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The key feature of this small apartment complex is its location: directly on the beautiful pebble beach of Potokaki, 2 km from Pythagorio and 10 minutes from the airport
Pythagoreio, Aegean Islands, Greece
REF: 646319
€420,000
Description
The key feature of this small apartment complex is its location: directly on the beautiful pebble beach of Potokaki, 2 km from Pythagorio and 10 minutes from the airport. The complex consists of 4 duplex apartments of 50 sq.m each, with living room, kitchen, bedroom and bathroom. In addition, there are 2 spacious studios. Furthermore, there is a spacious reception room, lots of storage space, a patio and an old stone building on the seaside that can also be used. The complex owes its charm to the layout, which is completely oriented towards the beach, with passages both to the sea and to the street side. Each apartment retains its independence, but in the design attention has been paid to ensure that the building would be suitable for multiple functions without major alterations: for example, as a small-scale hotel, but also as a luxury private home on the beach, as a shop or for any other commercial use. The building was built in 1990 taking into account the local architecture and using high quality materials: the walls are built of traditional bricks, there is double glazing, the floors are covered with Dionysos marble from Athens. There are central heating facilities in the floors and walls, there is air conditioning, solar boilers and a water tank of 30 cubic meters. The total built area is no less than 414 sq.m on a plot of 243 sq.m. The distance to the sea is 15 meters! The complex has a valid hotel permit.
The key feature of this small apartment complex is its location: directly on the beautiful pebble beach of Potokaki, 2 km from Pythagorio and 10 minutes from the airport. The complex consists of 4 duplex apartments of 50 sq.m each, with living room, kitchen, bedroom and bathroom. In addition, there are 2 spacious studios. Furthermore, there is a spacious reception room, lots of storage space, a patio and an old stone building on the seaside that can also be used. The complex owes its charm to the layout, which is completely oriented towards the beach, with passages both to the sea and to the street side. Each apartment retains its independence, but in the design attention has been paid to ensure that the building would be suitable for multiple functions without major alterations: for example, as a small-scale hotel, but also as a luxury private home on the beach, as a shop or for any other commercial use. The building was built in 1990 taking into account the local architecture and using high quality materials: the walls are built of traditional bricks, there is double glazing, the floors are covered with Dionysos marble from Athens. There are central heating facilities in the floors and walls, there is air conditioning, solar boilers and a water tank of 30 cubic meters. The total built area is no less than 414 sq.m on a plot of 243 sq.m. The distance to the sea is 15 meters! The complex has a valid hotel permit.
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Currency Exchange
Pythagoreio, Aegean Islands, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £347,890 | £360,969 | £13,079 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £347,890 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,079 |
Pythagoreio, Aegean Islands, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £347,890 | £360,969 | £13,079 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £347,890 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,079 |
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 £13,079 more.
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