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Residential in Ayios Tychonas, Limassol
5636, Cyprus
REF: 642869
€9,000,000
Description
Reference ID: #SA25171Price details: 9,000,000 +VATThe property is a residential 40(%) and agricultural (60%) plot of land with total area of 34894 sqm located in Agios Tychonas, Limassol district.The immediate area is considered to be one of the best residential areas in Limassol area and is characterised by upper income residential houses. Assets in this area benefit from easy access to Nicosia Limassol Highway. The asset falls within two Planning Zone ?a10 and Ga6. ?a10-with a building density coefficient of 30% and a coverage coefficient of 20%, over 2 floors and 10 m maximum height. Ga6-with a building density coefficient of 20% and a coverage coefficient of 15%, over 2 floors and 7 m maximum height. The property is adjacent to the property id: 21570PLUS V.A.T
Reference ID: #SA25171Price details: 9,000,000 +VATThe property is a residential 40(%) and agricultural (60%) plot of land with total area of 34894 sqm located in Agios Tychonas, Limassol district.The immediate area is considered to be one of the best residential areas in Limassol area and is characterised by upper income residential houses. Assets in this area benefit from easy access to Nicosia Limassol Highway. The asset falls within two Planning Zone ?a10 and Ga6. ?a10-with a building density coefficient of 30% and a coverage coefficient of 20%, over 2 floors and 10 m maximum height. Ga6-with a building density coefficient of 20% and a coverage coefficient of 15%, over 2 floors and 7 m maximum height. The property is adjacent to the property id: 21570PLUS V.A.T
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Currency Exchange
5636, 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 €9,000,000 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 |
|---|---|---|---|
| €9,000,000 | £7,454,790 | £7,735,050 | £280,260 |
| Property Price € | €9,000,000 |
| Minimum cost in the last six months | £7,454,790 |
| Maximum cost in the last six months | £7,735,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £280,260 |
5636, 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 €9,000,000 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 |
|---|---|---|---|
| €9,000,000 | £7,454,790 | £7,735,050 | £280,260 |
| Property Price € | €9,000,000 |
| Minimum cost in the last six months | £7,454,790 |
| Maximum cost in the last six months | £7,735,050 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £280,260 |
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 £280,260 more.
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