Play store services not (yet) available on my country sadly ;(
But yeah it's a pretty great phone for it's affordable price range . I would want the 16GB for less but in some retailers here in Portugal are priced in higher values (340€)
So does the N4 16GB cost €340 in your country? I'd say that's still a bargain, would be worth the €40 over budget for me.
If you're considering other brands, I can give you my 2 cents on Sony phones: the media features and apps are very good and when a new device gets released the features are often ported to older devices. But Sony isn't popular in the US, which means the amount of developers is limited and you need to be lucky. I think most devices have 1 or 2 good devs, but the lower end devices aren't supported for very long. There's FXP that's supposed to support all Xperia devices but in reality most of the work goes to the current flagship and when a new one arrives the old one gets dropped pretty quickly. A negative thing of Sony is that most of their LCD's aren't good at showing blackness.
Samsung devices get a lot more attention (and faster factory updates), but IMO the stock firmware is ugly and I'm not a fan of how they keep on sticking to the hardware menu key.
In comparison, the N4 has a great screen, great GPU, great software support... Only thing against it is storage on the device.