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Large plot of residential land for sale in Peyia Village near Amenities with road access and telephone line, electricity and water available
Acheleia, Paphos, Cyprus
REF: 114881
€2,250,000
Description
Large plot of residential land for sale in Peyia Village near Amenities with road access and telephone line, electricity and water available. Size: 9.031 square meters Net available plot after deductions for road and green area: 8.400 square meters Density factor: 30% (Total building permit: 2.500 square meters covered area) Good prospects for increased density factor in the near future 2 floor buildings with maximum height of 8,30 meters are permitted (basement is also possible apart from the 2 floors) The plot can easily be divided to 12 separate plots of 700 square meters and a luxurious house with 210 square meters covered area (apart from the basement) can be constructed to each plot. The development of 12 luxurious houses is an indication. The investor can develop his own plans with less or more houses and even with any other kind of development. The plot is located in the most prestigious area of Pegeia (Agios Dimitrios - Gyros tis Rizas). It is very close to Coral Bay, to the Marina area and to Saint George area. (Beach: 10 min Drive, Airport: 35 min Drive, Golf: 30 min drive) The plot has undisturbed seaviews and uninterrupted views to Coral Bay and St. George as well as to Mountains and to all surmounting areas. Without building anything, you can just sit in the land and enjoy undisturbed view. Imagine when you build for example a 2-floor house. The plot is free from any mortgage and the title deeds can be issued within one day.
Large plot of residential land for sale in Peyia Village near Amenities with road access and telephone line, electricity and water available. Size: 9.031 square meters Net available plot after deductions for road and green area: 8.400 square meters Density factor: 30% (Total building permit: 2.500 square meters covered area) Good prospects for increased density factor in the near future 2 floor buildings with maximum height of 8,30 meters are permitted (basement is also possible apart from the 2 floors) The plot can easily be divided to 12 separate plots of 700 square meters and a luxurious house with 210 square meters covered area (apart from the basement) can be constructed to each plot. The development of 12 luxurious houses is an indication. The investor can develop his own plans with less or more houses and even with any other kind of development. The plot is located in the most prestigious area of Pegeia (Agios Dimitrios - Gyros tis Rizas). It is very close to Coral Bay, to the Marina area and to Saint George area. (Beach: 10 min Drive, Airport: 35 min Drive, Golf: 30 min drive) The plot has undisturbed seaviews and uninterrupted views to Coral Bay and St. George as well as to Mountains and to all surmounting areas. Without building anything, you can just sit in the land and enjoy undisturbed view. Imagine when you build for example a 2-floor house. The plot is free from any mortgage and the title deeds can be issued within one day.
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Currency Exchange
Acheleia, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,863,698 | £1,933,763 | £70,065 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,863,698 |
| Maximum cost in the last six months | £1,933,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,065 |
Acheleia, 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 €2,250,000 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 |
|---|---|---|---|
| €2,250,000 | £1,863,698 | £1,933,763 | £70,065 |
| Property Price € | €2,250,000 |
| Minimum cost in the last six months | £1,863,698 |
| Maximum cost in the last six months | £1,933,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £70,065 |
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 £70,065 more.
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