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Seaside building plots, Koutsouras
Ierapetra, Greece
REF: 901695
€160,000
Description
Seaside building plots (1 & 2) in Koutsouras, near the popular tourist resort of Makrygialos at the eastern south coast of Crete, nicely positioned only 65m from the sea. They enjoy views of the Lybian Sea in the south and the mountains in the north. The price of each plot is 160,000. 750 m2 of each plot is inside the village planning zone allowing it to build a house or houses of up to 400 m2 + basement + pool(s), terraces, pergolas, parking, etc. Attached to the back side of each plot and included in the sale is an area of 2050 m2 which is outside the village planning zone thus not buildable, which can be used for gardening, agriculture, etc. There already exists a building of 174.47 m2 on plot 2 which can be torn down in order to build something new. There is good road access (asphalt) and all services (electricity, water, telephone, broadband internet) are on the spot. There is a third plot next to these two which can build 240 m2 + basement (see PLKOU5). The pretty beach of Koutsouras is only a short walk (about 300m) away. There are a few small shops, including a minimarket as well as a few cafeterias and taverns in Koutsouras. More amenities can be found in the tourist resort of Makrygialos (only about a 3-minute drive away). Ierapetra, the largest town at the south coast of Crete, offering all kind of amenities, is about 22 km to the west. 113 km to the International Airport of Heraklion. Only 41 km to the Airport of Sitia.
Seaside building plots (1 & 2) in Koutsouras, near the popular tourist resort of Makrygialos at the eastern south coast of Crete, nicely positioned only 65m from the sea. They enjoy views of the Lybian Sea in the south and the mountains in the north. The price of each plot is 160,000. 750 m2 of each plot is inside the village planning zone allowing it to build a house or houses of up to 400 m2 + basement + pool(s), terraces, pergolas, parking, etc. Attached to the back side of each plot and included in the sale is an area of 2050 m2 which is outside the village planning zone thus not buildable, which can be used for gardening, agriculture, etc. There already exists a building of 174.47 m2 on plot 2 which can be torn down in order to build something new. There is good road access (asphalt) and all services (electricity, water, telephone, broadband internet) are on the spot. There is a third plot next to these two which can build 240 m2 + basement (see PLKOU5). The pretty beach of Koutsouras is only a short walk (about 300m) away. There are a few small shops, including a minimarket as well as a few cafeterias and taverns in Koutsouras. More amenities can be found in the tourist resort of Makrygialos (only about a 3-minute drive away). Ierapetra, the largest town at the south coast of Crete, offering all kind of amenities, is about 22 km to the west. 113 km to the International Airport of Heraklion. Only 41 km to the Airport of Sitia.
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Property on Map
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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £137,512 | £5,688 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £137,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,688 |
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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £137,512 | £5,688 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £137,512 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,688 |
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 £5,688 more.
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