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Apartment Flat in Mackenzie, Larnaca
5736, Cyprus
REF: 835262
€500,000
Description
Reference ID: #SA34280Price details: 500,000 +VATProject located just a few meters from the Famous Mackenzy Beachfront.The project will compose of fifteen spacious apartments of two bedroom and two bathroom from the 1st and 5th floor of the project.The sixth floor of the project is retire apartment with three bedrooms and four bathrooms with spacious covered and uncovered balconies and roof garden which sole purpose is to secure and maximise the comfortable and private quality of life of its apartment owners.Each apartment will benefit from a parking bay and storage room on the ground floor.Building is characterised by its immediate access to the blue flag Mackenzy beaches, its panoramic and unobstructed views of the sea and the careful and meticulous design of its eight luxury and high-end apartments.The project will have an energy efficiency of grade A since photovoltaic panels will be installed on the roof in order to produce renewable energy. The photovoltaic panels through net metering will make sure owners benefit from significant savings in electricity consumption.The project is expected to be completed BEFORE December 2025.Available for sale two 2-bedroom apartments.Prices: 500,000- 530,000Covered area: 85 sq.m.Covered veranda: 19-30 sq.m.Uncovered veranda: 38-44 sq.m.PLUS V.A.T
Reference ID: #SA34280Price details: 500,000 +VATProject located just a few meters from the Famous Mackenzy Beachfront.The project will compose of fifteen spacious apartments of two bedroom and two bathroom from the 1st and 5th floor of the project.The sixth floor of the project is retire apartment with three bedrooms and four bathrooms with spacious covered and uncovered balconies and roof garden which sole purpose is to secure and maximise the comfortable and private quality of life of its apartment owners.Each apartment will benefit from a parking bay and storage room on the ground floor.Building is characterised by its immediate access to the blue flag Mackenzy beaches, its panoramic and unobstructed views of the sea and the careful and meticulous design of its eight luxury and high-end apartments.The project will have an energy efficiency of grade A since photovoltaic panels will be installed on the roof in order to produce renewable energy. The photovoltaic panels through net metering will make sure owners benefit from significant savings in electricity consumption.The project is expected to be completed BEFORE December 2025.Available for sale two 2-bedroom apartments.Prices: 500,000- 530,000Covered area: 85 sq.m.Covered veranda: 19-30 sq.m.Uncovered veranda: 38-44 sq.m.PLUS V.A.T
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Currency Exchange
5736, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
5736, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £414,155 | £429,725 | £15,570 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £414,155 |
| Maximum cost in the last six months | £429,725 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £15,570 |
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 £15,570 more.
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