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Residential in City Center, Limassol
5687, Cyprus
REF: 674566
€2,475,000
Description
Reference ID: #SA30583Price details: 2,475,000The properties are located in Agias Trias quarter, within Limassol Municipality.The plots are located in the heart of Limassol city , in a close proximity of Glasthonos and commercial Axartisias streets, the Limassol Castle the Marina and the Molos seaside Park with restaurants and nightlifeThe subject area is mainly characterised by residential dwellings, shops, restaurants, schools, banks, gym, supermarkets and almost every type of service. They are served by all the necessary utilities: electricity, water supply, and telecommunications. The properties falls into Residential zone ?a9 , with maximum building density of 160%.There are buildings on the plots and one of them is a listed plot offering various governmental benefits including tax exempt from rental incomeTotal plots size is 1188 m2 and can built as follows (listed property 467m2)22 Studios 969m2, Common areas 278m2, Mezzanine 140m2 , Offices 200m2, Lobby 60m2, Roof Garden 300m2 and basement 515m m2 plus covered verandas Preliminary drawings and architects study have been submitted for planning permit Early October 2023 and can be supplied upon request with full drawings and 3Ds
Reference ID: #SA30583Price details: 2,475,000The properties are located in Agias Trias quarter, within Limassol Municipality.The plots are located in the heart of Limassol city , in a close proximity of Glasthonos and commercial Axartisias streets, the Limassol Castle the Marina and the Molos seaside Park with restaurants and nightlifeThe subject area is mainly characterised by residential dwellings, shops, restaurants, schools, banks, gym, supermarkets and almost every type of service. They are served by all the necessary utilities: electricity, water supply, and telecommunications. The properties falls into Residential zone ?a9 , with maximum building density of 160%.There are buildings on the plots and one of them is a listed plot offering various governmental benefits including tax exempt from rental incomeTotal plots size is 1188 m2 and can built as follows (listed property 467m2)22 Studios 969m2, Common areas 278m2, Mezzanine 140m2 , Offices 200m2, Lobby 60m2, Roof Garden 300m2 and basement 515m m2 plus covered verandas Preliminary drawings and architects study have been submitted for planning permit Early October 2023 and can be supplied upon request with full drawings and 3Ds
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Currency Exchange
5687, 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 €2,475,000 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 |
|---|---|---|---|
| €2,475,000 | £2,050,067 | £2,127,139 | £77,072 |
| Property Price € | €2,475,000 |
| Minimum cost in the last six months | £2,050,067 |
| Maximum cost in the last six months | £2,127,139 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,072 |
5687, 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 €2,475,000 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 |
|---|---|---|---|
| €2,475,000 | £2,050,067 | £2,127,139 | £77,072 |
| Property Price € | €2,475,000 |
| Minimum cost in the last six months | £2,050,067 |
| Maximum cost in the last six months | £2,127,139 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £77,072 |
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 £77,072 more.
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