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Beachfront house comprising several holiday apartments with EOT licence
Ierapetra, Greece
REF: 797745
€309,000
Description
A 3-storey house that consists of 4 holiday studio flats and one top-floor 1 bedroom apartment right on the beach of Makrigialos at the south coast of Crete. The property offers stunning views of the Libyan Sea to one side and the mountains to the other. The crystal clear waters offer ample opportunity for snorkeling, and have been awarded the "blue flag of the European Union". The property has an EOT licence, granted by the Greek National Tourism Organisation to tourist rental properties conforming to set standards and specific safety conditions. The 135m2 building comprises a 1 bedroom apartment on the top-floor and 4 fully furnished studios with en-suite shower rooms on the middle and ground floor, offering two types of accommodation: 1. Middle floor studios with double bed and balcony fronting out onto the sea. 2. Bright and cool lower ground floor studios with patio area (studios can be opened up and used as a family room) one with double bed and one with two singles. All studios have the facility to sleep up to 3 people and the family room sleeps 6. Each room is equipped with an air conditioning device and a TV and each apartment has a fully fitted kitchen comprising a microwave oven, electric hob, refrigerator, electric kettle, electric filter coffee-maker, toaster, sandwich maker, iron, hairdryer. It would be possible to transform this house into a large single-family home. Makrigialos village (it means long shore) is a charming fishing village, located on the South-East shore of the Lasithi prefecture. Approx 30min drive from the town of Ierapetra and 1 hour from Agios Nikolaos. The International airport of Heraklion is about 1,5 hours drive from Makrygialos. The beautiful harbour has many fish tavernas and cafeterias. There is a wonderful sandy beach and several other coves in the surrounding area. The village is well served with supermarkets, butcher, greengrocers, bakeries, chemists, bank, petrol station and more. There is a regular bus service connecting Makrigialos to Ierapetra and Sitia.
A 3-storey house that consists of 4 holiday studio flats and one top-floor 1 bedroom apartment right on the beach of Makrigialos at the south coast of Crete. The property offers stunning views of the Libyan Sea to one side and the mountains to the other. The crystal clear waters offer ample opportunity for snorkeling, and have been awarded the "blue flag of the European Union". The property has an EOT licence, granted by the Greek National Tourism Organisation to tourist rental properties conforming to set standards and specific safety conditions. The 135m2 building comprises a 1 bedroom apartment on the top-floor and 4 fully furnished studios with en-suite shower rooms on the middle and ground floor, offering two types of accommodation: 1. Middle floor studios with double bed and balcony fronting out onto the sea. 2. Bright and cool lower ground floor studios with patio area (studios can be opened up and used as a family room) one with double bed and one with two singles. All studios have the facility to sleep up to 3 people and the family room sleeps 6. Each room is equipped with an air conditioning device and a TV and each apartment has a fully fitted kitchen comprising a microwave oven, electric hob, refrigerator, electric kettle, electric filter coffee-maker, toaster, sandwich maker, iron, hairdryer. It would be possible to transform this house into a large single-family home. Makrigialos village (it means long shore) is a charming fishing village, located on the South-East shore of the Lasithi prefecture. Approx 30min drive from the town of Ierapetra and 1 hour from Agios Nikolaos. The International airport of Heraklion is about 1,5 hours drive from Makrygialos. The beautiful harbour has many fish tavernas and cafeterias. There is a wonderful sandy beach and several other coves in the surrounding area. The village is well served with supermarkets, butcher, greengrocers, bakeries, chemists, bank, petrol station and more. There is a regular bus service connecting Makrigialos to Ierapetra and Sitia.
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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 €309,000 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 |
|---|---|---|---|
| €309,000 | £255,948 | £265,570 | £9,622 |
| Property Price € | €309,000 |
| Minimum cost in the last six months | £255,948 |
| Maximum cost in the last six months | £265,570 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,622 |
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 €309,000 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 |
|---|---|---|---|
| €309,000 | £255,948 | £265,570 | £9,622 |
| Property Price € | €309,000 |
| Minimum cost in the last six months | £255,948 |
| Maximum cost in the last six months | £265,570 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,622 |
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 £9,622 more.
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