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Apartment, For Sale, Paphos, Universal
Universal, Cyprus
REF: 772292
€260,000
Description
Luxury 2 bedrooms, 2 bathrooms apartment for sale situated in a well suited and an upcoming residential area in Paphos. Also, the complex is located on a privileged site, set in a quiet, convenient location, only a few minutes' drive from Paphos Town Centre and all the sandy beaches of Paphos. In addition to this, the complex is close to all necessary amenities and it is within walking distance from Iasis Private Hospital and Neapolis University, the only University in Paphos. The small size of the complex yet contemporary is ideal to provide a high level of privacy and security. The modern and elegant architecture, cozy planning solutions and top-of-the-line finishes will pleasantly surprise those who value true comfort. The property is energy self- sustainable since it is going to be equipped with a solar photovoltaic system. The apartment is a great opportunity for both independent buyers and investors. There are huge investment benefits and tax advantages. The complex can bring to an investor a return on investment annually and the apartments can be easily resold to other potential property buyers. Investing in such a complex is a pathway for getting the Permanent Residence Permit of the Republic of Cyprus.
Luxury 2 bedrooms, 2 bathrooms apartment for sale situated in a well suited and an upcoming residential area in Paphos. Also, the complex is located on a privileged site, set in a quiet, convenient location, only a few minutes' drive from Paphos Town Centre and all the sandy beaches of Paphos. In addition to this, the complex is close to all necessary amenities and it is within walking distance from Iasis Private Hospital and Neapolis University, the only University in Paphos. The small size of the complex yet contemporary is ideal to provide a high level of privacy and security. The modern and elegant architecture, cozy planning solutions and top-of-the-line finishes will pleasantly surprise those who value true comfort. The property is energy self- sustainable since it is going to be equipped with a solar photovoltaic system. The apartment is a great opportunity for both independent buyers and investors. There are huge investment benefits and tax advantages. The complex can bring to an investor a return on investment annually and the apartments can be easily resold to other potential property buyers. Investing in such a complex is a pathway for getting the Permanent Residence Permit of the Republic of Cyprus.
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Currency Exchange
Universal, 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 €260,000 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 |
|---|---|---|---|
| €260,000 | £214,214 | £223,457 | £9,243 |
| Property Price € | €260,000 |
| Minimum cost in the last six months | £214,214 |
| Maximum cost in the last six months | £223,457 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,243 |
Universal, 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 €260,000 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 |
|---|---|---|---|
| €260,000 | £214,214 | £223,457 | £9,243 |
| Property Price € | €260,000 |
| Minimum cost in the last six months | £214,214 |
| Maximum cost in the last six months | £223,457 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,243 |
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 £9,243 more.
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