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1st floor one bedroom apartment in center of old town of Malia
Malia, Greece
REF: 956514
€140,000
Description
This is the sale of a one bedroom apartment in the center of the old town of Malia. The apartment is on the first floor (top floor) of a two floor building. The apartment is idealy positioned within a short walk to the center of Malia, to the sandy beaches and to several shops, cafes, restaurants and other services and amenities. The apartment comprises an open plan lounge/kitchen with an L shaped couch and a sofa bed. The lounge gives access to a large covered balcony and to a smaller balcony both of which enjoy lovely views on to the old town square. Next to it is a double bedroom with fitted wardrobe and a small balcony and opposite the bedroom is the shower room. Sold fully furnished. The apartment has solar panel for free hot water for the majority of the year (300+days of sunshine a year in Crete). Only a 20 minute drive to the international airport of Heraklion Crete.
This is the sale of a one bedroom apartment in the center of the old town of Malia. The apartment is on the first floor (top floor) of a two floor building. The apartment is idealy positioned within a short walk to the center of Malia, to the sandy beaches and to several shops, cafes, restaurants and other services and amenities. The apartment comprises an open plan lounge/kitchen with an L shaped couch and a sofa bed. The lounge gives access to a large covered balcony and to a smaller balcony both of which enjoy lovely views on to the old town square. Next to it is a double bedroom with fitted wardrobe and a small balcony and opposite the bedroom is the shower room. Sold fully furnished. The apartment has solar panel for free hot water for the majority of the year (300+days of sunshine a year in Crete). Only a 20 minute drive to the international airport of Heraklion Crete.
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Currency Exchange
Malia, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,346 | £118,453 | £3,107 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,346 |
| Maximum cost in the last six months | £118,453 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,107 |
Malia, 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 €140,000 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 |
|---|---|---|---|
| €140,000 | £115,346 | £118,453 | £3,107 |
| Property Price € | €140,000 |
| Minimum cost in the last six months | £115,346 |
| Maximum cost in the last six months | £118,453 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,107 |
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 £3,107 more.
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