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Large building on the outskirts of Ierapetra
Ierapetra, Greece
REF: 802236
€670,000
Description
This spacious building is located at the city entrance of Ierapetra, near the tourist and commercial center and the beautiful beaches around it. The building consists of 2 levels, each of about 117sqm. On the ground floor there is a large shop, and on the 1st floor there is a comfortable apartment consisting of a large open plan living/dining/kitchen, a bathroom with bathtub, 3 bedrooms and 1 storage room. All rooms have access to verandas, and a metal staircase leads to the roof of the house. The apartment is in the process of being renovated and will soon have new wardrobes and awnings on the balcony. There is air conditioning in living room and master bedroom and pre-installation for central heating. Ample parking for a few cars in front of the building. Ierapetra is the largest town in the province of Lasithi, it is the southernmost town in Europe. It is ideal for those who want to enjoy the beauty of the Libyan Sea and explore the south of Crete, with its wonderful, picturesque villages, gorges and sandy beaches in or near Ierapetra The international airport of Heraklion, Crete is about one hour twenty minutes by car, along a very good road.
This spacious building is located at the city entrance of Ierapetra, near the tourist and commercial center and the beautiful beaches around it. The building consists of 2 levels, each of about 117sqm. On the ground floor there is a large shop, and on the 1st floor there is a comfortable apartment consisting of a large open plan living/dining/kitchen, a bathroom with bathtub, 3 bedrooms and 1 storage room. All rooms have access to verandas, and a metal staircase leads to the roof of the house. The apartment is in the process of being renovated and will soon have new wardrobes and awnings on the balcony. There is air conditioning in living room and master bedroom and pre-installation for central heating. Ample parking for a few cars in front of the building. Ierapetra is the largest town in the province of Lasithi, it is the southernmost town in Europe. It is ideal for those who want to enjoy the beauty of the Libyan Sea and explore the south of Crete, with its wonderful, picturesque villages, gorges and sandy beaches in or near Ierapetra The international airport of Heraklion, Crete is about one hour twenty minutes by car, along a very good road.
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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 €670,000 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 |
|---|---|---|---|
| €670,000 | £554,968 | £575,832 | £20,864 |
| Property Price € | €670,000 |
| Minimum cost in the last six months | £554,968 |
| Maximum cost in the last six months | £575,832 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,864 |
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 €670,000 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 |
|---|---|---|---|
| €670,000 | £554,968 | £575,832 | £20,864 |
| Property Price € | €670,000 |
| Minimum cost in the last six months | £554,968 |
| Maximum cost in the last six months | £575,832 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,864 |
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 £20,864 more.
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