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Apartment, For Sale, Paphos, Geroskipou
Geroskipou, Cyprus
REF: 771160
€275,000
Description
Set apart from the lower town and main tourist area, this historic old quarter offers a more laid-back vibe as well as several cultural attractions. Although it is just 2 miles (3 kilometers) from the main seafront tourist area, Paphos City Center, feels a world away. Take a stroll around this charming and laid-back part of town to see elegant, colonial-era constructions and the modern commercial center of town, which is the perfect antidote for people looking to escape the busier, livelier and more tourist-heavy district of Kato Paphos or Lower Paphos. Wander around the city center bars and traditional restaurants. Pause for a coffee in a café with a harbor view. While you€™re here, browse the edible goods on offer at the municipal market. The €œagora€ as the locals call it is where Paphos residents go to shop for groceries. With its many narrow lanes and its relatively small size, This beautiful development consists of just 9 apartments, over three identical floors. There are two 1-bedroom and one 2- bedroom apartment on every floor, each with its allocated parking space on the ground floor. The project is located in one the most popular areas among locals for living, in between the sought-after area of Universal in Pafos, and Geroskipou village. The proximity of the plot to all amenities, private Hospital and the touristic area, alongside the view to Pafos picturesque seaside create an ideal environment for the residents. At the same time, the popularity of Universal area for short-term rentals creates higher rental yields opportunities, compared to other areas in Pafos.
Set apart from the lower town and main tourist area, this historic old quarter offers a more laid-back vibe as well as several cultural attractions. Although it is just 2 miles (3 kilometers) from the main seafront tourist area, Paphos City Center, feels a world away. Take a stroll around this charming and laid-back part of town to see elegant, colonial-era constructions and the modern commercial center of town, which is the perfect antidote for people looking to escape the busier, livelier and more tourist-heavy district of Kato Paphos or Lower Paphos. Wander around the city center bars and traditional restaurants. Pause for a coffee in a café with a harbor view. While you€™re here, browse the edible goods on offer at the municipal market. The €œagora€ as the locals call it is where Paphos residents go to shop for groceries. With its many narrow lanes and its relatively small size, This beautiful development consists of just 9 apartments, over three identical floors. There are two 1-bedroom and one 2- bedroom apartment on every floor, each with its allocated parking space on the ground floor. The project is located in one the most popular areas among locals for living, in between the sought-after area of Universal in Pafos, and Geroskipou village. The proximity of the plot to all amenities, private Hospital and the touristic area, alongside the view to Pafos picturesque seaside create an ideal environment for the residents. At the same time, the popularity of Universal area for short-term rentals creates higher rental yields opportunities, compared to other areas in Pafos.
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Currency Exchange
Geroskipou, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £226,573 | £236,349 | £9,776 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £226,573 |
| Maximum cost in the last six months | £236,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,776 |
Geroskipou, 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 €275,000 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 |
|---|---|---|---|
| €275,000 | £226,573 | £236,349 | £9,776 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £226,573 |
| Maximum cost in the last six months | £236,349 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,776 |
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 £9,776 more.
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