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Residential in Kato Pyrgos, Nicosia
5383, Cyprus
REF: 642965
€3,800,000
Description
Reference ID: #24036Price details: 3,800,000 +VATThe asset consists of 5 adjoining fields in Pigenia, Nicosia District. The asset is located c. 2,5km north-west of the centre of the village, south of the coastal road that leads to Kato Pyrgos community and c. 850 meters west of the Kato Pyrgos harbor. It benefits from a nice view of the area and the sea. 1.Plot with totals 10.368 sqm has an irregular shape and sloping surface, is considered landlocked and falls within an agricultural zone (G3). 2.Plot with totals 26.756 sqm has an irregular shape and sloping surface, falls within an agricultural zone (G3) and abuts a registered footpath (north border). 3.Plot with totals 51.200 sqm has an irregular shape and sloping surface, has a road frontage of circa 240 meters along the coastal road that leads to Kato Pyrgos along its north-east border and falls within a dual residential planning zone (H4 circa 19.456 sqm and H5 circa 31.744 sqm). 4.Plot with totals 12.375sqm and it has an irregular, sharp shape with sloping surface, it is landlocked (c 200 meters south from the nearest registered road), it abuts a river stream (northwest border), it is crossed by a river stream and it falls within residential planning zone (H4). 5.Plot with totals 6.335sqm and it has an irregular, sharp shape with sloping surface, it is landlocked (c 200 meters south from the nearest registered road) and it falls within residential planning zone (H4). The immediate area comprises of some scattered residential developments and in its majority consists of forests and empty parcels of land. PLUS V.A.T
Reference ID: #24036Price details: 3,800,000 +VATThe asset consists of 5 adjoining fields in Pigenia, Nicosia District. The asset is located c. 2,5km north-west of the centre of the village, south of the coastal road that leads to Kato Pyrgos community and c. 850 meters west of the Kato Pyrgos harbor. It benefits from a nice view of the area and the sea. 1.Plot with totals 10.368 sqm has an irregular shape and sloping surface, is considered landlocked and falls within an agricultural zone (G3). 2.Plot with totals 26.756 sqm has an irregular shape and sloping surface, falls within an agricultural zone (G3) and abuts a registered footpath (north border). 3.Plot with totals 51.200 sqm has an irregular shape and sloping surface, has a road frontage of circa 240 meters along the coastal road that leads to Kato Pyrgos along its north-east border and falls within a dual residential planning zone (H4 circa 19.456 sqm and H5 circa 31.744 sqm). 4.Plot with totals 12.375sqm and it has an irregular, sharp shape with sloping surface, it is landlocked (c 200 meters south from the nearest registered road), it abuts a river stream (northwest border), it is crossed by a river stream and it falls within residential planning zone (H4). 5.Plot with totals 6.335sqm and it has an irregular, sharp shape with sloping surface, it is landlocked (c 200 meters south from the nearest registered road) and it falls within residential planning zone (H4). The immediate area comprises of some scattered residential developments and in its majority consists of forests and empty parcels of land. PLUS V.A.T
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Property on Map
Currency Exchange
5383, 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 €3,800,000 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 |
|---|---|---|---|
| €3,800,000 | £3,147,578 | £3,265,910 | £118,332 |
| Property Price € | €3,800,000 |
| Minimum cost in the last six months | £3,147,578 |
| Maximum cost in the last six months | £3,265,910 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £118,332 |
5383, 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 €3,800,000 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 |
|---|---|---|---|
| €3,800,000 | £3,147,578 | £3,265,910 | £118,332 |
| Property Price € | €3,800,000 |
| Minimum cost in the last six months | £3,147,578 |
| Maximum cost in the last six months | £3,265,910 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £118,332 |
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 £118,332 more.
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