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Land, For Sale, Nicosia, Strovolos
Strovolos, Cyprus
REF: 770046
€980,000
Description
The property is a residential plot with total area of 1.452 sqm in Strovolos, Nicosia. It is near the Engomi K-Cineplex. The property has a rather trapezium shape with total frontage of 53 meters. Its surface is flat and slightly uneven. Due to the altitude compared to the road level, as well as the altitude of the other properties in the immediate area, the property enjoys undisturbed view. The immediate area is one of the most attractive residential areas of Nicosia. The wider area is characterized by middle and upper class developments of detached and semi-detached houses, division of land into large plots of land, as well as some commercial developments. The property enjoys good accessibility towards the Nicosia city centre and the surrounding areas. The asset falls within the Residential Planning Zone Κα6, with building density coefficient of 90%, coverage coefficient 50%, in 2 floors and 10/8.30 metres height. All urban features must be checked with the proper authorities.
The property is a residential plot with total area of 1.452 sqm in Strovolos, Nicosia. It is near the Engomi K-Cineplex. The property has a rather trapezium shape with total frontage of 53 meters. Its surface is flat and slightly uneven. Due to the altitude compared to the road level, as well as the altitude of the other properties in the immediate area, the property enjoys undisturbed view. The immediate area is one of the most attractive residential areas of Nicosia. The wider area is characterized by middle and upper class developments of detached and semi-detached houses, division of land into large plots of land, as well as some commercial developments. The property enjoys good accessibility towards the Nicosia city centre and the surrounding areas. The asset falls within the Residential Planning Zone Κα6, with building density coefficient of 90%, coverage coefficient 50%, in 2 floors and 10/8.30 metres height. All urban features must be checked with the proper authorities.
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Currency Exchange
Strovolos, 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 €980,000 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 |
|---|---|---|---|
| €980,000 | £807,422 | £842,261 | £34,839 |
| Property Price € | €980,000 |
| Minimum cost in the last six months | £807,422 |
| Maximum cost in the last six months | £842,261 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,839 |
Strovolos, 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 €980,000 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 |
|---|---|---|---|
| €980,000 | £807,422 | £842,261 | £34,839 |
| Property Price € | €980,000 |
| Minimum cost in the last six months | £807,422 |
| Maximum cost in the last six months | £842,261 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £34,839 |
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 £34,839 more.
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