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Apartment in Nicosia, Engomi
5483, Cyprus
REF: 802425
€220,000
Description
This apartment is within a ne residential building that comprises of eight spacious one- and two-bedroom apartments with large verandas, covered parking, and private storage rooms. The two-floor building is located in a quiet residential neighborhood of Makedonitissa, within walking distance of Heroon Avenue, which connects the University of Nicosia with the Nicosia Mall. The building features a luxury lobby, pin access gates, a modern elevator, and a photovoltaic system for communal electricity. CCTV and electric car ports is given as a provision. There are four spacious apartments on each floor with one or two bedrooms and an open floor plan, large verandas, and a thought-out interior design. Each apartment is completed with smart video intercom, solar water heater, water pressure system, and installed air condition units in all areas. The heating of all areas is by electric heating panels and is given as provision, with the option to upgrade to underfloor central heating for an extra cost. The apartments are of permanent residence quality, finished to the highest standards with upmarket ceramic and/or parquet floors, technogranite counters, high-end sanitary articles, and artisan carpentry works. Covered Veranda: 15 sqm Storage: 2.5 sqm Build: 80 sqm Total: 108 sqm Features: -Energy Certificate A -Contemporary Architecture -Thermal Insulating Building System -Pin Access Entrance -Modern Elevator -Luxury Lobby & Landscaping -Allocated Parking & Storage Rooms -CCTV (Provision) -Electric Car Port (Provision) -Photovoltaic System (Communal Electricity) -Pipe-in-Pipe System -Electric Heating (Provision) -Air Condition in all areas -Video Door Entry System -Water Pressure System -Solar Water Heater -Artistan Carpentry Works -Luxury Bathroom Articles -Technogranite Counters -Thermal Blocking Windows Price+VAT DELIVERY: 08/2025
This apartment is within a ne residential building that comprises of eight spacious one- and two-bedroom apartments with large verandas, covered parking, and private storage rooms. The two-floor building is located in a quiet residential neighborhood of Makedonitissa, within walking distance of Heroon Avenue, which connects the University of Nicosia with the Nicosia Mall. The building features a luxury lobby, pin access gates, a modern elevator, and a photovoltaic system for communal electricity. CCTV and electric car ports is given as a provision. There are four spacious apartments on each floor with one or two bedrooms and an open floor plan, large verandas, and a thought-out interior design. Each apartment is completed with smart video intercom, solar water heater, water pressure system, and installed air condition units in all areas. The heating of all areas is by electric heating panels and is given as provision, with the option to upgrade to underfloor central heating for an extra cost. The apartments are of permanent residence quality, finished to the highest standards with upmarket ceramic and/or parquet floors, technogranite counters, high-end sanitary articles, and artisan carpentry works. Covered Veranda: 15 sqm Storage: 2.5 sqm Build: 80 sqm Total: 108 sqm Features: -Energy Certificate A -Contemporary Architecture -Thermal Insulating Building System -Pin Access Entrance -Modern Elevator -Luxury Lobby & Landscaping -Allocated Parking & Storage Rooms -CCTV (Provision) -Electric Car Port (Provision) -Photovoltaic System (Communal Electricity) -Pipe-in-Pipe System -Electric Heating (Provision) -Air Condition in all areas -Video Door Entry System -Water Pressure System -Solar Water Heater -Artistan Carpentry Works -Luxury Bathroom Articles -Technogranite Counters -Thermal Blocking Windows Price+VAT DELIVERY: 08/2025
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Currency Exchange
5483, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
5483, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £182,228 | £189,079 | £6,851 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £182,228 |
| Maximum cost in the last six months | £189,079 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,851 |
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 £6,851 more.
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