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Residential in Polemidia Kato, Limassol
5476, Cyprus
REF: 733985
€2,200,000
Description
Reference ID: #SA32314Price details: 2,200,000Three well located adjacent plots of land totalling 1,705 sqm are available for sale in the Panagia Evangelistria area, in Kato Polemidia, Limassol. The wider area consists of mid and high specification residential developments (detached and semi-detached houses, residential blocks of flats) as well as commercial developments like showrooms and offices. The properties in this area have good proximity to the Limassol city centre and other Metropolitan areas as they have easy access to the Limassol-Nicosia motorway. The asset has unique characteristics (excellent location, size and planning zone), offering flexibility to potential investors who seek land for residential purposes The plot falls into planning zone Ka6 (residential) allowing 90% building density, 50% coverage, 3 floors and a maximum height of 13,5m.
Reference ID: #SA32314Price details: 2,200,000Three well located adjacent plots of land totalling 1,705 sqm are available for sale in the Panagia Evangelistria area, in Kato Polemidia, Limassol. The wider area consists of mid and high specification residential developments (detached and semi-detached houses, residential blocks of flats) as well as commercial developments like showrooms and offices. The properties in this area have good proximity to the Limassol city centre and other Metropolitan areas as they have easy access to the Limassol-Nicosia motorway. The asset has unique characteristics (excellent location, size and planning zone), offering flexibility to potential investors who seek land for residential purposes The plot falls into planning zone Ka6 (residential) allowing 90% building density, 50% coverage, 3 floors and a maximum height of 13,5m.
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Currency Exchange
5476, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
5476, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,822,282 | £1,890,790 | £68,508 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,822,282 |
| Maximum cost in the last six months | £1,890,790 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £68,508 |
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 £68,508 more.
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