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Rural building plot with olive trees near Myrtos, south Crete
Ierapetra, Greece
REF: 833830
€58,000
Description
Fairly large buildable olive grove of 5424 m2, nicely positioned in the quiet, peaceful the countryside north of the coastal town of Myrtos, near Ierapetra and the south coast of Crete. The land enjoys views the surrounding countryside, the hills and the mountains. It has the planning permission (allowance) for a large villa or villas of up to 228 m2 on either one or two floors, plus basement and attic. Plenty of space would be left to make pool(s), open & covered verandas and terraces, parking space, garden areas, etc. There are about 90-100 olive trees on the land. The owner is allowed to remove any number of trees in order to free space for building and landscaping. The land faces a quiet asphalt road and electricity and water is available right on the spot. Included in the sale is a small plot of 189 m2 on he opposite side of the road which can be used as a garden. The coastal town and the beach of Myrtos are only about a 3-minute drive away. Supermarkets and other shops for daily basic needs can be found in Myrtos. The larger town of Ierapetra, which offers larger supermarkets and many more amenities, is approx. a 20-minute drive away from the land. The international airport of Heraklion is about an hour's and 15 min. drive away.
Fairly large buildable olive grove of 5424 m2, nicely positioned in the quiet, peaceful the countryside north of the coastal town of Myrtos, near Ierapetra and the south coast of Crete. The land enjoys views the surrounding countryside, the hills and the mountains. It has the planning permission (allowance) for a large villa or villas of up to 228 m2 on either one or two floors, plus basement and attic. Plenty of space would be left to make pool(s), open & covered verandas and terraces, parking space, garden areas, etc. There are about 90-100 olive trees on the land. The owner is allowed to remove any number of trees in order to free space for building and landscaping. The land faces a quiet asphalt road and electricity and water is available right on the spot. Included in the sale is a small plot of 189 m2 on he opposite side of the road which can be used as a garden. The coastal town and the beach of Myrtos are only about a 3-minute drive away. Supermarkets and other shops for daily basic needs can be found in Myrtos. The larger town of Ierapetra, which offers larger supermarkets and many more amenities, is approx. a 20-minute drive away from the land. The international airport of Heraklion is about an hour's and 15 min. 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 €58,000 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 |
|---|---|---|---|
| €58,000 | £48,249 | £49,916 | £1,667 |
| Property Price € | €58,000 |
| Minimum cost in the last six months | £48,249 |
| Maximum cost in the last six months | £49,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,667 |
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 €58,000 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 |
|---|---|---|---|
| €58,000 | £48,249 | £49,916 | £1,667 |
| Property Price € | €58,000 |
| Minimum cost in the last six months | £48,249 |
| Maximum cost in the last six months | £49,916 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £1,667 |
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 £1,667 more.
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