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Seafront building plot in Mochlos, Crete
Mochlos, Greece
REF: 617022
€500,000
Description
Seafront plot, 1990 m2 in size, located in the picturesque village of Mochlos, North-East Crete. The plot offers uninterrupted sea and mountain views as it is first line on the sea. It has the planning permission (allowance) for a large villa or villas of up to 400 m2, built on one or two floors, plus basement and attic. Enough space would be left to make pool(s), open & covered verandas and terraces, parking space, garden areas etc. It is possible to get am EOT tourist development license which allows the construction of a hotel or holiday apartments of up to 1095 m2 (+ basement) on this land. All services like electricity, water, phone and broadband internet lines are present. The plot has access to the village's coastal asphalt road at its front side as well as the road that passes behind it. Just a short walk to the center of the village and the beach. The town of Ierapetra in the south and the town of Sitia in the east with its international airport are about a 30-minute drive away. Both towns have all types of shops and amenities that you would expect to find in a modern European town. Mochlos is a picturesque fishing village set in a landscape of great natural beauty. It combines a tranquil, relaxing atmosphere with friendly local inhabitants and a range of tavernas and bars renowned throughout Crete. You can visit the small island of Mochlos with its archaeological site of an ancient Minoan settlement, swim in the crystal clear waters of the bay or just watch the unforgettable colours of the sunrise and sunset.
Seafront plot, 1990 m2 in size, located in the picturesque village of Mochlos, North-East Crete. The plot offers uninterrupted sea and mountain views as it is first line on the sea. It has the planning permission (allowance) for a large villa or villas of up to 400 m2, built on one or two floors, plus basement and attic. Enough space would be left to make pool(s), open & covered verandas and terraces, parking space, garden areas etc. It is possible to get am EOT tourist development license which allows the construction of a hotel or holiday apartments of up to 1095 m2 (+ basement) on this land. All services like electricity, water, phone and broadband internet lines are present. The plot has access to the village's coastal asphalt road at its front side as well as the road that passes behind it. Just a short walk to the center of the village and the beach. The town of Ierapetra in the south and the town of Sitia in the east with its international airport are about a 30-minute drive away. Both towns have all types of shops and amenities that you would expect to find in a modern European town. Mochlos is a picturesque fishing village set in a landscape of great natural beauty. It combines a tranquil, relaxing atmosphere with friendly local inhabitants and a range of tavernas and bars renowned throughout Crete. You can visit the small island of Mochlos with its archaeological site of an ancient Minoan settlement, swim in the crystal clear waters of the bay or just watch the unforgettable colours of the sunrise and sunset.
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Property on Map
Currency Exchange
Mochlos, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £411,950 | £429,725 | £17,775 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £411,950 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,775 |
Mochlos, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £411,950 | £429,725 | £17,775 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £411,950 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £17,775 |
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 £17,775 more.
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