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House, For Sale, Paphos, Timi
Timi, Cyprus
REF: 771180
€825,000
Description
A luxury 5-bedroom house in Timi, Paphos, with a covered internal area of approximately 404 sq.m., covered verandas of 78 sq.m., and a basement of 216 sq.m., erected within a field of 2.408 sq.m.The ground floor consists of a hall, an open-plan kitchen with a dining area, a living room, a dining room, guest toilet, a laundry room and an office. The first floor comprises five en-suite bedrooms and an attic with a storage area.The basement consists of an auxiliary room, a storage area, two shower rooms, a playroom and a pool equipment area. The house was constructed in 2010. Externally there is a covered parking area and a swimming pool. The surrounding area of the asset is mainly residential.
A luxury 5-bedroom house in Timi, Paphos, with a covered internal area of approximately 404 sq.m., covered verandas of 78 sq.m., and a basement of 216 sq.m., erected within a field of 2.408 sq.m.The ground floor consists of a hall, an open-plan kitchen with a dining area, a living room, a dining room, guest toilet, a laundry room and an office. The first floor comprises five en-suite bedrooms and an attic with a storage area.The basement consists of an auxiliary room, a storage area, two shower rooms, a playroom and a pool equipment area. The house was constructed in 2010. Externally there is a covered parking area and a swimming pool. The surrounding area of the asset is mainly residential.
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Currency Exchange
Timi, 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 €825,000 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 |
|---|---|---|---|
| €825,000 | £691,408 | £711,612 | £20,204 |
| Property Price € | €825,000 |
| Minimum cost in the last six months | £691,408 |
| Maximum cost in the last six months | £711,612 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,204 |
Timi, 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 €825,000 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 |
|---|---|---|---|
| €825,000 | £691,408 | £711,612 | £20,204 |
| Property Price € | €825,000 |
| Minimum cost in the last six months | £691,408 |
| Maximum cost in the last six months | £711,612 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,204 |
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 £20,204 more.
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