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Tourist in Agia Napa, Famagusta
5721, Cyprus
REF: 642600
€12,000,000
Description
Reference ID: #SA26700Price details: 12,000,000 +VATAn amazing Beach front plot within the Tourist zone in a quiet and attractive location in the renown resort of Agia Napa area, Famagusta District.The property is located close to all necessary amenities and services and surrounded by luxury hotels and directly on sandy beach.The plot is adequate for investment proposes for any Touristic development such as luxury beach villas, hotel apartments or boutique/suite hotel.A unified property with an almost rectangular shape and a level surface which makes it easy for development.The low building density quarantees a peacefull living enviroment with ample green spaces around.The plot is owned by a company therefore no vat applies if company is purchased by the potential investor/buyer.Net Plot size: 14700 sq.mBuilding density: 15%This can be considered as an attractive investment opportunity.PLUS V.A.T
Reference ID: #SA26700Price details: 12,000,000 +VATAn amazing Beach front plot within the Tourist zone in a quiet and attractive location in the renown resort of Agia Napa area, Famagusta District.The property is located close to all necessary amenities and services and surrounded by luxury hotels and directly on sandy beach.The plot is adequate for investment proposes for any Touristic development such as luxury beach villas, hotel apartments or boutique/suite hotel.A unified property with an almost rectangular shape and a level surface which makes it easy for development.The low building density quarantees a peacefull living enviroment with ample green spaces around.The plot is owned by a company therefore no vat applies if company is purchased by the potential investor/buyer.Net Plot size: 14700 sq.mBuilding density: 15%This can be considered as an attractive investment opportunity.PLUS V.A.T
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Currency Exchange
5721, 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 €12,000,000 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 |
|---|---|---|---|
| €12,000,000 | £9,939,720 | £10,313,400 | £373,680 |
| Property Price € | €12,000,000 |
| Minimum cost in the last six months | £9,939,720 |
| Maximum cost in the last six months | £10,313,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £373,680 |
5721, 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 €12,000,000 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 |
|---|---|---|---|
| €12,000,000 | £9,939,720 | £10,313,400 | £373,680 |
| Property Price € | €12,000,000 |
| Minimum cost in the last six months | £9,939,720 |
| Maximum cost in the last six months | £10,313,400 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £373,680 |
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 £373,680 more.
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