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Building land, 898 m2, with views of the Elounda bay
Agios Nikolaos, Greece
REF: 931655
€135,000
Description
Plot of building land, measuring 898 m2, on the road from Plaka, Elounda to the village of Vrouchas. The plot is in an elevated position (210 - 220 meters above sea level) and enjoys spectacular views of the Elounda bay and the surrounding hills. It has the planning permission (allowance) for a house or houses of up to 116 m2 plus basement. Enough of space would be left to build a pool, open and covered terraces, a garden and parking space. The land has immediate access to the road and electricity, water and phone lines with broadband internet are present. The plot is 3.5 km from the coastal village of Plaka, on the way to Vrouchas. Plaka is a known fishing village with a few seaside taverns, cafeterias, shops, Beaches and a little port with boats that make the tour of the island Spinalonga. Elounda is only a 5 minute drive from Plaka. The town of Agios Nikolaos, which is the capital of the area, is about a 20 minutes drive from the plot. The International airport of Heraklion is about 1 hours drive from here. Elounta was a small fishing town on the Mirabello Bay, on the island of Crete. Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda. It is part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels. Elounda is also the closest major town to the former leper colony of Spinalonga. The town is a 10 minute drive to Agios Nikolaos and the village of Plaka (Lasithi).
Plot of building land, measuring 898 m2, on the road from Plaka, Elounda to the village of Vrouchas. The plot is in an elevated position (210 - 220 meters above sea level) and enjoys spectacular views of the Elounda bay and the surrounding hills. It has the planning permission (allowance) for a house or houses of up to 116 m2 plus basement. Enough of space would be left to build a pool, open and covered terraces, a garden and parking space. The land has immediate access to the road and electricity, water and phone lines with broadband internet are present. The plot is 3.5 km from the coastal village of Plaka, on the way to Vrouchas. Plaka is a known fishing village with a few seaside taverns, cafeterias, shops, Beaches and a little port with boats that make the tour of the island Spinalonga. Elounda is only a 5 minute drive from Plaka. The town of Agios Nikolaos, which is the capital of the area, is about a 20 minutes drive from the plot. The International airport of Heraklion is about 1 hours drive from here. Elounta was a small fishing town on the Mirabello Bay, on the island of Crete. Although fishing is still a large part of life in this very picturesque area, tourism has taken over as the main industry of Elounda. It is part of the municipality Agios Nikolaos. It is popular with European tourists and has many hotels including several 5*hotels. Elounda is also the closest major town to the former leper colony of Spinalonga. The town is a 10 minute drive to Agios Nikolaos and the village of Plaka (Lasithi).
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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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,227 | £114,693 | £3,467 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,227 |
| Maximum cost in the last six months | £114,693 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,467 |
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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,227 | £114,693 | £3,467 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,227 |
| Maximum cost in the last six months | £114,693 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,467 |
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 £3,467 more.
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