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Seaside building plots, south coast of Crete
Ierapetra, Greece
REF: 901675
€150,000
Description
Two building plots, nicely positioned in the coastal area of Achlia, east of Ierapetra, at the south coast of Crete. From their elevated position about 70m above sea level and due to the gently sloping terrain, the plots enjoy wonderful uninterrupted views of the Libyan Sea in front of them and the mountains behind them. Each plot is 1365 m2 in size and each has the planning permission (allowance) for a house or houses of up to 400 sq. meters, built on one or two floors, plus basement and attic. Enough space would be left on each plot to build pool(s), open and covered terraces, garden areas, parking space, tennis court, etc. The asking price of each of the 2 plots is 150,000. It is possible to buy either one or both plots together. The purchase of plot nr. 1 includes an additional plot of land next door, 2544 m2 in size, which is not buildable but can be used for garden, animal keeping, construction of tennis court(s), etc. The purchase of the whole undivided land opens up the possibility to obtain a tourist development license which allows the construction of a hotel or holiday apartments of up to 1392 m2. The plots have road access and services such as electricity, water, telephone and broadband internet lines are available on the spot. Distance to the sea (on a straight line): 230m. The nice organized beach of Achlia is within walking distance (1000m) from the plots. There is a restaurant, a cafeteria and a small supermarket in Achlia. Many more amenities and large supermarkets can be found in the town of Ierapetra (15 km away). The international airport of Heraklion is about a 90-minute drive away while the airport of Sitia is a bit less than an hour's drive away.
Two building plots, nicely positioned in the coastal area of Achlia, east of Ierapetra, at the south coast of Crete. From their elevated position about 70m above sea level and due to the gently sloping terrain, the plots enjoy wonderful uninterrupted views of the Libyan Sea in front of them and the mountains behind them. Each plot is 1365 m2 in size and each has the planning permission (allowance) for a house or houses of up to 400 sq. meters, built on one or two floors, plus basement and attic. Enough space would be left on each plot to build pool(s), open and covered terraces, garden areas, parking space, tennis court, etc. The asking price of each of the 2 plots is 150,000. It is possible to buy either one or both plots together. The purchase of plot nr. 1 includes an additional plot of land next door, 2544 m2 in size, which is not buildable but can be used for garden, animal keeping, construction of tennis court(s), etc. The purchase of the whole undivided land opens up the possibility to obtain a tourist development license which allows the construction of a hotel or holiday apartments of up to 1392 m2. The plots have road access and services such as electricity, water, telephone and broadband internet lines are available on the spot. Distance to the sea (on a straight line): 230m. The nice organized beach of Achlia is within walking distance (1000m) from the plots. There is a restaurant, a cafeteria and a small supermarket in Achlia. Many more amenities and large supermarkets can be found in the town of Ierapetra (15 km away). The international airport of Heraklion is about a 90-minute drive away while the airport of Sitia is a bit less than an hour's 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 €150,000 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 |
|---|---|---|---|
| €150,000 | £124,247 | £128,918 | £4,671 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £124,247 |
| Maximum cost in the last six months | £128,918 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,671 |
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 €150,000 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 |
|---|---|---|---|
| €150,000 | £124,247 | £128,918 | £4,671 |
| Property Price € | €150,000 |
| Minimum cost in the last six months | £124,247 |
| Maximum cost in the last six months | £128,918 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,671 |
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 £4,671 more.
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