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Land, For Sale, Nicosia, Deftera Kato
Deftera Kato, Cyprus
REF: 764927
€550,000
Description
This 6600 sq.m. of residential land is located at Kato Deftera, near Lapatsa area, 25-30 min by car from Nicosia. It is located on the main road Tseri - Deftera. The property has a building license and all relevant licences for children's entertainment park of 1400 sq.m. with restaurant license with 150 seats as well. All studies from architect and civil engineer have been done. The land has paid three-phase electricity 40 KNA, own water well and own road. It is a very good option for a developer as well - could be combined with property L-97872 for dividing it into plots . The land has 60% building density, coverage ratio 35% with allowance of 2 floors up to 8,3 m height.
This 6600 sq.m. of residential land is located at Kato Deftera, near Lapatsa area, 25-30 min by car from Nicosia. It is located on the main road Tseri - Deftera. The property has a building license and all relevant licences for children's entertainment park of 1400 sq.m. with restaurant license with 150 seats as well. All studies from architect and civil engineer have been done. The land has paid three-phase electricity 40 KNA, own water well and own road. It is a very good option for a developer as well - could be combined with property L-97872 for dividing it into plots . The land has 60% building density, coverage ratio 35% with allowance of 2 floors up to 8,3 m height.
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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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £472,698 | £19,553 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,553 |
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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,145 | £472,698 | £19,553 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,145 |
| Maximum cost in the last six months | £472,698 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,553 |
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 £19,553 more.
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