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Land, For Sale, Nicosia, Agios Dometios
Agios Dometios, Cyprus
REF: 768804
€350,000
Description
Unique opportunity for developing a building close to the University of Nicosia. The owner is also interested for partly exchanging the property with an apartment with value up to 250,000euro at an attractive area. Also, the buyers on the specific building will be allowed to receive government grant since it is close to the Green Line. The plot is located on Dimokratias Avenue at Agios Dometios at a 1,100m distance from the University. The surface area of the plot is 697sm and has more than 21m street front.The zone is commercial 140% so it can build up to 975sm. The price per buildable sm is 380euro and you also need to consider that the developer can suggest for a flat to exchange. A suggestion can be building a ground floor shop with a lot of visibility since there is enough traffic on the specific avenue and flats that can be ed easily to the University students. Excellent opportunity for a development company.
Unique opportunity for developing a building close to the University of Nicosia. The owner is also interested for partly exchanging the property with an apartment with value up to 250,000euro at an attractive area. Also, the buyers on the specific building will be allowed to receive government grant since it is close to the Green Line. The plot is located on Dimokratias Avenue at Agios Dometios at a 1,100m distance from the University. The surface area of the plot is 697sm and has more than 21m street front.The zone is commercial 140% so it can build up to 975sm. The price per buildable sm is 380euro and you also need to consider that the developer can suggest for a flat to exchange. A suggestion can be building a ground floor shop with a lot of visibility since there is enough traffic on the specific avenue and flats that can be ed easily to the University students. Excellent opportunity for a development company.
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Currency Exchange
Agios Dometios, 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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,365 | £300,808 | £12,443 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,365 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,443 |
Agios Dometios, 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 €350,000 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 |
|---|---|---|---|
| €350,000 | £288,365 | £300,808 | £12,443 |
| Property Price € | €350,000 |
| Minimum cost in the last six months | £288,365 |
| Maximum cost in the last six months | £300,808 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £12,443 |
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 £12,443 more.
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