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Land, For Sale, Nicosia, Strovolos, Agios Dimitrios
Strovolos, Cyprus
REF: 771745
€875,000
Description
A residential plot which comprises of two adjacent parcels, with total area of 1.320 sqm, in Ayios Demetrios, Strovolos. The asset has a rectangular shape with total frontage of 50 meters. Its surface is flat and even. The wider area is characterised as a residential area, with residential blocks and detached houses. It also experiences significant commercial developments with multi-storey buildings, housing showrooms and other shops at the ground floor and offices on the other floors. The property enjoys good accessibility to towards the Nicosia city centre and the surrounding areas. The asset falls within the Residential Planning Zone Κα4, with building density coefficient of 120%, coverage coefficient 50%, in 3 floors and 13, 50/11, 30 metres height. All urban features must be checked with the proper authorities.
A residential plot which comprises of two adjacent parcels, with total area of 1.320 sqm, in Ayios Demetrios, Strovolos. The asset has a rectangular shape with total frontage of 50 meters. Its surface is flat and even. The wider area is characterised as a residential area, with residential blocks and detached houses. It also experiences significant commercial developments with multi-storey buildings, housing showrooms and other shops at the ground floor and offices on the other floors. The property enjoys good accessibility to towards the Nicosia city centre and the surrounding areas. The asset falls within the Residential Planning Zone Κα4, with building density coefficient of 120%, coverage coefficient 50%, in 3 floors and 13, 50/11, 30 metres height. All urban features must be checked with the proper authorities.
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Currency Exchange
Strovolos, 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 €875,000 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 |
|---|---|---|---|
| €875,000 | £720,913 | £752,019 | £31,106 |
| Property Price € | €875,000 |
| Minimum cost in the last six months | £720,913 |
| Maximum cost in the last six months | £752,019 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,106 |
Strovolos, 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 €875,000 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 |
|---|---|---|---|
| €875,000 | £720,913 | £752,019 | £31,106 |
| Property Price € | €875,000 |
| Minimum cost in the last six months | £720,913 |
| Maximum cost in the last six months | £752,019 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,106 |
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 £31,106 more.
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