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House, For Sale, Larnaca, Drosia
Drosia, Cyprus
REF: 766838
€450,000
Description
This dual living family home combines convenience of location with ease of living allowing you the opportunity to live in the upper or lower and reap the benefits of renting the other, with separate entrances, 2 kitchens, 2 living spaces and 3 bedrooms upstairs and 3 downstairs its an ideal investment/livingopportunity. For a larger family or space you can easily combine the upper and lower to make an amazing large family home in the heart of Larnaca. The upper house is beautifully renovated and ready to move in and enjoy all that is to offer, the lower house can be rentedas is or renovated to meet your needs. Sought after location, close to many amenities, 20 min walk to Finikoudes/old town Larnaca, home to a large variety of restaurants, nightlifeand attractions, not to mention the famous Finikoudesbeach where you can enjoy the gorgeous Mediterraneansea andvariousbeach activities.
This dual living family home combines convenience of location with ease of living allowing you the opportunity to live in the upper or lower and reap the benefits of renting the other, with separate entrances, 2 kitchens, 2 living spaces and 3 bedrooms upstairs and 3 downstairs its an ideal investment/livingopportunity. For a larger family or space you can easily combine the upper and lower to make an amazing large family home in the heart of Larnaca. The upper house is beautifully renovated and ready to move in and enjoy all that is to offer, the lower house can be rentedas is or renovated to meet your needs. Sought after location, close to many amenities, 20 min walk to Finikoudes/old town Larnaca, home to a large variety of restaurants, nightlifeand attractions, not to mention the famous Finikoudesbeach where you can enjoy the gorgeous Mediterraneansea andvariousbeach activities.
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Currency Exchange
Drosia, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
Drosia, 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 €450,000 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 |
|---|---|---|---|
| €450,000 | £372,740 | £386,753 | £14,013 |
| Property Price € | €450,000 |
| Minimum cost in the last six months | £372,740 |
| Maximum cost in the last six months | £386,753 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,013 |
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 £14,013 more.
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