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Large seaview building plot, southern Mirabello Bay area
Ierapetra, Greece
REF: 735817
€172,000
Description
Beautiful and fairly large (6342 m2) building plot, nicely positioned in the southern Mirabello Bay area, only about 3 km from the see, between the coastal village of Pachia Ammos and the town of Ierapetra. It enjoys some views of the sea (Mirabello Bay), impressive views of the nearby gorge of Cha and the mountains as well as the surrounding countryside. It has the planning permission (allowance) for a house or houses of 120 m2 on one floor (ground floor), plus 120 m2 of basement. Plenty of space would be left for swimming pool(s), open or covered terraces, pergolas, garden, parking space, tennis court, etc. The land is fairly flat thus easy to build on. It faces a very quiet asphalt road that leads to the little village of Monastiraki. Services, such as electricity, water and telecommunication lines are available next to the land and easy to connect to after a building license has been obtained. Possibility to purchase additional building land opposite and next to this plot. Monastiraki is a pretty Cretan village, well liked by Europeans. There are two good traditional taverns in the village. The village and the beach of Pachia Ammos are only about a 5-minute drive away. Pachia Ammos is known for its large sandy beach and the very good and affordable fish restaurants. There are many shops and amenities, including supermarket, in the village which is vibrant all year round as it is a favorite destination for the neighboring towns day offs and weekends. The town of Ierapetra which lies at the south of Crete and offers all kinds of amenities, including large supermarkets, is about a 12-minute drive away from the plot. The international airport of Heraklion is a little more than an hour s drive away.
Beautiful and fairly large (6342 m2) building plot, nicely positioned in the southern Mirabello Bay area, only about 3 km from the see, between the coastal village of Pachia Ammos and the town of Ierapetra. It enjoys some views of the sea (Mirabello Bay), impressive views of the nearby gorge of Cha and the mountains as well as the surrounding countryside. It has the planning permission (allowance) for a house or houses of 120 m2 on one floor (ground floor), plus 120 m2 of basement. Plenty of space would be left for swimming pool(s), open or covered terraces, pergolas, garden, parking space, tennis court, etc. The land is fairly flat thus easy to build on. It faces a very quiet asphalt road that leads to the little village of Monastiraki. Services, such as electricity, water and telecommunication lines are available next to the land and easy to connect to after a building license has been obtained. Possibility to purchase additional building land opposite and next to this plot. Monastiraki is a pretty Cretan village, well liked by Europeans. There are two good traditional taverns in the village. The village and the beach of Pachia Ammos are only about a 5-minute drive away. Pachia Ammos is known for its large sandy beach and the very good and affordable fish restaurants. There are many shops and amenities, including supermarket, in the village which is vibrant all year round as it is a favorite destination for the neighboring towns day offs and weekends. The town of Ierapetra which lies at the south of Crete and offers all kinds of amenities, including large supermarkets, is about a 12-minute drive away from the plot. The international airport of Heraklion is a little more than an hour s drive away.
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Currency Exchange
Ierapetra, 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 €172,000 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 |
|---|---|---|---|
| €172,000 | £142,469 | £147,825 | £5,356 |
| Property Price € | €172,000 |
| Minimum cost in the last six months | £142,469 |
| Maximum cost in the last six months | £147,825 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,356 |
Ierapetra, 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 €172,000 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 |
|---|---|---|---|
| €172,000 | £142,469 | £147,825 | £5,356 |
| Property Price € | €172,000 |
| Minimum cost in the last six months | £142,469 |
| Maximum cost in the last six months | £147,825 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,356 |
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 £5,356 more.
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