Apartment in Strovolos

5093, Cyprus

For Sale

€550,000

REF: 795690 €550,000


3

3

138 m2

Description

Three bedroom top-floor apartment part of a new residential development located in Strovolos, Nicosia This building is in a central location close to all facilities and is also close to schools and public parks. This residential building has controlled access with an electric gate . The apartment comes with underfloor heating, optional smart home technology, storage room and designated parking.

Penthouse Covered Veranda: 121 sqm 3 Bedrooms 3 Bathrooms Rooftop Garden Covered Parking Store Room Double Glazing Underfloor Heating Provision for Central Heating Granite kitchen Tops Green Area Entry Phone System Completion Date: 2025 Price+VAT Shops 1km Restaurants 1km Nicosia, the capital city of Cyprus, offers a multitude of compelling reasons to consider buying property in this vibrant and historic city.

Here are some key factors that make Nicosia an appealing destination for real estate investment: Strategic Location: Nicosia's central location in the heart of Cyprus makes it a strategic hub for business, trade, and tourism. Its proximity to major airports, seaports, and transportation networks ensures excellent connectivity within the island and beyond.

Cultural Heritage: Nicosia is steeped in rich cultural heritage, boasting a captivating blend of ancient history and modern charm. The city is home to numerous archaeological sites, museums, and historical landmarks, providing residents with a unique and immersive cultural experience. Thriving Economy: Cyprus has a robust and resilient economy, and Nicosia serves as a major economic center.

The city's strong financial services sector, thriving business environment, and favorable tax incentives make it an attractive destination for entrepreneurs and investors. Quality of Life: Nicosia offers an excellent quality of life, combining a relaxed Mediterranean lifestyle with modern amenities.

Residents can enjoy a pleasant climate, delicious cuisine, vibrant nightlife, and a range of recreational activities, including beautiful parks, golf courses, and sports facilities. Educational Opportunities: Nicosia is home to renowned universities, making it an ideal destination for students and families seeking excellent educational opportunities.

The city offers a diverse range of educational institutions, from international schools to prestigious universities, ensuring access to high-quality education. Real Estate Investment Potential: Nicosia's real estate market presents a promising investment landscape. The city offers a wide range of properties, including apartments, houses, and commercial spaces, catering to various budgets and preferences.

Over the years, property values have shown stability and consistent growth, making it an attractive choice for investors. Infrastructure and Development: Nicosia continues to witness significant infrastructure development, with ongoing projects aimed at improving transportation, public spaces, and urban planning.

This focus on modernization ensures a well-connected and well-developed city that enhances the overall quality of life for residents. Multicultural Environment: Nicosia embraces a multicultural atmosphere, welcoming people from different backgrounds and nationalities. This diversity fosters a cosmopolitan environment, where residents can experience various cultures, languages, and cuisines, creating a vibrant and inclusive community.

Health Care Facilities: The city is equipped with modern and high-standard healthcare facilities, including hospitals, clinics, and specialized medical centers. Access to quality healthcare is a crucial aspect of any residential investment, and Nicosia provides reliable medical services for residents.

Strong Rental Market: Nicosia's thriving rental market presents an excellent opportunity for property owners to generate rental income. With a steady demand for rental properties from students, expatriates, and professionals, investing in Nicosia can provide a reliable income stream.
Three bedroom top-floor apartment part of a new residential development located in Strovolos, Nicosia This building is in a central location close to all facilities and is also close to schools and public parks. This residential building has controlled access with an electric gate . The apartment comes with underfloor heating, optional smart home technology, storage room and designated parking.

Penthouse Covered Veranda: 121 sqm 3 Bedrooms 3 Bathrooms Rooftop Garden Covered Parking Store Room Double Glazing Underfloor Heating Provision for Central Heating Granite kitchen Tops Green Area Entry Phone System Completion Date: 2025 Price+VAT Shops 1km Restaurants 1km Nicosia, the capital city of Cyprus, offers a multitude of compelling reasons to consider buying property in this vibrant and historic city.

Here are some key factors that make Nicosia an appealing destination for real estate investment: Strategic Location: Nicosia's central location in the heart of Cyprus makes it a strategic hub for business, trade, and tourism. Its proximity to major airports, seaports, and transportation networks ensures excellent connectivity within the island and beyond.

Cultural Heritage: Nicosia is steeped in rich cultural heritage, boasting a captivating blend of ancient history and modern charm. The city is home to numerous archaeological sites, museums, and historical landmarks, providing residents with a unique and immersive cultural experience. Thriving Economy: Cyprus has a robust and resilient economy, and Nicosia serves as a major economic center.

The city's strong financial services sector, thriving business environment, and favorable tax incentives make it an attractive destination for entrepreneurs and investors. Quality of Life: Nicosia offers an excellent quality of life, combining a relaxed Mediterranean lifestyle with modern amenities.

Residents can enjoy a pleasant climate, delicious cuisine, vibrant nightlife, and a range of recreational activities, including beautiful parks, golf courses, and sports facilities. Educational Opportunities: Nicosia is home to renowned universities, making it an ideal destination for students and families seeking excellent educational opportunities.

The city offers a diverse range of educational institutions, from international schools to prestigious universities, ensuring access to high-quality education. Real Estate Investment Potential: Nicosia's real estate market presents a promising investment landscape. The city offers a wide range of properties, including apartments, houses, and commercial spaces, catering to various budgets and preferences.

Over the years, property values have shown stability and consistent growth, making it an attractive choice for investors. Infrastructure and Development: Nicosia continues to witness significant infrastructure development, with ongoing projects aimed at improving transportation, public spaces, and urban planning.

This focus on modernization ensures a well-connected and well-developed city that enhances the overall quality of life for residents. Multicultural Environment: Nicosia embraces a multicultural atmosphere, welcoming people from different backgrounds and nationalities. This diversity fosters a cosmopolitan environment, where residents can experience various cultures, languages, and cuisines, creating a vibrant and inclusive community.

Health Care Facilities: The city is equipped with modern and high-standard healthcare facilities, including hospitals, clinics, and specialized medical centers. Access to quality healthcare is a crucial aspect of any residential investment, and Nicosia provides reliable medical services for residents.

Strong Rental Market: Nicosia's thriving rental market presents an excellent opportunity for property owners to generate rental income. With a steady demand for rental properties from students, expatriates, and professionals, investing in Nicosia can provide a reliable income stream.
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Property on Map

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Currency Exchange

5093, 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 €550,000 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
€550,000 £455,571 £472,698 £17,127
Property Price € €550,000
Minimum cost in the last six months £455,571
Maximum cost in the last six months £472,698
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,127

5093, 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 €550,000 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
€550,000 £455,571 £472,698 £17,127
Property Price € €550,000
Minimum cost in the last six months £455,571
Maximum cost in the last six months £472,698
Fluctuating exchange rates over the last six months could have increased the cost of this property by £17,127

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 £17,127 more.

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