderful south coast resort of Makrigialos, Ierapetra, Lasithi, Crete. It is within walking distance to the beach (250 meters) and to the shops, taverns and restaurants of Makrigialos. The 3 storey building comprises a lower floor of 121.36m2, a middle floor of 102,20m2 and the top floor of 82,16m2 Originally designed to be a large 4 bedroom house with a large basement with garage, it can also be made into two or three separate apartments if someone wishes to. The property enjoys marvellous sea views from all floors and from the land level. It has good road access and has immediate access to power, water and phone lines. The plot of 986m2 is well shaped and it would be easy to make a pool and a BBQ area/terrace on the remaining ground if desired. Only a 20 minute drive to the large town of Ierapetra where there is a hospital and a larger shopping center.
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Currency Exchange
Ierapetra, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,965 | £7,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,965 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,888 |
Ierapetra, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £207,078 | £214,965 | £7,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £207,078 |
| Maximum cost in the last six months | £214,965 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,888 |
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 £7,888 more.
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