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Land, For Sale, Limassol, Pissouri
Pissouri, Cyprus
REF: 771016
€8,500,000
Description
A large piece of land comprising 113.000sq.m is for sale. The land is only 90m form the sea shore and enjoys an excellent, panoramic and unobstructed view to the sea. It fronts the old road of Limassol Paphos with a frontage of 450m. It is a south-west orientated land with a normal contour. It is located between Limassol (25min) and Paphos (20min). The distance to the airport of Paphos town in 10minutes. The mythical birth place of Aphrodite is only 2km away whereas the famous Aphrodite€™s Hills Golf resort in only 5 minutes by car. A property of its own class for a unique development opportunity. Options of Development: tourist villas, hotel, wellness and rehabilitation centre, casino, holiday park or other choices of development can be discussed.
A large piece of land comprising 113.000sq.m is for sale. The land is only 90m form the sea shore and enjoys an excellent, panoramic and unobstructed view to the sea. It fronts the old road of Limassol Paphos with a frontage of 450m. It is a south-west orientated land with a normal contour. It is located between Limassol (25min) and Paphos (20min). The distance to the airport of Paphos town in 10minutes. The mythical birth place of Aphrodite is only 2km away whereas the famous Aphrodite€™s Hills Golf resort in only 5 minutes by car. A property of its own class for a unique development opportunity. Options of Development: tourist villas, hotel, wellness and rehabilitation centre, casino, holiday park or other choices of development can be discussed.
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Currency Exchange
Pissouri, 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 €8,500,000 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 |
|---|---|---|---|
| €8,500,000 | £7,040,635 | £7,305,325 | £264,690 |
| Property Price € | €8,500,000 |
| Minimum cost in the last six months | £7,040,635 |
| Maximum cost in the last six months | £7,305,325 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £264,690 |
Pissouri, 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 €8,500,000 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 |
|---|---|---|---|
| €8,500,000 | £7,040,635 | £7,305,325 | £264,690 |
| Property Price € | €8,500,000 |
| Minimum cost in the last six months | £7,040,635 |
| Maximum cost in the last six months | £7,305,325 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £264,690 |
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 £264,690 more.
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