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House Detached in Engomi, Nicosia
5483, Cyprus
REF: 643102
€1,150,000
Description
Reference ID: #20556Price details: 1,150,000This asset is a four-bedroom house in Egkomi, Nicosia.The asset has an area of 345sqm.The ground floor consists of a living room, a dining room, an office, a guest toilet, a kitchen and sitting area.The second floor consists of four en-suite bedrooms (one of them with walking closet and hot tub), a small kitchen and laundry room.There is also a basement of 149sqm accessible via both an internal and an external staircase.It consists of an office, gym area, a cellar, two storage rooms, a bathroom, sauna with changing room and a laundry room.The house has double glazed windows, a swimming pool, a fireplace, and VRV type air condition, underfloor heating and central security system. The immediate area of the property comprises of residential developments that enjoys great accessibility towards Nicosia city centre.
Reference ID: #20556Price details: 1,150,000This asset is a four-bedroom house in Egkomi, Nicosia.The asset has an area of 345sqm.The ground floor consists of a living room, a dining room, an office, a guest toilet, a kitchen and sitting area.The second floor consists of four en-suite bedrooms (one of them with walking closet and hot tub), a small kitchen and laundry room.There is also a basement of 149sqm accessible via both an internal and an external staircase.It consists of an office, gym area, a cellar, two storage rooms, a bathroom, sauna with changing room and a laundry room.The house has double glazed windows, a swimming pool, a fireplace, and VRV type air condition, underfloor heating and central security system. The immediate area of the property comprises of residential developments that enjoys great accessibility towards Nicosia city centre.
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Currency Exchange
5483, 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 €1,150,000 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 |
|---|---|---|---|
| €1,150,000 | £952,557 | £988,368 | £35,811 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £952,557 |
| Maximum cost in the last six months | £988,368 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,811 |
5483, 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 €1,150,000 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 |
|---|---|---|---|
| €1,150,000 | £952,557 | £988,368 | £35,811 |
| Property Price € | €1,150,000 |
| Minimum cost in the last six months | £952,557 |
| Maximum cost in the last six months | £988,368 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £35,811 |
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 £35,811 more.
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