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Land, For Sale, Nicosia, Latsia, Agios Eleftherios
Latsia, Latsia, Cyprus
REF: 764699
€800,000
Description
Location €¢ This large plot situated in Agios Eleftherios quarter in Latsia, close to all amenities. €¢ Within walking distance, one can find supermarkets, schools, banks, superstores, many shops and other amenities. €¢ Easy access is also available for the Nicosia-Limassol highway. €¢ It is an excellent location which designates an increased demand for residential properties due to its attractiveness and accessibility. Plot Characteristics €¢ It has a regular shape and an even surface. €¢ The property falls within the Residential Zone Kα5, having a building density of 100%. €¢ Total frontage of approximately 77 meters. €¢ Within the property there is an obsolete building, that does not have any economic value. €¢ It is worth noting that the building is vacant and a demolition permit has been issued (which expired in 2020). €¢ It is noted that a planning permit has been issued for the construction of a four-storey building of 19 flats. Advantages - Special Features €¢ Large plot in a high demanded area ideal for land developers and building organizations.
Location €¢ This large plot situated in Agios Eleftherios quarter in Latsia, close to all amenities. €¢ Within walking distance, one can find supermarkets, schools, banks, superstores, many shops and other amenities. €¢ Easy access is also available for the Nicosia-Limassol highway. €¢ It is an excellent location which designates an increased demand for residential properties due to its attractiveness and accessibility. Plot Characteristics €¢ It has a regular shape and an even surface. €¢ The property falls within the Residential Zone Kα5, having a building density of 100%. €¢ Total frontage of approximately 77 meters. €¢ Within the property there is an obsolete building, that does not have any economic value. €¢ It is worth noting that the building is vacant and a demolition permit has been issued (which expired in 2020). €¢ It is noted that a planning permit has been issued for the construction of a four-storey building of 19 flats. Advantages - Special Features €¢ Large plot in a high demanded area ideal for land developers and building organizations.
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Currency Exchange
Latsia, Latsia, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
Latsia, Latsia, 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 €800,000 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 |
|---|---|---|---|
| €800,000 | £662,648 | £687,560 | £24,912 |
| Property Price € | €800,000 |
| Minimum cost in the last six months | £662,648 |
| Maximum cost in the last six months | £687,560 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,912 |
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 £24,912 more.
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