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Building, For Sale, Paphos, Polis Chrysochous
Polis Chrysochous, Cyprus
REF: 770705
€1,650,000
Description
The unit is a touristic hotel-apartments complex in Polis Chrysochous.Polis and Latchi are considered the ''last remaining castle'' - the only unspoiled and not overdeveloped area on the island. Picturesque - Scenic - Deep Blue Colours...................Little villages and areas all around with 2 small Marinas in short distance Latchi and the fishing harbor of Pomos makes this area the paradise someone could dream of. The property is located 1,5km from Polis Chrysochous center and just 150m from the beach.The complex consists of a reception area, four studios, three 2 bedroom apartments, nine 1 bedroom apartments and a basement.It has a total covered area of 940sqm.It is built within an area of 3,171sqm. There is also an additional building coefficient of 526sqm.A swimming pool, bar and garden form part of the common areas.The complex is 8 minutes away from Latchi Harbour, fish taverns, beach bars, restaurants and amenities. It offers excellent access to Baths of Aphrodite - Akamas Peninsula and the nearby villages.During the summer months the demand for holiday rental in the area is very high and the available units cannot satisfy the majority of visitors.Therefore this is a very unique deal for an investor and it is considered a solid investment opportunity.Call us for more info.
The unit is a touristic hotel-apartments complex in Polis Chrysochous.Polis and Latchi are considered the ''last remaining castle'' - the only unspoiled and not overdeveloped area on the island. Picturesque - Scenic - Deep Blue Colours...................Little villages and areas all around with 2 small Marinas in short distance Latchi and the fishing harbor of Pomos makes this area the paradise someone could dream of. The property is located 1,5km from Polis Chrysochous center and just 150m from the beach.The complex consists of a reception area, four studios, three 2 bedroom apartments, nine 1 bedroom apartments and a basement.It has a total covered area of 940sqm.It is built within an area of 3,171sqm. There is also an additional building coefficient of 526sqm.A swimming pool, bar and garden form part of the common areas.The complex is 8 minutes away from Latchi Harbour, fish taverns, beach bars, restaurants and amenities. It offers excellent access to Baths of Aphrodite - Akamas Peninsula and the nearby villages.During the summer months the demand for holiday rental in the area is very high and the available units cannot satisfy the majority of visitors.Therefore this is a very unique deal for an investor and it is considered a solid investment opportunity.Call us for more info.
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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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,366,712 | £1,418,093 | £51,381 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,366,712 |
| Maximum cost in the last six months | £1,418,093 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £51,381 |
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 €1,650,000 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 |
|---|---|---|---|
| €1,650,000 | £1,366,712 | £1,418,093 | £51,381 |
| Property Price € | €1,650,000 |
| Minimum cost in the last six months | £1,366,712 |
| Maximum cost in the last six months | £1,418,093 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £51,381 |
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 £51,381 more.
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