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Large Piece of Land / Ideal For Touristic Investment
Skaleta, Rethymnon, Greece
REF: 682086
€7,200,000
Description
This is a huge plot of land for sale in Skaleta Rethymnon. It has got a total surface of 82.667,43sqms and it is set on the top of a hill, offering panoramic and unobstructed views of the sea and the surroundings. It is ideal for the development of a hotel and it offers easy access to Rethymnon town, which is just 12 kms away. Both international airports of Chania & Heraklion are about an hour driving from the plot. The beach of Skaleta is less than 5 mins by car and all kind of amenities are nearby.
This is a huge plot of land for sale in Skaleta Rethymnon. It has got a total surface of 82.667,43sqms and it is set on the top of a hill, offering panoramic and unobstructed views of the sea and the surroundings. It is ideal for the development of a hotel and it offers easy access to Rethymnon town, which is just 12 kms away. Both international airports of Chania & Heraklion are about an hour driving from the plot. The beach of Skaleta is less than 5 mins by car and all kind of amenities are nearby.
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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 €7,200,000 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 |
|---|---|---|---|
| €7,200,000 | £5,963,832 | £6,188,040 | £224,208 |
| Property Price € | €7,200,000 |
| Minimum cost in the last six months | £5,963,832 |
| Maximum cost in the last six months | £6,188,040 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £224,208 |
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 €7,200,000 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 |
|---|---|---|---|
| €7,200,000 | £5,963,832 | £6,188,040 | £224,208 |
| Property Price € | €7,200,000 |
| Minimum cost in the last six months | £5,963,832 |
| Maximum cost in the last six months | £6,188,040 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £224,208 |
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 £224,208 more.
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