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Land, For Sale, Paphos, Neo Chorio
Neo Chorio, Cyprus
REF: 766068
€1,132,000
Description
This property comprises of six different parcels of land in Neo Chorio, Paphos. It is located c. 1,7km southwest of Neo Chorio village and c. 4,6km southwest of Latsi fishing shelter. It has a total area of 162,562sqm and abuts a registered footpath along its south border. The asset falls within the Natura 2000 protection area. The immediate area comprises of agricultural and undeveloped parcels of land. It falls within three planning zones: -Agricultural planning zone Γα4 with 10% building density, 10% coverage, 2 floors and a maximum height of 7m. -Agricultural planning zone Γα2 with 6% building density, 6% coverage, 1 floor and a maximum height of 5m. -Protection planning zone Δα1 with 0,5% building density, 0,5% coverage, 1 floor and a maximum height of 5m
This property comprises of six different parcels of land in Neo Chorio, Paphos. It is located c. 1,7km southwest of Neo Chorio village and c. 4,6km southwest of Latsi fishing shelter. It has a total area of 162,562sqm and abuts a registered footpath along its south border. The asset falls within the Natura 2000 protection area. The immediate area comprises of agricultural and undeveloped parcels of land. It falls within three planning zones: -Agricultural planning zone Γα4 with 10% building density, 10% coverage, 2 floors and a maximum height of 7m. -Agricultural planning zone Γα2 with 6% building density, 6% coverage, 1 floor and a maximum height of 5m. -Protection planning zone Δα1 with 0,5% building density, 0,5% coverage, 1 floor and a maximum height of 5m
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Currency Exchange
Neo Chorio, 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 €1,132,000 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 |
|---|---|---|---|
| €1,132,000 | £948,695 | £976,418 | £27,723 |
| Property Price € | €1,132,000 |
| Minimum cost in the last six months | £948,695 |
| Maximum cost in the last six months | £976,418 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,723 |
Neo Chorio, 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 €1,132,000 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 |
|---|---|---|---|
| €1,132,000 | £948,695 | £976,418 | £27,723 |
| Property Price € | €1,132,000 |
| Minimum cost in the last six months | £948,695 |
| Maximum cost in the last six months | £976,418 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,723 |
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 £27,723 more.
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