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Residential in City Center, Limassol
5687, Cyprus
REF: 683442
€8,000,000
Description
Reference ID: #SA30747Price details: 8,000,000Plot of 1739m2 in the heart of the city center. The plot is situated close to all amenities, banks , restaurants , city center.They are served by all the necessary utilities: electricity, water supply, and telecommunications. The location:Prime location in the City Center (old city)Next to the universityIn the shopping areas750m from the marina and the beachPlanning permit exists for apartment building of 6 floors. The building consists of 16 luxurious Studios, 30 one bedroom apartments and 26 two bedroom apartments.70 residential boutique apartmentsSeparate title deedsGated communityLobby, pool and bar on the roof top with luxury sea view, gym and libraryApartments area: 4826 sq.m.Covered verandas: 1114 sq.m.
Reference ID: #SA30747Price details: 8,000,000Plot of 1739m2 in the heart of the city center. The plot is situated close to all amenities, banks , restaurants , city center.They are served by all the necessary utilities: electricity, water supply, and telecommunications. The location:Prime location in the City Center (old city)Next to the universityIn the shopping areas750m from the marina and the beachPlanning permit exists for apartment building of 6 floors. The building consists of 16 luxurious Studios, 30 one bedroom apartments and 26 two bedroom apartments.70 residential boutique apartmentsSeparate title deedsGated communityLobby, pool and bar on the roof top with luxury sea view, gym and libraryApartments area: 4826 sq.m.Covered verandas: 1114 sq.m.
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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 €8,000,000 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 |
|---|---|---|---|
| €8,000,000 | £6,655,040 | £6,884,960 | £229,920 |
| Property Price € | €8,000,000 |
| Minimum cost in the last six months | £6,655,040 |
| Maximum cost in the last six months | £6,884,960 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £229,920 |
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 €8,000,000 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 |
|---|---|---|---|
| €8,000,000 | £6,655,040 | £6,884,960 | £229,920 |
| Property Price € | €8,000,000 |
| Minimum cost in the last six months | £6,655,040 |
| Maximum cost in the last six months | £6,884,960 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £229,920 |
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 £229,920 more.
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