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Marina 2, Ayia Thekla, Famagusta, Cyprus
REF: 573521
€4,600,000
Description
Residential plot in Ayia Thekla with planning permission in place for 26 detached properties - LTHK126.This 16,288m2 plot has a 20% build density and already has planning permission for 12 x 2 storey properties and 14 bungalows on plot.Location in the sought after, Ayia Thekla area, there is a provision for water and electricity in place and the plot already has road access.An excellent investment.Price advertised is EXCLUDING VAT. If applicable VAT may be charged at 19% of the advertised price.Ayia Thekla Ayia Thekla is an emerging residential resort which lies just 6 km west of the cosmopolitan resort of Ayia Napa in Eastern Cyprus. Although residential, many of the properties for sale are popular for holiday rentals due to their close to the sea, quiet location and proximity to Ayia Napa. The church at Ayia Thekla is one of the most photographed spots in Eastern Cyprus as it overlooks a clear blue lagoon which is protected by a small island, making the water very calm. With the pale sands this is the first of many beautiful beaches around the southern tip. The main commercial town of the area, Paralimni, is only 10km away and Larnaca International airport is 45km making it only a thirty minute drive.
Residential plot in Ayia Thekla with planning permission in place for 26 detached properties - LTHK126.This 16,288m2 plot has a 20% build density and already has planning permission for 12 x 2 storey properties and 14 bungalows on plot.Location in the sought after, Ayia Thekla area, there is a provision for water and electricity in place and the plot already has road access.An excellent investment.Price advertised is EXCLUDING VAT. If applicable VAT may be charged at 19% of the advertised price.Ayia Thekla Ayia Thekla is an emerging residential resort which lies just 6 km west of the cosmopolitan resort of Ayia Napa in Eastern Cyprus. Although residential, many of the properties for sale are popular for holiday rentals due to their close to the sea, quiet location and proximity to Ayia Napa. The church at Ayia Thekla is one of the most photographed spots in Eastern Cyprus as it overlooks a clear blue lagoon which is protected by a small island, making the water very calm. With the pale sands this is the first of many beautiful beaches around the southern tip. The main commercial town of the area, Paralimni, is only 10km away and Larnaca International airport is 45km making it only a thirty minute drive.
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Currency Exchange
Marina 2, Ayia Thekla, Famagusta, 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 €4,600,000 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 |
|---|---|---|---|
| €4,600,000 | £3,810,226 | £3,953,470 | £143,244 |
| Property Price € | €4,600,000 |
| Minimum cost in the last six months | £3,810,226 |
| Maximum cost in the last six months | £3,953,470 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £143,244 |
Marina 2, Ayia Thekla, Famagusta, 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 €4,600,000 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 |
|---|---|---|---|
| €4,600,000 | £3,810,226 | £3,953,470 | £143,244 |
| Property Price € | €4,600,000 |
| Minimum cost in the last six months | £3,810,226 |
| Maximum cost in the last six months | £3,953,470 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £143,244 |
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 £143,244 more.
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