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Other, For Sale, Limassol, Potamos Germasogeias
Potamos Germasogeias, Cyprus
REF: 813071
€3,800,000
Description
Project for Sale, to Investors who value top location and luxury combined with extravagant architecture in the most sought-after area of Germasoyia, Limassol. The land is situated within a 7 minute walk to the beach, next to Prophet Elias Church, nestled between Villas and other luxurious Residences that are home to an afluent International and Cypriot clientele. Located in a quiet cul-de-sac street and elevated to the coastline it offers the most breathtaking City-and Seaviews, once built. Although tranquil, the project is only a step away from the busy and vibrant upscale shopping area with Supermarkets, Pharmacies, Boutiques and Restaurants , 5 Star hotels, and last but not least the georgeous beaches where soaking-in-the-Sun is a favorite pasttime. It is the only Project in the area with Permits to build 5 floors, to a height of 21.55 m (classification of area only 3 floors for other projects) . Density 60% and Coverage 25% Another possibility to take this great chance for an exquisite, high ROI Investment would be entering a JOINT VENTURE with us. The price includes the building permit plus the architectural plans.
Project for Sale, to Investors who value top location and luxury combined with extravagant architecture in the most sought-after area of Germasoyia, Limassol. The land is situated within a 7 minute walk to the beach, next to Prophet Elias Church, nestled between Villas and other luxurious Residences that are home to an afluent International and Cypriot clientele. Located in a quiet cul-de-sac street and elevated to the coastline it offers the most breathtaking City-and Seaviews, once built. Although tranquil, the project is only a step away from the busy and vibrant upscale shopping area with Supermarkets, Pharmacies, Boutiques and Restaurants , 5 Star hotels, and last but not least the georgeous beaches where soaking-in-the-Sun is a favorite pasttime. It is the only Project in the area with Permits to build 5 floors, to a height of 21.55 m (classification of area only 3 floors for other projects) . Density 60% and Coverage 25% Another possibility to take this great chance for an exquisite, high ROI Investment would be entering a JOINT VENTURE with us. The price includes the building permit plus the architectural plans.
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Currency Exchange
Potamos Germasogeias, 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 €3,800,000 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 |
|---|---|---|---|
| €3,800,000 | £3,130,820 | £3,265,910 | £135,090 |
| Property Price € | €3,800,000 |
| Minimum cost in the last six months | £3,130,820 |
| Maximum cost in the last six months | £3,265,910 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £135,090 |
Potamos Germasogeias, 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 €3,800,000 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 |
|---|---|---|---|
| €3,800,000 | £3,130,820 | £3,265,910 | £135,090 |
| Property Price € | €3,800,000 |
| Minimum cost in the last six months | £3,130,820 |
| Maximum cost in the last six months | £3,265,910 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £135,090 |
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 £135,090 more.
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