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Apartment in Potamos Germasogias
5317, Cyprus
REF: 796447
€3,900,000
Description
Three bedroom luxury apartment on the 20th floor with spectacular views within a new luxury development. This development is an exclusive 21 floor residential building with exciting 5-star hotel facilities and services, located in the center of Limassol s coastline in Cyprus. 3 Bedrooms 235m2 apartment (191m2 + 44m2 covered veranda) 3.9 million euros + VAT The building consists of only 60 residences of 1-5 bedrooms, all designed and positioned to offer breath-taking sea views of the Mediterranean sea from all areas of the residences. Facilities and services include: -24hr reception, concierge, security -La Caleta Restaurant and Infinity Edge Swimming Pool on the 10th floor, -Sanctum Fitness Club on the 11th floor, -Tennis Court on the 5th floor, -House Keeping service -Room Service -Dry Cleaning -Property and Rental Management All residences are delivered fully furnished, equipped and accessorized, by Obliq studio, ready to move-in or rent-out. The design and finishes of the residences, as well as the facilities and services of the Icon have been inspired to elevate the living experience of residents and guests. The development is completed and is fully operational There is also a rental pooling option for clients who wish to rent out their residences on a short terms basis, in combination also with the option to use as a holiday-home, as an income generating investment, with expected Rental Returns in excess of 5%. Energy Efficiency Certificate: Category A Title deeds available
Three bedroom luxury apartment on the 20th floor with spectacular views within a new luxury development. This development is an exclusive 21 floor residential building with exciting 5-star hotel facilities and services, located in the center of Limassol s coastline in Cyprus. 3 Bedrooms 235m2 apartment (191m2 + 44m2 covered veranda) 3.9 million euros + VAT The building consists of only 60 residences of 1-5 bedrooms, all designed and positioned to offer breath-taking sea views of the Mediterranean sea from all areas of the residences. Facilities and services include: -24hr reception, concierge, security -La Caleta Restaurant and Infinity Edge Swimming Pool on the 10th floor, -Sanctum Fitness Club on the 11th floor, -Tennis Court on the 5th floor, -House Keeping service -Room Service -Dry Cleaning -Property and Rental Management All residences are delivered fully furnished, equipped and accessorized, by Obliq studio, ready to move-in or rent-out. The design and finishes of the residences, as well as the facilities and services of the Icon have been inspired to elevate the living experience of residents and guests. The development is completed and is fully operational There is also a rental pooling option for clients who wish to rent out their residences on a short terms basis, in combination also with the option to use as a holiday-home, as an income generating investment, with expected Rental Returns in excess of 5%. Energy Efficiency Certificate: Category A Title deeds available
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Currency Exchange
5317, 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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,213,210 | £3,351,855 | £138,645 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,213,210 |
| Maximum cost in the last six months | £3,351,855 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £138,645 |
5317, 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 €3,900,000 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 |
|---|---|---|---|
| €3,900,000 | £3,213,210 | £3,351,855 | £138,645 |
| Property Price € | €3,900,000 |
| Minimum cost in the last six months | £3,213,210 |
| Maximum cost in the last six months | £3,351,855 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £138,645 |
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 £138,645 more.
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