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Seafront Residences are a luxury residential project being advantageously located directly on the water, sheltered by a picturesque cove, providing the setting for a unique vacationing and living experience
Chloraka, Paphos, Cyprus
REF: 115328
€4,500,000
Description
Seafront Residences are a luxury residential project being advantageously located directly on the water, sheltered by a picturesque cove, providing the setting for a unique vacationing and living experience. The site is positioned directly on the Mediterranean Sea adjacent to a protected wildlife reserve with breathtaking views and geographically provided privacy. Luxury Seafront Residences' stunning seafront location is the ultimate in luxurious and harmonious island living. Imagine a private beach that is steps from your elite new property, but also five minutes from the city center of Paphos. Located in lower Chlorakas village, with its lively community of seafront tavernas, live music bars, supermarkets and, not far away, the ancient attraction Tombs of the Kings and famous Coral Bay beach. The plot is sweeping in size at 4000 sqm; each of the five luxury penthouses will be over 200 sqm with 2-5 bedrooms with ensuite bathrooms. Each penthouse features an airy living space with foyer and high ceilings, stunning sea views that can be enjoyed from the vast terraces and private pools. Joint facilities include automatic valet parking, business center, fitness center and spa, 24-hour concierge service, sauna and a stunning private beach. These secluded residences will also overlook a private docking facility that is the gateway into the heaven of the gods.
Seafront Residences are a luxury residential project being advantageously located directly on the water, sheltered by a picturesque cove, providing the setting for a unique vacationing and living experience. The site is positioned directly on the Mediterranean Sea adjacent to a protected wildlife reserve with breathtaking views and geographically provided privacy. Luxury Seafront Residences' stunning seafront location is the ultimate in luxurious and harmonious island living. Imagine a private beach that is steps from your elite new property, but also five minutes from the city center of Paphos. Located in lower Chlorakas village, with its lively community of seafront tavernas, live music bars, supermarkets and, not far away, the ancient attraction Tombs of the Kings and famous Coral Bay beach. The plot is sweeping in size at 4000 sqm; each of the five luxury penthouses will be over 200 sqm with 2-5 bedrooms with ensuite bathrooms. Each penthouse features an airy living space with foyer and high ceilings, stunning sea views that can be enjoyed from the vast terraces and private pools. Joint facilities include automatic valet parking, business center, fitness center and spa, 24-hour concierge service, sauna and a stunning private beach. These secluded residences will also overlook a private docking facility that is the gateway into the heaven of the gods.
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Currency Exchange
Chloraka, 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 | £3,727,395 | £3,867,525 | £140,130 |
| Property Price € | €4,500,000 |
| Minimum cost in the last six months | £3,727,395 |
| 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 | £140,130 |
Chloraka, 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 | £3,727,395 | £3,867,525 | £140,130 |
| Property Price € | €4,500,000 |
| Minimum cost in the last six months | £3,727,395 |
| 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 | £140,130 |
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 £140,130 more.
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