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Land, For Sale, Paphos, Polis Chrysochous
Polis Chrysochous, Cyprus
REF: 770240
€3,500,000
Description
-There is a possibility to adjust/require a larger piece of land if requested which is next to this lovely land. - There is an officially registered passage to access the land.- Future possibility to continue the existing road next to the land, which will allow the new owner to apply to build a large Hotel. - The existing owner has plans and a license to build a 511m2 villa which can be transferred to the new owner. - This property has a flat surface and is right on the beach offering amazing views of the sea and the area of Akamas. - There are services and facilities within a 3 to 5 minutes drive: Sports facilities, restaurants, Hotels, bars supermarkets, and much more. - The building factor is 35% (3699sq.m) but with the possibility for the new owner to apply to the Town planning Department and get approval for 15% additional on the existing building zone. - Perfect property for Hotel resort.
-There is a possibility to adjust/require a larger piece of land if requested which is next to this lovely land. - There is an officially registered passage to access the land.- Future possibility to continue the existing road next to the land, which will allow the new owner to apply to build a large Hotel. - The existing owner has plans and a license to build a 511m2 villa which can be transferred to the new owner. - This property has a flat surface and is right on the beach offering amazing views of the sea and the area of Akamas. - There are services and facilities within a 3 to 5 minutes drive: Sports facilities, restaurants, Hotels, bars supermarkets, and much more. - The building factor is 35% (3699sq.m) but with the possibility for the new owner to apply to the Town planning Department and get approval for 15% additional on the existing building zone. - Perfect property for Hotel resort.
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Currency Exchange
Polis Chrysochous, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,883,650 | £2,968,350 | £84,700 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £2,968,350 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £84,700 |
Polis Chrysochous, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,883,650 | £2,968,350 | £84,700 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,883,650 |
| Maximum cost in the last six months | £2,968,350 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £84,700 |
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 £84,700 more.
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