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House, For Sale, Nicosia, Nicosia Center, Lykavitos
Nicosia Center, Cyprus
REF: 767936
€1,100,000
Description
Once in a lifetime chance to own this unique property! Residential Plot with building located in a quiet area at the heart of Nicosia. Near Landmark Hotel (ex-Hilton). The plot is 661 sqm and offers two options a potential buyer. For a developer it offers the possibility to erect a luxury residential building. The zone allows for 925 sqm internal areas to a maximum height of 17 m plus 20% veranda€™s plus parking and storage on the ground floor For a private buyer it can be renovated in its cur use of two separate apartments 250 sq m each or converted to a single home in one of the most privileged parts of Nicosia. Located in a quiet neighbourhood no more than 5 minutes to the gorgeous park and still combining the benefits of living within only minutes from the vibrant city center. Do not miss out! Call us today to schedule a showing!
Once in a lifetime chance to own this unique property! Residential Plot with building located in a quiet area at the heart of Nicosia. Near Landmark Hotel (ex-Hilton). The plot is 661 sqm and offers two options a potential buyer. For a developer it offers the possibility to erect a luxury residential building. The zone allows for 925 sqm internal areas to a maximum height of 17 m plus 20% veranda€™s plus parking and storage on the ground floor For a private buyer it can be renovated in its cur use of two separate apartments 250 sq m each or converted to a single home in one of the most privileged parts of Nicosia. Located in a quiet neighbourhood no more than 5 minutes to the gorgeous park and still combining the benefits of living within only minutes from the vibrant city center. Do not miss out! Call us today to schedule a showing!
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Currency Exchange
Nicosia Center, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £906,290 | £945,395 | £39,105 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £906,290 |
| Maximum cost in the last six months | £945,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £39,105 |
Nicosia Center, 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 €1,100,000 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 |
|---|---|---|---|
| €1,100,000 | £906,290 | £945,395 | £39,105 |
| Property Price € | €1,100,000 |
| Minimum cost in the last six months | £906,290 |
| Maximum cost in the last six months | £945,395 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £39,105 |
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 £39,105 more.
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