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Large seaview building plot near beach, eastern south coast of Crete
Ierapetra, Greece
REF: 841124
€120,000
Description
Large building plot in the area of Lagada, near the popular tourist resort of Makrygialos at the eastern south coast of Crete. The land is 8561 m2 in size. It has the planning permission for a house or houses / villas of up to 286 m2 plus basement. There is road access and all services (electricity, water, telephone, broadband internet) are on the spot. The land enjoys sea and mountain views. Only 500 meters to the Beach of Lagada. Ierapetra, the largest town at the south coast of Crete, offering all kind of amenities, is 27 km to the west. About 120 km to the International Airport of Heraklion. Only 39 km (45-minute drive) to the Airport of Sitia.
Large building plot in the area of Lagada, near the popular tourist resort of Makrygialos at the eastern south coast of Crete. The land is 8561 m2 in size. It has the planning permission for a house or houses / villas of up to 286 m2 plus basement. There is road access and all services (electricity, water, telephone, broadband internet) are on the spot. The land enjoys sea and mountain views. Only 500 meters to the Beach of Lagada. Ierapetra, the largest town at the south coast of Crete, offering all kind of amenities, is 27 km to the west. About 120 km to the International Airport of Heraklion. Only 39 km (45-minute drive) to the Airport of 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £98,868 | £103,134 | £4,266 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £98,868 |
| Maximum cost in the last six months | £103,134 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,266 |
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 €120,000 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 |
|---|---|---|---|
| €120,000 | £98,868 | £103,134 | £4,266 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £98,868 |
| Maximum cost in the last six months | £103,134 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,266 |
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 £4,266 more.
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