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Unfinished building of 4 apartments in South Crete
Ierapetra, Greece
REF: 643654
€140,000
Description
This is a property consisting of 4 unfinished apartments in the village of Kato chorio, Ierapetra Lasithi, Crete. The property is set in the top part of the village and enjoys lovely views of the Ierapetra valey and the surrounding mountains. It consists of a building of 240sqm on a plot of land of 500square meters. The footprint of the building (the ground floor) is 120 square meters leaving a garden of around 300 square meters at the back of the building. A pool and BBQ area could a;lso be made in this free space. The building is two floors high. Each floor is 120 square meters and comprises of two apartments. Each apartment offers an open plan living room/kitchen, two double bedrooms and a bathroom plus balconies to the front and the back. There are two separate staircases giving access to the top floor aparments (no shared entrance). Within a short walk to the center of the village where you can find a few nice tavers and a couple of small shops. The town of Ierapetra and the south coast of Crete are only a 10 minute drive from Pano Chorio.
This is a property consisting of 4 unfinished apartments in the village of Kato chorio, Ierapetra Lasithi, Crete. The property is set in the top part of the village and enjoys lovely views of the Ierapetra valey and the surrounding mountains. It consists of a building of 240sqm on a plot of land of 500square meters. The footprint of the building (the ground floor) is 120 square meters leaving a garden of around 300 square meters at the back of the building. A pool and BBQ area could a;lso be made in this free space. The building is two floors high. Each floor is 120 square meters and comprises of two apartments. Each apartment offers an open plan living room/kitchen, two double bedrooms and a bathroom plus balconies to the front and the back. There are two separate staircases giving access to the top floor aparments (no shared entrance). Within a short walk to the center of the village where you can find a few nice tavers and a couple of small shops. The town of Ierapetra and the south coast of Crete are only a 10 minute drive from Pano Chorio.
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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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
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 £4,360 more.
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