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It is a large three-bedroom, entire-floor apartment in a central location in the Panagia quarter of Nicosia municipality
Nicosia Municipality, Nicosia, Cyprus
REF: 807199
€195,000
Description
It is a large three-bedroom, entire-floor apartment in a central location in the Panagia quarter of Nicosia municipality.
The property is near many amenities and services, such as supermarkets, shops, restaurants, schools, etc. In addition, it enjoys excellent access to the main town routes and the city centre.
Apartment 201 is located on the entire floor of a small residential building built around 2014. It has a living and dining room, kitchen, office, three comfortable bedrooms (all en-suite), and a sunlit covered veranda ideal for dining outdoors.
It has an internal covered area of 176m2, a 13m2 covered veranda, and a parking space on the ground floor.
The property is ideal for large families, but it can also be used as a rental investment with a satisfactory rate of return. It is currently rented for 850/month and yields 5.2%.
Nicosia is a vibrant and fun city with a fascinating history. Many excellent shops, restaurants, cafes, museums, art galleries, historic churches, and more are nearby.
Please get in touch with Elit Blue to arrange a private viewing.
It is a large three-bedroom, entire-floor apartment in a central location in the Panagia quarter of Nicosia municipality.
The property is near many amenities and services, such as supermarkets, shops, restaurants, schools, etc. In addition, it enjoys excellent access to the main town routes and the city centre.
Apartment 201 is located on the entire floor of a small residential building built around 2014. It has a living and dining room, kitchen, office, three comfortable bedrooms (all en-suite), and a sunlit covered veranda ideal for dining outdoors.
It has an internal covered area of 176m2, a 13m2 covered veranda, and a parking space on the ground floor.
The property is ideal for large families, but it can also be used as a rental investment with a satisfactory rate of return. It is currently rented for 850/month and yields 5.2%.
Nicosia is a vibrant and fun city with a fascinating history. Many excellent shops, restaurants, cafes, museums, art galleries, historic churches, and more are nearby.
Please get in touch with Elit Blue to arrange a private viewing.
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Currency Exchange
Nicosia Municipality, Nicosia, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £160,661 | £167,593 | £6,932 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £160,661 |
| Maximum cost in the last six months | £167,593 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,932 |
Nicosia Municipality, Nicosia, 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 €195,000 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 |
|---|---|---|---|
| €195,000 | £160,661 | £167,593 | £6,932 |
| Property Price € | €195,000 |
| Minimum cost in the last six months | £160,661 |
| Maximum cost in the last six months | £167,593 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,932 |
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 £6,932 more.
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