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Land, For Sale, Nicosia, Geri
Geri, Cyprus, Geri, Cyprus
REF: 768673
€600,000
Description
Excellent location residential land of 1896sqm with flat elevation in Geri. Location €¢ Residential land in a lοvely and central location in Geri. €¢ The property is ideally located in a desirable area with convenient access to the Highway. Land characteristics €¢ Nice flat land. €¢ The land is of 1896sqm, has a regular shape, with a total frontage of 44 meters (approx.). €¢ Building density 80% €¢ Coverage ratio 45% €¢ Can built up to 2 floors. Advantages -Special Features €¢ Perfect location. €¢ The land falls within the Residential Zone Ka7, which allows the construction of a two-storey building. €¢ It is ideal for various development purposes and a very attractive investment opportunity. Furthermore there is a two floor, 5 bedroom house built on the land, in good condition. The house was built in 1992. The construction is anti-seismic, with double walls and double glazing windows for thermal and sound insulation. It consists of 5 bedrooms, 3 bathrooms and a separate independent bedroom on the ground floor of the house with its own shower room. It has a large kitchen with sitting area and separate living room with dining area. Also 3 covered terraces and garage. It has a huge courtyard in which a swimming pool could be installed.
Excellent location residential land of 1896sqm with flat elevation in Geri. Location €¢ Residential land in a lοvely and central location in Geri. €¢ The property is ideally located in a desirable area with convenient access to the Highway. Land characteristics €¢ Nice flat land. €¢ The land is of 1896sqm, has a regular shape, with a total frontage of 44 meters (approx.). €¢ Building density 80% €¢ Coverage ratio 45% €¢ Can built up to 2 floors. Advantages -Special Features €¢ Perfect location. €¢ The land falls within the Residential Zone Ka7, which allows the construction of a two-storey building. €¢ It is ideal for various development purposes and a very attractive investment opportunity. Furthermore there is a two floor, 5 bedroom house built on the land, in good condition. The house was built in 1992. The construction is anti-seismic, with double walls and double glazing windows for thermal and sound insulation. It consists of 5 bedrooms, 3 bathrooms and a separate independent bedroom on the ground floor of the house with its own shower room. It has a large kitchen with sitting area and separate living room with dining area. Also 3 covered terraces and garage. It has a huge courtyard in which a swimming pool could be installed.
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Currency Exchange
Geri, Cyprus, Geri, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £494,340 | £515,670 | £21,330 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £494,340 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,330 |
Geri, Cyprus, Geri, 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 €600,000 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 |
|---|---|---|---|
| €600,000 | £494,340 | £515,670 | £21,330 |
| Property Price € | €600,000 |
| Minimum cost in the last six months | £494,340 |
| Maximum cost in the last six months | £515,670 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,330 |
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 £21,330 more.
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