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Seafront building plot in coastal village, Crete
Agios Nikolaos, Greece
REF: 901674
€320,000
Description
Building land of 3405 m2, very well positioned first line on the sea, in the coastal resort of Milatos, Crete. It has the planning permission for a house or houses of up to 400 sq. meters, built on up to two floors, plus basement and attic. It is suitable for building a business (shop, cafeteria, restaurant) on the ground floor and on the upper floor residential apartment(s) for permanent living or for renting out. It is also suitable for building a large luxury house with pool, gardens etc. It benefits from an asphalt road frontage of about 18.5 meters. All services such as electricity, water supply and phone lines with broadband internet are present. Milatos belongs to the municipality of Agios Nikolaos and is located a few km east of Sissi and Malia, approximately 30 km west of the town of Agios Nikolaos and 45 km east of the city of Heraklion. "Milatos Beach" is a by-the-sea resort with many very good fish tavernas, a fishing port and a nice small beach in it. There are other (pebble) beaches nearby. The plot is about 13 km away from the popular tourist resort of Malia where there can be found large variety of shops, restaurants, bars, night clubs and other amenities. The nearest town is Neapolis, about 12 km away. The international airport of Heraklion is only a 35-minute drive away.
Building land of 3405 m2, very well positioned first line on the sea, in the coastal resort of Milatos, Crete. It has the planning permission for a house or houses of up to 400 sq. meters, built on up to two floors, plus basement and attic. It is suitable for building a business (shop, cafeteria, restaurant) on the ground floor and on the upper floor residential apartment(s) for permanent living or for renting out. It is also suitable for building a large luxury house with pool, gardens etc. It benefits from an asphalt road frontage of about 18.5 meters. All services such as electricity, water supply and phone lines with broadband internet are present. Milatos belongs to the municipality of Agios Nikolaos and is located a few km east of Sissi and Malia, approximately 30 km west of the town of Agios Nikolaos and 45 km east of the city of Heraklion. "Milatos Beach" is a by-the-sea resort with many very good fish tavernas, a fishing port and a nice small beach in it. There are other (pebble) beaches nearby. The plot is about 13 km away from the popular tourist resort of Malia where there can be found large variety of shops, restaurants, bars, night clubs and other amenities. The nearest town is Neapolis, about 12 km away. The international airport of Heraklion is only a 35-minute drive away.
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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 €320,000 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 |
|---|---|---|---|
| €320,000 | £266,176 | £275,398 | £9,222 |
| Property Price € | €320,000 |
| Minimum cost in the last six months | £266,176 |
| Maximum cost in the last six months | £275,398 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,222 |
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 €320,000 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 |
|---|---|---|---|
| €320,000 | £266,176 | £275,398 | £9,222 |
| Property Price € | €320,000 |
| Minimum cost in the last six months | £266,176 |
| Maximum cost in the last six months | £275,398 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,222 |
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 £9,222 more.
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