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Land, For Sale, Nicosia, Deftera Kato
Deftera Kato, Cyprus
REF: 764146
€240,000
Description
The property is a residential field with total area of 1.747 sqm in Kato Deftera, Nicosia. It is adjacent to a public road (dead end) on its southern boundary.The property has a rectangular shape with total frontage of 20 meters. Its surface is flat and even. The asset is covered from water, electricity and telecommunication services.Deftera community is located south of Nicosia and has been substantially developed over the last few years. The wider area comprises of average quality houses which are located close to the community centre, as well as large areas of undeveloped land. The immediate area is characterized by scattered high value houses developed along the main road. The property has good accessibility towards Lakatamia and Tseri area and access to an ample amount of amenities and facilities. The asset falls within the Residential Planning Zone H2, with building density coefficient of 90%, coverage coefficient 50%, in 2 floors and 8.30 metres height. All urban features must be checked with the proper authorities.
The property is a residential field with total area of 1.747 sqm in Kato Deftera, Nicosia. It is adjacent to a public road (dead end) on its southern boundary.The property has a rectangular shape with total frontage of 20 meters. Its surface is flat and even. The asset is covered from water, electricity and telecommunication services.Deftera community is located south of Nicosia and has been substantially developed over the last few years. The wider area comprises of average quality houses which are located close to the community centre, as well as large areas of undeveloped land. The immediate area is characterized by scattered high value houses developed along the main road. The property has good accessibility towards Lakatamia and Tseri area and access to an ample amount of amenities and facilities. The asset falls within the Residential Planning Zone H2, with building density coefficient of 90%, coverage coefficient 50%, in 2 floors and 8.30 metres height. All urban features must be checked with the proper authorities.
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Currency Exchange
Deftera Kato, 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £197,736 | £206,268 | £8,532 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £197,736 |
| Maximum cost in the last six months | £206,268 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,532 |
Deftera Kato, 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 €240,000 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 |
|---|---|---|---|
| €240,000 | £197,736 | £206,268 | £8,532 |
| Property Price € | €240,000 |
| Minimum cost in the last six months | £197,736 |
| Maximum cost in the last six months | £206,268 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,532 |
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 £8,532 more.
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