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Land, For Sale, Nicosia, Strovolos, Chryseleousa
Strovolos, Cyprus
REF: 832574
€560,000
Description
Location: Nestled in the heart of Strovolos, a vibrant and sought-after district in Nicosia, this 587 sq.m residential plot offers an enviable location near the prestigious European University and Pedieos Linear Park. Residents will relish the convenience of having every amenity within arm's reach, from commercial hubs to educational institutions and recreational spaces. Strovolos is renowned for its upscale ambiance and seamless connectivity to the city center, making it an ideal choice for those seeking both luxury and accessibility. Plot Characteristics: The plot is strategically positioned within Residential Zone Κα3, presenting abundant development opportunities. With generous building density allowances of 140% and a coverage allowance of 50%, developers have the freedom to unleash their creative vision. The plot permits construction heights of up to 4 floors, offering ample space for crafting a sophisticated and multi-functional residential complex. Advantages - Special Features: Prime Location: Situated in one of Strovolos' most coveted neighborhoods, this plot offers unmatched convenience and prestige. Ideal for a 4-storey Residential Project: With its ample space and favorable zoning regulations, the plot is perfectly suited for a luxurious residential development that caters to modern urban lifestyles. No VAT: Enjoy the added benefit of no VAT, making this investment even more enticing for savvy buyers. Don't miss out on this rare opportunity to own a piece of prime real estate in Strovolos. Contact us today to schedule a viewing and embark on your journey towards creating a prestigious residential landmark.
Location: Nestled in the heart of Strovolos, a vibrant and sought-after district in Nicosia, this 587 sq.m residential plot offers an enviable location near the prestigious European University and Pedieos Linear Park. Residents will relish the convenience of having every amenity within arm's reach, from commercial hubs to educational institutions and recreational spaces. Strovolos is renowned for its upscale ambiance and seamless connectivity to the city center, making it an ideal choice for those seeking both luxury and accessibility. Plot Characteristics: The plot is strategically positioned within Residential Zone Κα3, presenting abundant development opportunities. With generous building density allowances of 140% and a coverage allowance of 50%, developers have the freedom to unleash their creative vision. The plot permits construction heights of up to 4 floors, offering ample space for crafting a sophisticated and multi-functional residential complex. Advantages - Special Features: Prime Location: Situated in one of Strovolos' most coveted neighborhoods, this plot offers unmatched convenience and prestige. Ideal for a 4-storey Residential Project: With its ample space and favorable zoning regulations, the plot is perfectly suited for a luxurious residential development that caters to modern urban lifestyles. No VAT: Enjoy the added benefit of no VAT, making this investment even more enticing for savvy buyers. Don't miss out on this rare opportunity to own a piece of prime real estate in Strovolos. Contact us today to schedule a viewing and embark on your journey towards creating a prestigious residential landmark.
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Currency Exchange
Strovolos, 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 €560,000 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 |
|---|---|---|---|
| €560,000 | £461,384 | £486,130 | £24,746 |
| Property Price € | €560,000 |
| Minimum cost in the last six months | £461,384 |
| Maximum cost in the last six months | £486,130 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,746 |
Strovolos, 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 €560,000 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 |
|---|---|---|---|
| €560,000 | £461,384 | £486,130 | £24,746 |
| Property Price € | €560,000 |
| Minimum cost in the last six months | £461,384 |
| Maximum cost in the last six months | £486,130 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £24,746 |
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 £24,746 more.
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