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House, For Sale, Limassol, Panthea
Panthea, Cyprus
REF: 838231
€990,000
Description
The property consists of two adjacent houses in one of the most sought-after neighborhoods of Limassol, in «Panthea» area of Limassol Municipality. The property has a corner location. In general, it is an excellent location with high demand for houses, due to its attractiveness and accessibility as it is very close to amenities such as schools, supermarkets and other services. In addition, it has excellent access to the motorway and the Limassol center. The eastern corner house is a two-storey unit with basement and it was built around the year 2004. On the ground floor, it consists of kitchen, siting/dinning area and a guest toilet while the first floor consists of four bedrooms [the master has toilet/shower en-suite] and a communal bathroom/toilet. It is noted that part of the basement is used as a residential unit [2 bedroom flat] and the remaining part is used as a covered parking space. The internal area of the house is 215 sqm (approx.) plus the basement is 120sqm (approx.) The western house is a two-storey unit with basement and it was built around the year 2012. On the ground floor, it consists of kitchen, siting/dinning area and a guest toilet while the first floor consists of four bedrooms [the master has toilet/shower en-suite] and a communal bathroom/toilet. It is noted that the basement is used as a residential unit [2 bedroom flat]. The internal area of the house is 215 sqm (approx.) plus the basement is 100sqm (approx.). The two houses are situated on a corner residential plot with an area of approximate 529sqm. It is noted that both houses are vacant and they are suitable for private use or for investment.
The property consists of two adjacent houses in one of the most sought-after neighborhoods of Limassol, in «Panthea» area of Limassol Municipality. The property has a corner location. In general, it is an excellent location with high demand for houses, due to its attractiveness and accessibility as it is very close to amenities such as schools, supermarkets and other services. In addition, it has excellent access to the motorway and the Limassol center. The eastern corner house is a two-storey unit with basement and it was built around the year 2004. On the ground floor, it consists of kitchen, siting/dinning area and a guest toilet while the first floor consists of four bedrooms [the master has toilet/shower en-suite] and a communal bathroom/toilet. It is noted that part of the basement is used as a residential unit [2 bedroom flat] and the remaining part is used as a covered parking space. The internal area of the house is 215 sqm (approx.) plus the basement is 120sqm (approx.) The western house is a two-storey unit with basement and it was built around the year 2012. On the ground floor, it consists of kitchen, siting/dinning area and a guest toilet while the first floor consists of four bedrooms [the master has toilet/shower en-suite] and a communal bathroom/toilet. It is noted that the basement is used as a residential unit [2 bedroom flat]. The internal area of the house is 215 sqm (approx.) plus the basement is 100sqm (approx.). The two houses are situated on a corner residential plot with an area of approximate 529sqm. It is noted that both houses are vacant and they are suitable for private use or for investment.
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Currency Exchange
Panthea, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £815,661 | £838,154 | £22,493 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £815,661 |
| Maximum cost in the last six months | £838,154 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,493 |
Panthea, 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 €990,000 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 |
|---|---|---|---|
| €990,000 | £815,661 | £838,154 | £22,493 |
| Property Price € | €990,000 |
| Minimum cost in the last six months | £815,661 |
| Maximum cost in the last six months | £838,154 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,493 |
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 £22,493 more.
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