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Kato Pafos (6km from Pafos main town and 20km from Pafos Airport) which is the main tourist area of Pafos city
Yeroskipou, Paphos, Cyprus
REF: 114533
€4,500,000
Description
Kato Pafos (6km from Pafos main town and 20km from Pafos Airport) which is the main tourist area of Pafos city. Pafos city population is around 80,000 and during Spring-Summer time gets double because of the tourism. The two sides of the plot are attached to Aliathon Village, and the road on the other side is leading opposite Neapolis project and the new buildings of Neapolis University. The road in front of Aliathon village and the plot is extended all the way up to the harbor which is the center of the tourist activities and is also attached to the Paphos Archeological side. Along this road there are shops, cafes, bars which they attract the majority of the locals and the tourist. Opposite our plot (the front road) is the ATHINA BEACH HOTEL. The coastline is only 100m from the plot. Plot Size: 10.679m2 Building Density: 30% Coverage: 20% Floors: 2 Height: 10m
Kato Pafos (6km from Pafos main town and 20km from Pafos Airport) which is the main tourist area of Pafos city. Pafos city population is around 80,000 and during Spring-Summer time gets double because of the tourism. The two sides of the plot are attached to Aliathon Village, and the road on the other side is leading opposite Neapolis project and the new buildings of Neapolis University. The road in front of Aliathon village and the plot is extended all the way up to the harbor which is the center of the tourist activities and is also attached to the Paphos Archeological side. Along this road there are shops, cafes, bars which they attract the majority of the locals and the tourist. Opposite our plot (the front road) is the ATHINA BEACH HOTEL. The coastline is only 100m from the plot. Plot Size: 10.679m2 Building Density: 30% Coverage: 20% Floors: 2 Height: 10m
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Currency Exchange
Yeroskipou, Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus 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 €4,500,000 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 |
|---|---|---|---|
| €4,500,000 | £3,707,550 | £3,867,525 | £159,975 |
| Property Price € | €4,500,000 |
| Minimum cost in the last six months | £3,707,550 |
| Maximum cost in the last six months | £3,867,525 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £159,975 |
Yeroskipou, Paphos, Cyprus
Interested in this property? Don't lose out to currency fluctuations changing the price you pay...
Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.
The property buying process in Cyprus 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 €4,500,000 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 |
|---|---|---|---|
| €4,500,000 | £3,707,550 | £3,867,525 | £159,975 |
| Property Price € | €4,500,000 |
| Minimum cost in the last six months | £3,707,550 |
| Maximum cost in the last six months | £3,867,525 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £159,975 |
The exchange rate on the day you make an offer on your property in Cyprus 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 £159,975 more.
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