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To the north of the town of Pafos, approximately 22km away, is the historical village of Kathikas with roots dating back to the antiquity, built at the top of a hill
Kathikas, Paphos, Cyprus
REF: 835665
€220,000
Description
To the north of the town of Pafos, approximately 22km away, is the historical village of Kathikas with roots dating back to the antiquity, built at the top of a hill. As for its name, rumour has it that the village was a stop-over for merchants and travelers since it is mid-way between Pafos and Polis Chrysochous. Here, they would rest along with their animals at the old inn which existed at the time. Today Kathikas is still one of the most attractive villages of the area, well known for its great many vineyards, grapes being its main product and their cultivation the main occupation of the villagers. Notable is the church of Panayia Evangelistria (AD 1870). The village forms part of the Laona project, whose concern is the general improvement and boosting of the greater area on the basis of its traditional character and nature. This piece of land is located 5 minutes drive to the village center and approximately 30 to 40 minutes drive to Paphos.
To the north of the town of Pafos, approximately 22km away, is the historical village of Kathikas with roots dating back to the antiquity, built at the top of a hill. As for its name, rumour has it that the village was a stop-over for merchants and travelers since it is mid-way between Pafos and Polis Chrysochous. Here, they would rest along with their animals at the old inn which existed at the time. Today Kathikas is still one of the most attractive villages of the area, well known for its great many vineyards, grapes being its main product and their cultivation the main occupation of the villagers. Notable is the church of Panayia Evangelistria (AD 1870). The village forms part of the Laona project, whose concern is the general improvement and boosting of the greater area on the basis of its traditional character and nature. This piece of land is located 5 minutes drive to the village center and approximately 30 to 40 minutes drive to Paphos.
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Currency Exchange
Kathikas, Paphos, 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 | £183,201 | £189,763 | £6,563 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £183,201 |
| Maximum cost in the last six months | £189,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,563 |
Kathikas, Paphos, 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 | £183,201 | £189,763 | £6,563 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £183,201 |
| Maximum cost in the last six months | £189,763 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,563 |
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 £6,563 more.
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