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This unique, individually designed house has outstanding views of the countryside and is located in a quiet area, on a large plot which has vast potential
Polemi, Paphos, Cyprus
REF: 115824
€950,000
Description
This unique, individually designed house has outstanding views of the countryside and is located in a quiet area, on a large plot which has vast potential. Polemi is ideally situated between Paphos and Polis Paphos being 22kms away and Polis 20kms. The village has three restaurants, three coffee shops, three supermarkets and a couple of kiosks. The school in Polemi serves the surrounding villages too with buses bringing the 11-16 year olds in daily. Polemi has many churches, the oldest being the church of Panagia Chryseleousa which was built in the 13/14th century and is now a protected building. In Polemi, you can while away the hours admiring the fantastic mountain views, or take in a round of golf in nearby Tsada or why not try to land a fish or too at the nearby Evretou Dam. If you re more interested in the history of the village, visit the cultural centre which was built in the 1100s and has been renovated with many ancient artefacts. Polemi is a thriving village with a couple of banks, a butcher s, a bakery, a flower shop and even a small winery. There is a bigger wine warehouse being built on the outskirts of Polemi and if you drive around, you can see why a bigger winery is needed. Everywhere you look there are vines.Polemi would be an ideal choice if you wanted to combine traditional village life with the convenience and variety of a small town
This unique, individually designed house has outstanding views of the countryside and is located in a quiet area, on a large plot which has vast potential. Polemi is ideally situated between Paphos and Polis Paphos being 22kms away and Polis 20kms. The village has three restaurants, three coffee shops, three supermarkets and a couple of kiosks. The school in Polemi serves the surrounding villages too with buses bringing the 11-16 year olds in daily. Polemi has many churches, the oldest being the church of Panagia Chryseleousa which was built in the 13/14th century and is now a protected building. In Polemi, you can while away the hours admiring the fantastic mountain views, or take in a round of golf in nearby Tsada or why not try to land a fish or too at the nearby Evretou Dam. If you re more interested in the history of the village, visit the cultural centre which was built in the 1100s and has been renovated with many ancient artefacts. Polemi is a thriving village with a couple of banks, a butcher s, a bakery, a flower shop and even a small winery. There is a bigger wine warehouse being built on the outskirts of Polemi and if you drive around, you can see why a bigger winery is needed. Everywhere you look there are vines.Polemi would be an ideal choice if you wanted to combine traditional village life with the convenience and variety of a small town
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Currency Exchange
Polemi, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £797,145 | £819,432 | £22,287 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £797,145 |
| Maximum cost in the last six months | £819,432 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,287 |
Polemi, 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 €950,000 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 |
|---|---|---|---|
| €950,000 | £797,145 | £819,432 | £22,287 |
| Property Price € | €950,000 |
| Minimum cost in the last six months | £797,145 |
| Maximum cost in the last six months | £819,432 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,287 |
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 £22,287 more.
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