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This plot, of 211 sqm, offers a rare opportunity for the purchase of land in Plakias, Southern Crete
Plakias, Crete, Greece
REF: 646385
€79,000
Description
This plot, of 211 sqm, offers a rare opportunity for the purchase of land in Plakias, Southern Crete. Finding good land to build on in this region is becoming more and more scarce. This plot is located within walking distance from the sea and the village of Plakias. The east side of the plot has a view of Plakias, and from a possible roof terrace, there could also be a sea view. The villa (design ready) There is a current design with a building permit in place for a 3-level villa of 150 sqm with 3 bedrooms, 3 bathrooms, a basement that can be turned into a hobby room/kitchen/dining, and a swimming pool, as shown in the 3D renders. Of course, this design can be adjusted, which will then require a revision of the permit. If you wish to build something completely different that is also not a problem. The price is for the land only, including the current design and building permit. Location Once a small fishing village, Plakias combines coziness with authenticity offering the amenities of a developed village, such as local supermarkets, taverns, pharmacies, etc. It s typically Cretan offering famous warm hospitality and excellent food and drink. Both international airports can be reached in 1.5 hours from Plakias. In the north of the province, you will find Rethymnon; a beautiful port town situated exactly between the two airports of Heraklion and Chania. The closest hospital is also located in Rethymnon (33km). Billions of euros are being poured into infrastructure on the island of Crete by the Greek government, upgrading its road and energy networks, while approval has also been given for the construction of a new international airport at Kasteli in what will be Greece s second-largest. Rental Renting a villa like the one that can be built here, on Greece s largest and most accessible island, can offer high returns and is a popular choice among many owners. You can benefit from sophisticated and professional management of the home without having to worry about it yourself. From start to finish, the rental of the home is handled with a proactive approach. Owners are fully informed of management decisions and options every step of the way, allowing them to maximize the value of their investment hassle-free. The villa can pay for itself allowing owners to then enjoy the ultimate holiday destination year-round when they choose to and for as long as they like.
This plot, of 211 sqm, offers a rare opportunity for the purchase of land in Plakias, Southern Crete. Finding good land to build on in this region is becoming more and more scarce. This plot is located within walking distance from the sea and the village of Plakias. The east side of the plot has a view of Plakias, and from a possible roof terrace, there could also be a sea view. The villa (design ready) There is a current design with a building permit in place for a 3-level villa of 150 sqm with 3 bedrooms, 3 bathrooms, a basement that can be turned into a hobby room/kitchen/dining, and a swimming pool, as shown in the 3D renders. Of course, this design can be adjusted, which will then require a revision of the permit. If you wish to build something completely different that is also not a problem. The price is for the land only, including the current design and building permit. Location Once a small fishing village, Plakias combines coziness with authenticity offering the amenities of a developed village, such as local supermarkets, taverns, pharmacies, etc. It s typically Cretan offering famous warm hospitality and excellent food and drink. Both international airports can be reached in 1.5 hours from Plakias. In the north of the province, you will find Rethymnon; a beautiful port town situated exactly between the two airports of Heraklion and Chania. The closest hospital is also located in Rethymnon (33km). Billions of euros are being poured into infrastructure on the island of Crete by the Greek government, upgrading its road and energy networks, while approval has also been given for the construction of a new international airport at Kasteli in what will be Greece s second-largest. Rental Renting a villa like the one that can be built here, on Greece s largest and most accessible island, can offer high returns and is a popular choice among many owners. You can benefit from sophisticated and professional management of the home without having to worry about it yourself. From start to finish, the rental of the home is handled with a proactive approach. Owners are fully informed of management decisions and options every step of the way, allowing them to maximize the value of their investment hassle-free. The villa can pay for itself allowing owners to then enjoy the ultimate holiday destination year-round when they choose to and for as long as they like.
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Currency Exchange
Plakias, Crete, 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 €79,000 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 |
|---|---|---|---|
| €79,000 | £65,088 | £67,897 | £2,808 |
| Property Price € | €79,000 |
| Minimum cost in the last six months | £65,088 |
| Maximum cost in the last six months | £67,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,808 |
Plakias, Crete, 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 €79,000 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 |
|---|---|---|---|
| €79,000 | £65,088 | £67,897 | £2,808 |
| Property Price € | €79,000 |
| Minimum cost in the last six months | £65,088 |
| Maximum cost in the last six months | £67,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £2,808 |
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 £2,808 more.
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