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Apartment Flat in Panthea, Limassol
5731, Cyprus
REF: 642653
€650,000
Description
Reference ID: #SA26415Price details: 650,000 +VATThis project is located on the prestigious Panthea hills, from where it enjoys panoramic views of all the city of Limassol all the way down to the sea. Panthea hills are located in Limassol city just above the highway, and more specifically above Mesa Gitonia" roundabout from where you can access any location of Limassol in less than 5 to 10 minutes drive. The area is surrounded by all everyday amenities and is very near to prestigious private schools.The planning permission for this project has just been issued so by September 2021 its construction will begin and its completion is expected to finish by July 2023.Ten large and super luxury apartments will be build in this project in total with communal swimming pool, communal gym and panoramic views of all the city of Limassol all the way down to the sea for every apartment. The two penthouses will have their private roof garden with private swimming pool on top as can be seen in the pictures. The project sits on a 1238m2 corner shape plot offering privacy and spacious parking areas. The ground floor consists of the parking and storage room areas, the communal swimming pool, the communal gym and a private playground by the pool area. Then the first floor is a mechanical floor (three meters high) so the apartments start from the 2nd floor onwards, there are no 1st floor apartments.Last but not least, there is a green park to the north side of this project which belongs to the municipality meaning nobody is allowed to ever build in it, offering extra privacy.Covered area 125 sq.m.Covered veranda 31 sq.m.Completion Date: 1/7/2023PLUS V.A.T
Reference ID: #SA26415Price details: 650,000 +VATThis project is located on the prestigious Panthea hills, from where it enjoys panoramic views of all the city of Limassol all the way down to the sea. Panthea hills are located in Limassol city just above the highway, and more specifically above Mesa Gitonia" roundabout from where you can access any location of Limassol in less than 5 to 10 minutes drive. The area is surrounded by all everyday amenities and is very near to prestigious private schools.The planning permission for this project has just been issued so by September 2021 its construction will begin and its completion is expected to finish by July 2023.Ten large and super luxury apartments will be build in this project in total with communal swimming pool, communal gym and panoramic views of all the city of Limassol all the way down to the sea for every apartment. The two penthouses will have their private roof garden with private swimming pool on top as can be seen in the pictures. The project sits on a 1238m2 corner shape plot offering privacy and spacious parking areas. The ground floor consists of the parking and storage room areas, the communal swimming pool, the communal gym and a private playground by the pool area. Then the first floor is a mechanical floor (three meters high) so the apartments start from the 2nd floor onwards, there are no 1st floor apartments.Last but not least, there is a green park to the north side of this project which belongs to the municipality meaning nobody is allowed to ever build in it, offering extra privacy.Covered area 125 sq.m.Covered veranda 31 sq.m.Completion Date: 1/7/2023PLUS V.A.T
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Currency Exchange
5731, 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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
5731, 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 €650,000 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 |
|---|---|---|---|
| €650,000 | £538,402 | £558,643 | £20,241 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £538,402 |
| Maximum cost in the last six months | £558,643 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,241 |
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 £20,241 more.
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