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Residential in Strovolos, Nicosia
5709, Cyprus
REF: 643233
€1,300,000
Description
Reference ID: #18172Price details: 1,300,000The property is a field of 7,167 sqm, located in strovolos area in Nicosia.The property benefits from road frontage of 13m along a registered public asphalted road. It has the potential to be covered by all the utility services i.e. electricity, water and telecommunication.The asset has an active planning permit for division into 7 plots ranging from 525 sqm to 955 sqm.The surrounding area of the plot is characterised by average to high-end residential developments. Properties in this area benefit from easy access to the Nicosia - Limassol motorway.The property is zoned as ?a7 (residential) with 80% building density, 45% coverage, 2 floors and a maximum height of 10-8.3m. PLUS V.A.T
Reference ID: #18172Price details: 1,300,000The property is a field of 7,167 sqm, located in strovolos area in Nicosia.The property benefits from road frontage of 13m along a registered public asphalted road. It has the potential to be covered by all the utility services i.e. electricity, water and telecommunication.The asset has an active planning permit for division into 7 plots ranging from 525 sqm to 955 sqm.The surrounding area of the plot is characterised by average to high-end residential developments. Properties in this area benefit from easy access to the Nicosia - Limassol motorway.The property is zoned as ?a7 (residential) with 80% building density, 45% coverage, 2 floors and a maximum height of 10-8.3m. PLUS V.A.T
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Currency Exchange
5709, 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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,076,803 | £1,117,285 | £40,482 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,076,803 |
| Maximum cost in the last six months | £1,117,285 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,482 |
5709, 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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,076,803 | £1,117,285 | £40,482 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,076,803 |
| Maximum cost in the last six months | £1,117,285 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £40,482 |
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 £40,482 more.
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