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Seaview building plot, Makrygialos, South Crete
Ierapetra, Greece
REF: 901698
€125,000
Description
Lovely seaview building plot of 1050 m2, nicely positioned inside the village planning zone of the tourist resort of Makrygialos, at the south coast of Crete, only 150m from the beach. It has the planning permission (allowance) for a house or houses / villas of up to 400 m2, built on one or two floors, plus basement and attic. Enough space would be left to make a swimming pool(s), terraces, pergolas, parking space, garden areas, etc. There is road access and all services (electricity, water, telephone, broadband internet) are on the spot. The town's organized sandy beach "Limanaki" is less than a 3-minute walk from the plot. In easy walking distance (2-3 minutes) to the town's center which offers a supermarket and many other shops and amenities for basic needs. Ierapetra, the largest town at the south coast of Crete, offering all kind of amenities, is about a 25-minute drive to the west. About 120 km to the International Airport of Heraklion. Only about 38 km to the Airport of Sitia.
Lovely seaview building plot of 1050 m2, nicely positioned inside the village planning zone of the tourist resort of Makrygialos, at the south coast of Crete, only 150m from the beach. It has the planning permission (allowance) for a house or houses / villas of up to 400 m2, built on one or two floors, plus basement and attic. Enough space would be left to make a swimming pool(s), terraces, pergolas, parking space, garden areas, etc. There is road access and all services (electricity, water, telephone, broadband internet) are on the spot. The town's organized sandy beach "Limanaki" is less than a 3-minute walk from the plot. In easy walking distance (2-3 minutes) to the town's center which offers a supermarket and many other shops and amenities for basic needs. Ierapetra, the largest town at the south coast of Crete, offering all kind of amenities, is about a 25-minute drive to the west. About 120 km to the International Airport of Heraklion. Only about 38 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £103,539 | £107,431 | £3,893 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £103,539 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,893 |
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 €125,000 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 |
|---|---|---|---|
| €125,000 | £103,539 | £107,431 | £3,893 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £103,539 |
| Maximum cost in the last six months | £107,431 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,893 |
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 £3,893 more.
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