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Building, For Sale, Nicosia, Egkomi
Egkomi, Cyprus
REF: 765024
€1,950,000
Description
This project will have 10 one-bedrooms flat from 40 - 50m2 and 6 studios from 35 m2. The verandas are an additional 25% m2 of the net area. Each apartment with 1 parking and 1 warehouse. The project is located at a very close distance from the University. The precise location has access to 1 road. I consider this as a privileged location close to a fast-developing University, where the investment performance yields a respectable amount. Cur ly the University has 11.500 students. The building is sold as a whole and the estimated income performance from ing to students can reach 6% as yield. Please contact me for more information and to arrange a visit at the project.
This project will have 10 one-bedrooms flat from 40 - 50m2 and 6 studios from 35 m2. The verandas are an additional 25% m2 of the net area. Each apartment with 1 parking and 1 warehouse. The project is located at a very close distance from the University. The precise location has access to 1 road. I consider this as a privileged location close to a fast-developing University, where the investment performance yields a respectable amount. Cur ly the University has 11.500 students. The building is sold as a whole and the estimated income performance from ing to students can reach 6% as yield. Please contact me for more information and to arrange a visit at the project.
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Currency Exchange
Egkomi, 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 €1,950,000 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 |
|---|---|---|---|
| €1,950,000 | £1,606,605 | £1,675,928 | £69,323 |
| Property Price € | €1,950,000 |
| Minimum cost in the last six months | £1,606,605 |
| Maximum cost in the last six months | £1,675,928 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £69,323 |
Egkomi, 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 €1,950,000 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 |
|---|---|---|---|
| €1,950,000 | £1,606,605 | £1,675,928 | £69,323 |
| Property Price € | €1,950,000 |
| Minimum cost in the last six months | £1,606,605 |
| Maximum cost in the last six months | £1,675,928 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £69,323 |
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 £69,323 more.
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