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Complex of 6 apartments in a beautiful and quiet part of Elounda
Agios Nikolaos, Greece
REF: 807842
€1,400,000
Description
This large building of a total of approximately 352sqm is located in one of the most beautiful spots of the region, just 600m. from the sea. It enjoys one of the most beautiful views of the salt pans of Elounda and the surrounding landscape. Ιt is a two-storey building that was built in 1983, functioned as a holiday complex. it comprises 6 independent residences, 3 on the ground floor ( a total of about 200 sqm) and another 3 on the first floor (a total of about 152 sqm). All apartments have private balconies with excellent views. The building needs restoration to be developed for tourism or to turn it into a nice and comfortable villa. The plot is 10.397,44 sqm, providing the opportunity to build a swimming pool, large garden, terraces and parking. 1 km to the village and the sandy beach of Elounda. A 7 minutes drive to Agios Nikolaos, the capital of Lasithi. A 45 minutes drive to the international airport of Heraklion. Elounda Elounda was a small fishing town on the Mirabello Bay, on the island of Crete. Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda. It is part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels. Elounda is also the closest major town to the former leper colony of Spinalonga. The town is a 10 minute drive to Agios Nikolaos and the village of Plaka (Lasithi). Agios Nikolaos 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.
This large building of a total of approximately 352sqm is located in one of the most beautiful spots of the region, just 600m. from the sea. It enjoys one of the most beautiful views of the salt pans of Elounda and the surrounding landscape. Ιt is a two-storey building that was built in 1983, functioned as a holiday complex. it comprises 6 independent residences, 3 on the ground floor ( a total of about 200 sqm) and another 3 on the first floor (a total of about 152 sqm). All apartments have private balconies with excellent views. The building needs restoration to be developed for tourism or to turn it into a nice and comfortable villa. The plot is 10.397,44 sqm, providing the opportunity to build a swimming pool, large garden, terraces and parking. 1 km to the village and the sandy beach of Elounda. A 7 minutes drive to Agios Nikolaos, the capital of Lasithi. A 45 minutes drive to the international airport of Heraklion. Elounda Elounda was a small fishing town on the Mirabello Bay, on the island of Crete. Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda. It is part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels. Elounda is also the closest major town to the former leper colony of Spinalonga. The town is a 10 minute drive to Agios Nikolaos and the village of Plaka (Lasithi). Agios Nikolaos 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.
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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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,153,460 | £1,203,230 | £49,770 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,153,460 |
| Maximum cost in the last six months | £1,203,230 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,770 |
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 €1,400,000 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 |
|---|---|---|---|
| €1,400,000 | £1,153,460 | £1,203,230 | £49,770 |
| Property Price € | €1,400,000 |
| Minimum cost in the last six months | £1,153,460 |
| Maximum cost in the last six months | £1,203,230 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,770 |
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 £49,770 more.
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