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Apartment for renovation right in the centre of Kritsa village
Agios Nikolaos, Greece
REF: 714826
€65,000
Description
This is a convenient 1970's first floor apartment for renovation, located in the main traditional square of Kritsa village with all the shops, taverns and bus stop. The house needs some work to become modern again and could make a comfortable 80 sqm, two bedroom apartment with a nice balcony overlooking the square. The flat can be used for permanent residence or tourist use. At the moment it consists of 5 rooms, one of which is a kitchen, and a bathroom. The house is close to the main road providing easy access and has all services including water, electricity (needs reconnection), sewage and internet. Kritsa is the largest village in the area of Agios Nikolaos, Crete. It is only 7 kilometers from the town and to several sandy beaches. A reliable and frequent bus service connects Kritsa to Agios Nikolaos, Heraklion (island capital and main port and airport) and to all other majour towns and villages on the island. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 40 mins away from the international airport of Heraklion. Although Agios Nikolaos has a population of less than 20,000 it has several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a modern European town.
This is a convenient 1970's first floor apartment for renovation, located in the main traditional square of Kritsa village with all the shops, taverns and bus stop. The house needs some work to become modern again and could make a comfortable 80 sqm, two bedroom apartment with a nice balcony overlooking the square. The flat can be used for permanent residence or tourist use. At the moment it consists of 5 rooms, one of which is a kitchen, and a bathroom. The house is close to the main road providing easy access and has all services including water, electricity (needs reconnection), sewage and internet. Kritsa is the largest village in the area of Agios Nikolaos, Crete. It is only 7 kilometers from the town and to several sandy beaches. A reliable and frequent bus service connects Kritsa to Agios Nikolaos, Heraklion (island capital and main port and airport) and to all other majour towns and villages on the island. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 40 mins away from the international airport of Heraklion. Although Agios Nikolaos has a population of less than 20,000 it has several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a modern European town.
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Currency Exchange
Agios Nikolaos, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £54,556 | £56,066 | £1,511 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £54,556 |
| Maximum cost in the last six months | £56,066 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,511 |
Agios Nikolaos, 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 €65,000 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 |
|---|---|---|---|
| €65,000 | £54,556 | £56,066 | £1,511 |
| Property Price € | €65,000 |
| Minimum cost in the last six months | £54,556 |
| Maximum cost in the last six months | £56,066 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,511 |
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 £1,511 more.
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