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Land, For Sale, Nicosia, Geri
geri, Geri, Cyprus
REF: 800598
€565,000
Description
Location €¢ Strategically situated approximately 6km from Geri community center and just 3km from the B1 highway, ensuring convenient access to key amenities and transportation routes. Land Characteristics €¢ Sprawling across approximately 6,647 sq.m., this rectangular plot boasts a level terrain, offering versatility for development projects. €¢ Accessible via a registered road with a generous frontage of approximately 61 meters, facilitating ease of entry and exit. €¢ Zoned as a dual Zone: Δα2 (6%) with a building coefficient of 1% and Κα9 (94%) with a building coefficient of 40%, providing flexibility for construction plans. €¢ Building permissions include up to 1 floor (5m) for Δα2 and up to 2 floors (10m) for Κα9, allowing for varied architectural designs. Advantages - Special Features €¢ Enjoy the benefits of a picturesque location with seamless connectivity to Nicosia city center and major highways, ensuring effortless commutes to neighboring cities. €¢ Ideal for investors seeking a lucrative opportunity to capitalize on the burgeoning real estate market in Nicosia.
Location €¢ Strategically situated approximately 6km from Geri community center and just 3km from the B1 highway, ensuring convenient access to key amenities and transportation routes. Land Characteristics €¢ Sprawling across approximately 6,647 sq.m., this rectangular plot boasts a level terrain, offering versatility for development projects. €¢ Accessible via a registered road with a generous frontage of approximately 61 meters, facilitating ease of entry and exit. €¢ Zoned as a dual Zone: Δα2 (6%) with a building coefficient of 1% and Κα9 (94%) with a building coefficient of 40%, providing flexibility for construction plans. €¢ Building permissions include up to 1 floor (5m) for Δα2 and up to 2 floors (10m) for Κα9, allowing for varied architectural designs. Advantages - Special Features €¢ Enjoy the benefits of a picturesque location with seamless connectivity to Nicosia city center and major highways, ensuring effortless commutes to neighboring cities. €¢ Ideal for investors seeking a lucrative opportunity to capitalize on the burgeoning real estate market in Nicosia.
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Currency Exchange
geri, 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 €565,000 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 |
|---|---|---|---|
| €565,000 | £465,504 | £485,589 | £20,086 |
| Property Price € | €565,000 |
| Minimum cost in the last six months | £465,504 |
| Maximum cost in the last six months | £485,589 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,086 |
geri, 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 €565,000 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 |
|---|---|---|---|
| €565,000 | £465,504 | £485,589 | £20,086 |
| Property Price € | €565,000 |
| Minimum cost in the last six months | £465,504 |
| Maximum cost in the last six months | £485,589 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £20,086 |
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 £20,086 more.
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