Page Index Toggle Pages: [1]  Send TopicPrint
Very Hot Topic (More than 10 Replies) Property Prices (Read 6614 times)
Kefalas
Been around almost as long as Crete itself
****
Offline


Yet Another BritsinCrete
Member

Posts: 354
Location: Apokoronas
Joined: 08. Mar 2014
Gender: Male
Re: Property Prices
Reply #25 - 10. Mar 2016 at 21:12
Post Tools
Wow, excellent result!  Smiley
  
Back to top
 
IP Logged
 
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #24 - 09. Mar 2016 at 23:50
Post Tools
Yes I have sold not for the asking price though.............they paid me MORE because there were 3 buyers at the same time and they wanted to make sure they got it.  Happy Days!
  
Back to top
 
IP Logged
 
Kefalas
Been around almost as long as Crete itself
****
Offline


Yet Another BritsinCrete
Member

Posts: 354
Location: Apokoronas
Joined: 08. Mar 2014
Gender: Male
Re: Property Prices
Reply #23 - 09. Mar 2016 at 19:31
Post Tools
She's just made a post in the "For Ladies" section so I'll guess "no".
  
Back to top
 
IP Logged
 
Compare hotel prices and find the best deal - HotelsCombined.com
m
BIC 2.0 Newbie
*
Offline


Yet Another BritsinCrete
Member

Posts: 1
Joined: 12. Jul 2014
Gender: Male
Zodiac sign: Taurus
Re: Property Prices
Reply #22 - 22. Feb 2016 at 21:14
Post Tools
Well here's a thread I'd like an update on Smiley

Did Fowles sell?
  
Back to top
 
IP Logged
 
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #21 - 02. Sep 2015 at 23:34
Post Tools
I appreciate you taking the time to send your wishes Silverback.
  
Back to top
 
IP Logged
 
silverback
A True BIC'er
**
Offline


Yet Another BritsinCrete
Member

Posts: 37
Location: south coast
Joined: 06. Oct 2009
Zodiac sign: Scorpio
Re: Property Prices
Reply #20 - 02. Sep 2015 at 18:38
Post Tools
I also want to wish you all the best in the future Fowles.
« Last Edit: 09. Mar 2016 at 19:36 by Mod2 » 
Reason: Changed "wont" to "want". 
Back to top
 
IP Logged
 
Compare hotel prices and find the best deal - HotelsCombined.com
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #19 - 01. Sep 2015 at 20:28
Post Tools
That's very kind of you to acknowledge my comment Del Boy - times are hard for me at the moment and I have been trying my best to sell up and move on in difficult financial and emotional times.  It will happen one day, I just hope it's sooner rather than later.
  
Back to top
 
IP Logged
 
Del Boy
Been around almost as long as Crete itself
****
Offline


Yet Another BritInCrete!

Posts: 314
Location: Nelson Mandela House Peckham
Joined: 24. Aug 2007
Gender: Male
Re: Property Prices
Reply #18 - 01. Sep 2015 at 18:23
Post Tools
Sorry to hear of your loss Fowles, I wish you all the best.
  
Back to top
 
IP Logged
 
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #17 - 01. Sep 2015 at 17:52
Post Tools
Well in my case, it's because my husband died last year and for me "our" dream is over now.  I think most people want to return to their own country to be with family that are absent in these sorts of circumstances, as being near people that love you is your "comfort blanket" so to speak.

Another feeling that makes me want to return, is that I never feel a sense of belonging here and no matter what people say, it is very hard to integrate with the Greek people, this is not just my opinion but that of many of my friends.  I'm not talking about getting on with the local taverna owner, or your Greek neighbour, that's easy enough, it's much more than just that.  These are just two reasons for me but perhaps other people that are returning can add to them.
  
Back to top
 
IP Logged
 
Compare hotel prices and find the best deal - HotelsCombined.com
silverback
A True BIC'er
**
Offline


Yet Another BritsinCrete
Member

Posts: 37
Location: south coast
Joined: 06. Oct 2009
Zodiac sign: Scorpio
Re: Property Prices
Reply #16 - 01. Sep 2015 at 17:20
Post Tools
Fully understood and agree thank you, can I ask another question?What are the top ten reasons for people to return to their original countries and forfeit their original dreams of living in Crete?   
« Last Edit: 09. Mar 2016 at 19:17 by Mod2 »  
Back to top
 
IP Logged
 
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #15 - 01. Sep 2015 at 15:29
Post Tools
Silverback - I think I answered your original question comprehensively and as good as agreed with you, that because of the difference between the Euro/Sterling rate, this could mean that a house purchase made 10 years ago, may not have lost as much of it's value as at first it may seem, as long as it continues to reduce from the 1.51 rate back then.
You can probably see that I do get annoyed with people that don't actually try to answer your question but instead make assumptions and start telling you what you should and should not do, can and cannot achieve, which is totally irrelevant!

You asked a question and because it is very relevant to me and other people that have their house on the market, I answered it and understood what you were getting at.

I also hold the same view as you regarding the exchange rate, which makes a huge difference to people who bought in 2006.

Have a nice day!
  
Back to top
 
IP Logged
 
silverback
A True BIC'er
**
Offline


Yet Another BritsinCrete
Member

Posts: 37
Location: south coast
Joined: 06. Oct 2009
Zodiac sign: Scorpio
Re: Property Prices
Reply #14 - 01. Sep 2015 at 14:39
Post Tools
Hi to all and thank you Fowles, Del Boy, Kefalas, and Admin for your replies much appreciated, my house is not for sale and I hope never will be, I am Cypriot origin so its up to my children and Grand children to sort that one out !!!. Please don't fall out with each other over my post, life is too short and as long as we are all healthy who cares about the Euro verses Sterling, hope the weather stays fine as we arrive next Monday. Luv silverback
« Last Edit: 12. Mar 2016 at 16:36 by Mod2 »  
Back to top
 
IP Logged
 
Compare hotel prices and find the best deal - HotelsCombined.com
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #13 - 31. Aug 2015 at 22:44
Post Tools
Please explain why I am on a loser?  You have absolutely no details of my property, so what qualifies you to make such an arrogant statement?  You might have been offered 20,000 Euros less on your property but if that leaves you without a profit, that's your problem - I can assure you that I will be making a profit when I sell.  If you are an old hand at buying and selling property and you're in no hurry to sell, why are you trying to sell when you know you are not going to make a profit?
  
Back to top
 
IP Logged
 
Del Boy
Been around almost as long as Crete itself
****
Offline


Yet Another BritInCrete!

Posts: 314
Location: Nelson Mandela House Peckham
Joined: 24. Aug 2007
Gender: Male
Re: Property Prices
Reply #12 - 31. Aug 2015 at 22:28
Post Tools
Keep your hair on I'm not having a pop, telling it as it is, Not bothered if I sell or not at the moment, this house here is only a holiday home, got a place still in the UK so I'm in no rush. No I'm not an estate agent but done a bit of buying & selling property in my time and honestly Fowles you're on a looser here.
  
Back to top
 
IP Logged
 
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #11 - 31. Aug 2015 at 16:12
Post Tools
Del Boy - are you an estate agent? A house is worth what a buyer is prepared to pay for it in ANY country, not just "here".

You know nothing about my house, how bit it is what price bracket it falls into, how much I paid to have it built or what it is on the market for now - so how do you know that there is going to be no profit in it for me when I sell it?

I never said that I was "hoping and waiting" for the rate to even out - I was merely comparing what the rate was against the Euro rate 10 years ago and stating that each 1 cent fall against the pound, would make a huge difference on a large sum of money, i.e. sale of a property, if lucky enough to sell.

I have had 6 viewings since mid July with one on Saturday and one today.  One couple have made an appointment for a second viewing, which sounds promising. 

Just because you haven't sold your property, it doesn't mean that nobody has a chance of selling theirs and as I said before there have been several sales in this area over the season - there is money out there and people are buying - albeit the housing market is down generally, with the exception of the Lassithi area where sales are doing well.  I managed an estate agency in the UK and so I like to keep my ear to the ground when it comes to property, even if it is in another country.

I was rude to Gerald because if you read his posting he was rather rude to me.  He has no idea what I have done to try and sell my property and guess what? I'm not going to tell him, it's not his business - but then to say that I just haven't tried "my best" is nothing but an insult.

If nothing else this thread has awakened the dead!
  
Back to top
 
IP Logged
 
Compare hotel prices and find the best deal - HotelsCombined.com
Kefalas
Been around almost as long as Crete itself
****
Offline


Yet Another BritsinCrete
Member

Posts: 354
Location: Apokoronas
Joined: 08. Mar 2014
Gender: Male
Re: Property Prices
Reply #10 - 31. Aug 2015 at 12:39
Post Tools
Fowles wrote on 29. Aug 2015 at 17:25:
Thank you for suggesting that it's "up to me to make it happen" when it comes to selling my house - please send me your detailed theory of how that works, I'd be very interested.

A friend of mine in England made it happen. He had a small terrace house in Guildford. It was not an especially desirable property; the area was not good and it was not a good time to sell.

He made it happen by creating a web page on which he put lots of photos and extolled the virtue of the house features. He stressed that he really didn't want to sell but circumstances forced him to.

Within three days he had two potential buyers actually bidding against each other and the house sold two months later for substantially more than the "offers around" price!

I saved his web page - unfortunately without images - and you can download it here:
https://www.dropbox.com/s/nf05jtmoyls7xib/HomeSweetHome.pdf

BTW the £/€ trend is upwards. It has been creeping gradually higher during the last year, with occasional dips (such as now). However, I predict that it's heading towards €1.50 to the GBP so don't delay.

  
Back to top
 
IP Logged
 
Del Boy
Been around almost as long as Crete itself
****
Offline


Yet Another BritInCrete!

Posts: 314
Location: Nelson Mandela House Peckham
Joined: 24. Aug 2007
Gender: Male
Re: Property Prices
Reply #9 - 31. Aug 2015 at 10:59
Post Tools
Fowles I understood perfectly where Silverback was coming from. My example was perfectly normal. Believe me you will not make money on selling your property here at this moment in time.
Hoping and waiting for the rate to even out won't happen, I hope it would because it would help in my sale.
I have had 7 viewings last year and only one this year, fortunately got one next week. I have been offered 20,000 less than the asking price from Greeks, that's a lot of money when selling, Convert it back to sterling after paying your 2% to your agent and transfer fees and you are at a loss. As I said before, houses here are only worth what a buyer wants to give you which is considerably less than any of us anticipated.
There is also no need to be rude to Gerald, it's not necessary.
  
Back to top
 
IP Logged
 
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #8 - 29. Aug 2015 at 22:20
Post Tools
Gerald - I just find your postings pathetic - end of.
  
Back to top
 
IP Logged
 
Compare hotel prices and find the best deal - HotelsCombined.com
admin
Bic Administrator
*****
Offline


GeraldinCrete

Posts: 1643
Location: Vrahassi (Vrachasi), Crete
Joined: 01. Jan 2005
Gender: Male
Re: Property Prices
Reply #7 - 29. Aug 2015 at 21:00
Post Tools
Fowles

The way you replied tells me everything.

Based on your calculations and explanations I would suggest the real cost/loss will be more than you realise.

You ask what is my way of selling....

The fact you haven't sold indicates to me that so far "your best" has not been good enough.

As I said keeping an eye on exchange rates is fruitless as is wishful thinking/keeping fingers crossed. You may not be on the right side of the law of averages.

After all it all boils down to price, doesn't it?







« Last Edit: 29. Aug 2015 at 21:01 by admin »  

Treat fairly, those who treat you fairly. To shout is a sign of weakness. Confucious may have said: "Don't be easily hurt or offended. Take a deep breath, count to 10. Log off and make a cup of tea.
Back to top
IP Logged
 
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #6 - 29. Aug 2015 at 17:25
Post Tools
Gerald I am not huffing and puffing but answering Silverback with a much more relevant answer than yours and others!

He doesn't want to know about the "Greek view" and nowhere in his query does he mention this so why are you suggesting something that he's just not interested in?

He was trying to get over to the audience that selling with the lower Euro rate than 1.51, which was the rate that he bought at, would even out some of the reduction in property price fall over the last 10 years, so pray tell me what good your preaching about the Greek way does, to help him?

Thank you for suggesting that it's "up to me to make it happen" when it comes to selling my house - please send me your detailed theory of how that works, I'd be very interested.  I'm keeping my fingers crossed because I've had several viewings and the law of averages means that eventually I will get a sale, it's got nothing to do with me making it happen!  I don't know what you mean saying "if you were determined to sell your current home" - how do you know what my levels of determination have been?  I never said that I would know what the rate was if I made a sale did I?  I said that if the rate kept on falling against the pound this would make a huge difference to anybody selling in Euros and exchanging back to sterling.  I also don't know what you are talking about when you mention people's opinions - because this is not about opinions but the relevance of answers when people ask something son this website.  I knew who I was writing back to Gerald and it makes no difference to me because the information I have given stands.
  
Back to top
 
IP Logged
 
admin
Bic Administrator
*****
Offline


GeraldinCrete

Posts: 1643
Location: Vrahassi (Vrachasi), Crete
Joined: 01. Jan 2005
Gender: Male
Re: Property Prices
Reply #5 - 29. Aug 2015 at 17:03
Post Tools
Fowles,

Observations about your comments:

- I sometimes think we live on different planets based on your comments over the years but we are on the same Crete. I am very happy and contented. And you?

- Selling your home is not about wishful thinking (your reference to keeping fingers crossed). If you were determined to sell your current home on Crete, it is up to you make it happen.

- Why are you keeping an eye on the £pound to  €euro exchange rate? Because no one knows what the exchange rate will be six-weeks to three months after your sale, when you receive the proceeds - let alone tomorrow's rate. In any event you can protect yourself against future currency swings for a small fee. The bottom line is you have yet to sell your property.

If your first reaction to my comments is negative then perhaps glimpse my signature at the end of this post. Life is too short to huff and puff as you appear to do about other's opinions which are just as valid. 

I wish you well with your house sale.

Gerald
« Last Edit: 29. Aug 2015 at 20:43 by admin »  

Treat fairly, those who treat you fairly. To shout is a sign of weakness. Confucious may have said: "Don't be easily hurt or offended. Take a deep breath, count to 10. Log off and make a cup of tea.
Back to top
IP Logged
 
Compare hotel prices and find the best deal - HotelsCombined.com
Fowles
Practically Cretan
*****
Offline


Yet Another BritInCrete!

Posts: 793
Location: North East Crete
Joined: 22. Mar 2007
Gender: Female
Re: Property Prices
Reply #4 - 29. Aug 2015 at 09:34
Post Tools
I understand where you are coming from Silverback, which is more than I can say for some of the replies.

The Euro was set at 1.51, 10 years ago.  If you now want to sell your property and exchange the Euros back to sterling, the rate today is set at 1.37.  This means that you bought when you got a good rate for your sterling and now you want to sell and you are getting a good rate to buy back sterling.

I have this very week made up a simple spreadsheet detailing each 1 cent fall in the Euro against the pound - because I am trying to sell my property at the moment.  This past week or so, the Euro has fallen from 1.40 to 1.37 against sterling and having made the calculation on the sale price of my property, this makes a difference of £17,000.  What we could really do with is a rate of 1.10 which was how the rate looked a few years ago!  Not good for the tourist but great for people who bought 10 years ago at 1.51 and now want to sell!

What this means is that reducing the sale price of your property could still mean you would make a profit, which is why I cam keeping an eye on the rate.

Whilst it is true that the Greeks don't build to make a profit on their property, it just isn't relevant to ex-pats and having a roof over your head is not much good if you want the roof to be back in the UK! and can't sell here.  That said, I have had 5 viewings since the beginning of July - so it is evident that people are buying, some are looking for a bargain but I know of 5 properties that have sold this past 2 months in my area alone - despite everything, people still want to own a home in Greece and there's plenty of money out there.  I have yet another viewing this morning and one on Thursday, so I'm keeping my fingers crossed that the right person walks in the door!
  
Back to top
 
IP Logged
 
admin
Bic Administrator
*****
Offline


GeraldinCrete

Posts: 1643
Location: Vrahassi (Vrachasi), Crete
Joined: 01. Jan 2005
Gender: Male
Re: Property Prices
Reply #3 - 28. Aug 2015 at 23:45
Post Tools
Silverback, have you factored in the value of you having lived in/had the usage of the house for 10 years?

When Buying property in Crete, unless you are very lucky in making money on property, you have to take the Greek view. That is you buy to keep, to pass on to the next generation, or hold it for a long time.

For most of us, I think the people we deal with in Greece in buying, building and selling - it is they who make the sure found profit in property. But then a roof over our head is needed so we have at least a "home" in which to stay.



  

Treat fairly, those who treat you fairly. To shout is a sign of weakness. Confucious may have said: "Don't be easily hurt or offended. Take a deep breath, count to 10. Log off and make a cup of tea.
Back to top
IP Logged
 
Kefalas
Been around almost as long as Crete itself
****
Offline


Yet Another BritsinCrete
Member

Posts: 354
Location: Apokoronas
Joined: 08. Mar 2014
Gender: Male
Re: Property Prices
Reply #2 - 28. Aug 2015 at 20:25
Post Tools
  
Back to top
 
IP Logged
 
Del Boy
Been around almost as long as Crete itself
****
Offline


Yet Another BritInCrete!

Posts: 314
Location: Nelson Mandela House Peckham
Joined: 24. Aug 2007
Gender: Male
Re: Property Prices
Reply #1 - 28. Aug 2015 at 19:49
Post Tools
A house here is only worth what the purchaser wants to pay for it.
Meaning...They are not worth a carrot if you want to sell.
  
Back to top
 
IP Logged
 
silverback
A True BIC'er
**
Offline


Yet Another BritsinCrete
Member

Posts: 37
Location: south coast
Joined: 06. Oct 2009
Zodiac sign: Scorpio
Property Prices
28. Aug 2015 at 18:49
Post Tools
Hi to you all, I hope you and Crete are well, Question ? If you say bought a house 10 years ago, what in your view is its price now in percentage wise, example someone said to me at least 10% down, I questioned this due to the pound sterling Vs  euro as 10 years ago 1.50 euro to the pound sterling, my view for what its worth is that if you purchased a house Ten years ago  it has remained static.
  
Back to top
 
IP Logged
 
Page Index Toggle Pages: [1] 
Send TopicPrint
Bookmarks: del.icio.us Digg Facebook Google :: Brits in Crete Google+ Linked in reddit StumbleUpon Twitter :: Brits in Crete Yahoo Pinterest :: BritsinCrete Tumbr :: Britsincrete Instagram :: Britsincrete
 

Weather forecast for Heraklion Weather forecast for Rethimnon Weather forecast for Agios Nikolaos Weather forecast for Ierapetra Weather forecast for Chania

HOTELS NEAR AIRPORTS: Athens Eleftherios Venizelos Airport (ATH) - Chania/Souda (CHQ) - Heraklion Nikos Kazantzakis Airport (HER) - Sitia Public Airport (JSH).


De werkelijkheid van het leven, het leven van de Emigrant in Kreta Griekenland, zoals die door de ogen van de Britse ingezetenen wordt gezien. | Die Wirklichkeit von leben die Überseelebensdauer in Kreta Griechenland, wie durch die Augen der britischen Bewohner gesehen. | La réalité de la vie, la vie d'outre-mer en Crète Grèce, comme vu par les yeux des résidants britanniques. | Realtà di vivere, la vita espatriata in Creta Grecia, come visto attraverso gli occhi dei residenti britannici. | V tat a k člen určit "Brit do Kreta" "BritsinCrete" tkanivo poloha. | A realidade de viver, a vida expatriate em Creta Grecia, como visto através dos olhos dos residentes britânicos. | La realidad de vivir, la vida expatriada en Creta Grecia, según lo visto a través de los ojos de los residentes británicos. | Живущ в Крете, межсуточная жизнь на греческом острове Креты для эмигрировавших резидентов. | Ζωντανός στην Κρήτη, καθημερινή ζωή στο ελληνικό νησί της Κρήτης για τους εκπατριζόμενους κατοίκους. | クレタに住んでいる、国外居住の常駐員のためのクレタのギリシャの島の日常の生命。| aae:Kret ar: كريت bs:Kreta bg:Крит ca:Creta cat:Creta cs:Kréta cym:Creta da:Kreta de:Kreta et:Kreeta el:Κρήτη es:Creta eo:Kreto eu:Kreta eus:Kreta fr:Crète he: כרתים hrv:Krit ko:크리티 지역 hr:Kreta id:Kreta is:Krít it:Creta la:Creta lb:Kreta lv:Krēta lb:Kreta lt:Kreta hu:Kréta nl:Kreta ja:クレタ島 no:Kreta pl:Kreta pt:Creta ro:Creta ru:Крит sl:Kreta sr:Крит fi:Kreeta sv:Kreta tr:Girit vec:Creta zho: 克里特 Crete. Βριτσιν is another display type!

  « Board Index ‹ Board Top  



QR Code britsincretecouk | Google+ | Today's GREEK NAME DAYS and BABY NAMES | Feedage Grade A rated |

Forum installed & Maintained by SVS WebDesign