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Land, For Sale, Nicosia, Geri
Geri, Cyprus
REF: 780126
€225,000
Description
Location - Discover an exceptional 985sqm plot in Geri with a flat elevation. - Centrally located with convenient access to the Nicosia Limassol highway. - Desirable neighbourhood with a plethora of amenities and services nearby. Plot Characteristics - Regular-shaped plot with 23 meters frontage, ideal for residential development. - Building density of 80% and coverage ratio of 45% allow for up to 2 floors. Advantages - Special Features - Falls within Residential Zone Ka7, permitting the construction of a two-story building. - Perfect for development and presents an attractive investment opportunity. - NO VAT implications. - Act now to secure this prime piece of real estate in Geri's sought-after location.
Location - Discover an exceptional 985sqm plot in Geri with a flat elevation. - Centrally located with convenient access to the Nicosia Limassol highway. - Desirable neighbourhood with a plethora of amenities and services nearby. Plot Characteristics - Regular-shaped plot with 23 meters frontage, ideal for residential development. - Building density of 80% and coverage ratio of 45% allow for up to 2 floors. Advantages - Special Features - Falls within Residential Zone Ka7, permitting the construction of a two-story building. - Perfect for development and presents an attractive investment opportunity. - NO VAT implications. - Act now to secure this prime piece of real estate in Geri's sought-after location.
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Currency Exchange
Geri, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £186,370 | £193,376 | £7,007 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £186,370 |
| Maximum cost in the last six months | £193,376 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,007 |
Geri, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £186,370 | £193,376 | £7,007 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £186,370 |
| Maximum cost in the last six months | £193,376 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,007 |
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 £7,007 more.
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