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Large Villa With Open Sea Views & 4 rental apartments
Skaleta, Rethymnon, Greece
REF: 679548
€790,000
Description
This is a unique villa for sale in Rethymnon, Crete, set just 600 mtrs away from the beach of Skaleta. It has got a total surface of 400sqms built on a private plot of land of 800sqms. The ground floor of the villa consists of 4 different 1-bedroom apartments that offer a very good monthly income. On the 1st & 2nd level of the property, a 4-bedroom maisonette can be found with open views across the sea and the Cretan countryside. The plot has been landscaped and there is plenty of space to construct a swimming pool. There is central oil heating and a wood burning fireplace. The property is ideal for a permanent residence of a holiday home.
This is a unique villa for sale in Rethymnon, Crete, set just 600 mtrs away from the beach of Skaleta. It has got a total surface of 400sqms built on a private plot of land of 800sqms. The ground floor of the villa consists of 4 different 1-bedroom apartments that offer a very good monthly income. On the 1st & 2nd level of the property, a 4-bedroom maisonette can be found with open views across the sea and the Cretan countryside. The plot has been landscaped and there is plenty of space to construct a swimming pool. There is central oil heating and a wood burning fireplace. The property is ideal for a permanent residence of a holiday home.
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Currency Exchange
Skaleta, Rethymnon, 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 €790,000 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 |
|---|---|---|---|
| €790,000 | £663,063 | £681,422 | £18,360 |
| Property Price € | €790,000 |
| Minimum cost in the last six months | £663,063 |
| Maximum cost in the last six months | £681,422 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,360 |
Skaleta, Rethymnon, 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 €790,000 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 |
|---|---|---|---|
| €790,000 | £663,063 | £681,422 | £18,360 |
| Property Price € | €790,000 |
| Minimum cost in the last six months | £663,063 |
| Maximum cost in the last six months | £681,422 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £18,360 |
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 £18,360 more.
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