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3 apartment building in the centre of Sitia
Sitia, Greece
REF: 820017
€140,000
Description
This is a nice building of 3 level/3 apartments located in the heart of Sitia, just 5 minutes walk from the beach and shops. The 3 apartments are almost identical with a total area of 45m2, each consisting of: 1 bedroom, bathroom/WC, living room, kitchen and (for the 1st & 2nd floor) a balcony accessed from the living room and bedroom. All flats are in good condition and can be used immediately. From the roof terrace the property enjoys city and some sea views. Sitia is an attractive seaside town. The whitewashed houses are attached to a hillside that is bound by steep stairs and at the top is a ruined Venetian castle. Below, a promenade with tavernas and cafes frames the fishing port. It is a slow, friendly place where agriculture is the mainstay of the local economy. A long, sandy beach encloses a wide bay to the east of the town. Sitia has a small airport with daily flights to and from Athens and some charter flights from Europe during the summer. Heraklion International Airport is a 2-hour drive away. The port has ferry connections to Piraeus and other islands of the Cyclades and Dodecanese.
This is a nice building of 3 level/3 apartments located in the heart of Sitia, just 5 minutes walk from the beach and shops. The 3 apartments are almost identical with a total area of 45m2, each consisting of: 1 bedroom, bathroom/WC, living room, kitchen and (for the 1st & 2nd floor) a balcony accessed from the living room and bedroom. All flats are in good condition and can be used immediately. From the roof terrace the property enjoys city and some sea views. Sitia is an attractive seaside town. The whitewashed houses are attached to a hillside that is bound by steep stairs and at the top is a ruined Venetian castle. Below, a promenade with tavernas and cafes frames the fishing port. It is a slow, friendly place where agriculture is the mainstay of the local economy. A long, sandy beach encloses a wide bay to the east of the town. Sitia has a small airport with daily flights to and from Athens and some charter flights from Europe during the summer. Heraklion International Airport is a 2-hour drive away. The port has ferry connections to Piraeus and other islands of the Cyclades and Dodecanese.
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Currency Exchange
Sitia, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
Sitia, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,963 | £120,323 | £4,360 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,963 |
| Maximum cost in the last six months | £120,323 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,360 |
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 £4,360 more.
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