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Nestled on the coast of the Libyan Sea between Makrigialos and Ierapetra, Villa Fotia offers stunning scenery and a relaxed lifestyle in the southernmost area of Crete
Agia Fotia (Ierapetra), Crete, Greece
REF: 646493
€525,000
Description
Nestled on the coast of the Libyan Sea between Makrigialos and Ierapetra, Villa Fotia offers stunning scenery and a relaxed lifestyle in the southernmost area of Crete. Villa Fotia sits on a plot of approx. 4063 sqm, covering no less than 138 sqm of living space, in total. It consists of two bedrooms, two bathrooms, a living and dining area, several storage spaces and a working/study room. There is also a 25 sqm guest house that features an infrared sauna and two additional storage spaces. This is a spacious home that can welcome with ease friends and family, who would never tire of watching the truly magnificent sea views from the several terraces. The villa comes partially furnished with an equipped kitchen. On the terrain, there are 100 olive trees and a vegetable garden. The property has easy access from a local paved road and available parking space. Other benefits include A/C units in every room, a wood stove, several electric heaters, a solar panel boiler for water heating and double-glazed windows with shutters and mosquito nets. Lush green surroundings, sparkling blue sea views and the beach of Agia Fotia being hidden between high mountains and rocks, make the landscape particularly impressive. Villa Fotia creates a carefree living experience tailored to the needs of the most sophisticated of buyers. Location There is direct access from the airports located at Sitia (55 km, mostly local flights) and Heraklion (105 km, flights from all major European cities) on an improving road network that spreads across Crete. Billions of euros are being poured into infrastructure on the island 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. Ierapetra (less than 15km) is the most populous town in the regional unit of Lasithi and the fourth most populous town in Crete. Ierapetra is nicknamed "the bride of the "Lybian Sea" because of its position as the only town on Crete's southern coast. The more active have easy access to water sports, such as jet-skiing and windsurfing. Hiking and taking in nature is also on offer at the Kapsa, or Perivolakis, gorge a blessed area full of oak and pine trees that includes several waterfalls at different times of the year.
Nestled on the coast of the Libyan Sea between Makrigialos and Ierapetra, Villa Fotia offers stunning scenery and a relaxed lifestyle in the southernmost area of Crete. Villa Fotia sits on a plot of approx. 4063 sqm, covering no less than 138 sqm of living space, in total. It consists of two bedrooms, two bathrooms, a living and dining area, several storage spaces and a working/study room. There is also a 25 sqm guest house that features an infrared sauna and two additional storage spaces. This is a spacious home that can welcome with ease friends and family, who would never tire of watching the truly magnificent sea views from the several terraces. The villa comes partially furnished with an equipped kitchen. On the terrain, there are 100 olive trees and a vegetable garden. The property has easy access from a local paved road and available parking space. Other benefits include A/C units in every room, a wood stove, several electric heaters, a solar panel boiler for water heating and double-glazed windows with shutters and mosquito nets. Lush green surroundings, sparkling blue sea views and the beach of Agia Fotia being hidden between high mountains and rocks, make the landscape particularly impressive. Villa Fotia creates a carefree living experience tailored to the needs of the most sophisticated of buyers. Location There is direct access from the airports located at Sitia (55 km, mostly local flights) and Heraklion (105 km, flights from all major European cities) on an improving road network that spreads across Crete. Billions of euros are being poured into infrastructure on the island 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. Ierapetra (less than 15km) is the most populous town in the regional unit of Lasithi and the fourth most populous town in Crete. Ierapetra is nicknamed "the bride of the "Lybian Sea" because of its position as the only town on Crete's southern coast. The more active have easy access to water sports, such as jet-skiing and windsurfing. Hiking and taking in nature is also on offer at the Kapsa, or Perivolakis, gorge a blessed area full of oak and pine trees that includes several waterfalls at different times of the year.
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Currency Exchange
Agia Fotia (Ierapetra), 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £440,643 | £452,844 | £12,201 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £440,643 |
| Maximum cost in the last six months | £452,844 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,201 |
Agia Fotia (Ierapetra), 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 €525,000 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 |
|---|---|---|---|
| €525,000 | £440,643 | £452,844 | £12,201 |
| Property Price € | €525,000 |
| Minimum cost in the last six months | £440,643 |
| Maximum cost in the last six months | £452,844 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,201 |
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 £12,201 more.
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