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Residential in Polis Chrysochous, Paphos
5661, Cyprus
REF: 642267
€1,050,000
Description
Reference ID: #SA28984Price details: 1,050,000 +VATThe property for sale is a residential field in the beautiful Municipality of Polis Chrysochous, in Paphos District.It is situated only 600m south from the beautiful beaches of the area and close to the municipality center, where all necessary amenities and facilities are available. In addition, it enjoys excellent access to the tourist area of Latsi and the neighboring communities.The property has an irregular shape and a flat topography, while it is only 160 meters from the nearest road, which makes it easy to gain access.If legal access is obtained this field will be an ideal investment opportunity for a property developer as it can be developed as single property or divided up into plots.One of the most advantageous aspects of this property is the fact that it is falls within residential zone (Ka6) with high building density of 90%.It is noted that the property falls within ancient monuments area.Planning zone: ?a6Building Coefficient: 90%Coverage Coefficient: 50%Maximum Floors Allowed: 2Maximum Building Height (m): 10PLUS V.A.T
Reference ID: #SA28984Price details: 1,050,000 +VATThe property for sale is a residential field in the beautiful Municipality of Polis Chrysochous, in Paphos District.It is situated only 600m south from the beautiful beaches of the area and close to the municipality center, where all necessary amenities and facilities are available. In addition, it enjoys excellent access to the tourist area of Latsi and the neighboring communities.The property has an irregular shape and a flat topography, while it is only 160 meters from the nearest road, which makes it easy to gain access.If legal access is obtained this field will be an ideal investment opportunity for a property developer as it can be developed as single property or divided up into plots.One of the most advantageous aspects of this property is the fact that it is falls within residential zone (Ka6) with high building density of 90%.It is noted that the property falls within ancient monuments area.Planning zone: ?a6Building Coefficient: 90%Coverage Coefficient: 50%Maximum Floors Allowed: 2Maximum Building Height (m): 10PLUS V.A.T
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Currency Exchange
5661, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £873,474 | £903,651 | £30,177 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £873,474 |
| Maximum cost in the last six months | £903,651 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,177 |
5661, 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 €1,050,000 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 |
|---|---|---|---|
| €1,050,000 | £873,474 | £903,651 | £30,177 |
| Property Price € | €1,050,000 |
| Minimum cost in the last six months | £873,474 |
| Maximum cost in the last six months | £903,651 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £30,177 |
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 £30,177 more.
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