Sunday, April 19, 2009

I am thinking of buying land in Greece is there an inexpensive way to transfer my funds from £'s to euros?

Before we actually decide on a plot of land and start to build a house in Zakynthos, we need to transfer our current bank account into euros. We believe it could save us a lot of money in the long term if we buy with Euros from a Euro bank account. Can this be done without losing too much in commission fees etc.? Any help would be appreiciated.


If the bank you use has a Greece office (or even an office in an European country which uses the Euro), then I think that when you withdraw funds from that location, it would be deducted in Euros, even if you funded it with pounds in England.

i am buying in spain and talking to imsfx and they seam quite good as i have had bad experiences with another broker and hifx arent doing smaller trades under £3k

claire http://answers.yahoo.com/question/accuse_write?qid=20070907082753AAKJuTS&kid=Ac13D0DIMFDJVNKn6u6C&s=comm&date=2008-01-04+03%3A27%3A03&.crumb=

its best if you open an account there and then ask them for online telephone banking, if not speak to your bank asking for two accounts stating that you will use one for greece and other for uk

if you are just sending money it is a lot cheap thru western union

a few pointers make sure the land you are buying is owned by the seller. there is no land grab going to happen [that is the govnt don't want your land for motorway or to turn it into national park land in which case you lose house and land.]there are so many pit falls.hope you have a legal specialist that knows greek law.

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