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4 seaview building plots
Ierapetra, Greece
REF: 921217
€680,000
Description
This plot of land is 17.683 m2 in size, divided into 4 separate plots (1-4) of more than 4000 m2 each. So the possibilities here are great. It is allowed to build a total of about 200 m2 (400 m2 in case of cave building style) plus basement on each plot. On each of the four plots you can build about 200 m2 of cave building, about 200 m2 of ground floor building (in front and above the cave building) plus 200 m2 of basement under the ground floor part. It is also possible to obtain an EOT tourist development license for this land to build a small hotel or tourist apartments of up to 3530 m2. All buildings on this site will have fantastic panoramic, uninterupted sea and island views. The land is situated just above a quiet beach near the village of Kavousi. This beautiful traditional village is a 25 minute drive to Agios Nikolaos or 15 minutes to Ierapetra. The sea, mountain and island views from this land are just spectacular. There is road access and water and electricity lines are nearby. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 45 mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round. Although Agios Nikolaos has a population of less than 20,000 it has several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a modern European town. The microclimate is one of the best in Greece and the moderate temperatures rarely exceed 30c in summer or fall below 15c in wintertime. This wonderful dry climate together with the natural beauty of the area has attracted most of the high class hotels of Greece to operate here.
This plot of land is 17.683 m2 in size, divided into 4 separate plots (1-4) of more than 4000 m2 each. So the possibilities here are great. It is allowed to build a total of about 200 m2 (400 m2 in case of cave building style) plus basement on each plot. On each of the four plots you can build about 200 m2 of cave building, about 200 m2 of ground floor building (in front and above the cave building) plus 200 m2 of basement under the ground floor part. It is also possible to obtain an EOT tourist development license for this land to build a small hotel or tourist apartments of up to 3530 m2. All buildings on this site will have fantastic panoramic, uninterupted sea and island views. The land is situated just above a quiet beach near the village of Kavousi. This beautiful traditional village is a 25 minute drive to Agios Nikolaos or 15 minutes to Ierapetra. The sea, mountain and island views from this land are just spectacular. There is road access and water and electricity lines are nearby. Agios Nikolaos is the capital of the county Lasithi and is located at the Mirabello Bay, north-east Crete, only 45 mins away from the international airport of Heraklion. Geographically the town is well protected from strong winds allowing sea sports and swimming nearly all year round. Although Agios Nikolaos has a population of less than 20,000 it has several banks, supermarkets, shops of every kind, doctors, a modern hospital of high standard, public swimming pool and tennis courts, yacht marina, harbour, cinema, theatre, gyms, a 9-hole golf course, schools ranging from nurseries to 6-level high school and generally all the amenities you would expect to find in a modern European town. The microclimate is one of the best in Greece and the moderate temperatures rarely exceed 30c in summer or fall below 15c in wintertime. This wonderful dry climate together with the natural beauty of the area has attracted most of the high class hotels of Greece to operate here.
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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 €680,000 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 |
|---|---|---|---|
| €680,000 | £560,252 | £584,426 | £24,174 |
| Property Price € | €680,000 |
| Minimum cost in the last six months | £560,252 |
| Maximum cost in the last six months | £584,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,174 |
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 €680,000 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 |
|---|---|---|---|
| €680,000 | £560,252 | £584,426 | £24,174 |
| Property Price € | €680,000 |
| Minimum cost in the last six months | £560,252 |
| Maximum cost in the last six months | £584,426 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,174 |
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 £24,174 more.
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