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Apartment in Universal
5716, Cyprus
REF: 794984
€275,000
Description
Spacious sea view 2 bedroom apartment within a new development located in a sought-after area of Universal, Paphos This residential building consists of just 9 apartments, over three identical floors. Under construction. Delivery: September 2025 Price+VAT 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 Paphos, and Geroskipou village. The proximity of the plot to all amenities, Iasis Hospital and the touristic area, alongside the view to Paphos' picturesque seaside create an ideal environment for the residents. At the same time, the popularity of Universal area for short-term rentals create higher rental yields opportunities, compared to other areas in Paphos. With sea-side developments on Pafos' riviera enjoying higher rental yields and capital appreciation in the last years, this developement is a great opportunity for both independent buyers and investors. Internal Area: 74 sqm Covered Veranda: 17 sqm Specifications: 1-Bedroom and 2-Bedroom flats Contemporary Architectural Design Upgraded thermal aluminium series Tailor made kitchen design Wide range of imported ceramic tiles Branded sanitary ware Provisions for central heating Energy saving designed property Energy Efficiency Class A
Spacious sea view 2 bedroom apartment within a new development located in a sought-after area of Universal, Paphos This residential building consists of just 9 apartments, over three identical floors. Under construction. Delivery: September 2025 Price+VAT 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 Paphos, and Geroskipou village. The proximity of the plot to all amenities, Iasis Hospital and the touristic area, alongside the view to Paphos' picturesque seaside create an ideal environment for the residents. At the same time, the popularity of Universal area for short-term rentals create higher rental yields opportunities, compared to other areas in Paphos. With sea-side developments on Pafos' riviera enjoying higher rental yields and capital appreciation in the last years, this developement is a great opportunity for both independent buyers and investors. Internal Area: 74 sqm Covered Veranda: 17 sqm Specifications: 1-Bedroom and 2-Bedroom flats Contemporary Architectural Design Upgraded thermal aluminium series Tailor made kitchen design Wide range of imported ceramic tiles Branded sanitary ware Provisions for central heating Energy saving designed property Energy Efficiency Class A
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Currency Exchange
5716, 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 | £227,785 | £236,349 | £8,564 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £227,785 |
| 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 | £8,564 |
5716, 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 | £227,785 | £236,349 | £8,564 |
| Property Price € | €275,000 |
| Minimum cost in the last six months | £227,785 |
| 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 | £8,564 |
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 £8,564 more.
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