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It is a new development nestled in the heart of Paphos Old Town, positioned perfectly between the highly sought-after areas of Universal and Geroskipou village
Old Town, Paphos, Cyprus
REF: 705033
€250,000
Description
It is a new development nestled in the heart of Paphos Old Town, positioned perfectly between the highly sought-after areas of Universal and Geroskipou village.
Each floor features two 1-bedroom apartments and one 2-bedroom apartment, accompanied by designated parking spaces on the ground floor.
The plot's proximity to all amenities, and the tourist area, alongside the view of Paphos' picturesque seaside, create an ideal environment for the residents. At the same time, the Universal area's popularity for short-term rentals creates higher rental yield opportunities compared to other areas in Paphos. With coastal developments enjoying higher rental yields and capital appreciation in the last few years, it is an excellent opportunity for independent buyers and investors.
You can reach the sea within a ten-minute drive away, with many gorgeous blue-flag beaches. Dine outdoors, watch the sunset, and shop at Kennedy Square and Makariou Avenue, featuring boutiques and a fresh food market.
Please get in touch with Elit Blue to arrange a private viewing.
It is a new development nestled in the heart of Paphos Old Town, positioned perfectly between the highly sought-after areas of Universal and Geroskipou village.
Each floor features two 1-bedroom apartments and one 2-bedroom apartment, accompanied by designated parking spaces on the ground floor.
The plot's proximity to all amenities, and the tourist area, alongside the view of Paphos' picturesque seaside, create an ideal environment for the residents. At the same time, the Universal area's popularity for short-term rentals creates higher rental yield opportunities compared to other areas in Paphos. With coastal developments enjoying higher rental yields and capital appreciation in the last few years, it is an excellent opportunity for independent buyers and investors.
You can reach the sea within a ten-minute drive away, with many gorgeous blue-flag beaches. Dine outdoors, watch the sunset, and shop at Kennedy Square and Makariou Avenue, featuring boutiques and a fresh food market.
Please get in touch with Elit Blue to arrange a private viewing.
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Currency Exchange
Old Town, Paphos, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £208,183 | £215,640 | £7,458 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £208,183 |
| Maximum cost in the last six months | £215,640 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,458 |
Old Town, Paphos, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £208,183 | £215,640 | £7,458 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £208,183 |
| Maximum cost in the last six months | £215,640 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,458 |
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 £7,458 more.
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