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D-2524-B Residential Development For Sale in Peyia
Panayias Zalatziotissas, Pegeia, Cyprus
REF: 839495
€3,500,000
Description
This modern, yet traditionally designed project in Peyia, Paphos consists of five spacious villas surrounded by landscaped gardens with private parking. Each villa benefits from three inviting bedrooms including fitted wardrobes, with the master bedrooms boasting ensuite bathrooms. The properties have contemporary fully fitted kitchens and spacious open plan living spaces. The villas have a guest w/c on the ground floor and a full family bathroom on the first floor. All the living areas open out to well sized partially covered verandas, perfect for an alfresco lifestyle with amazing panoramic views. Optional extras include a private swimming pool, a furniture package with electrical appliances and underfloor heating. A great choice for an investor seeking to buy a successful development suitable for long-term rental or holiday lets in a wonderful location overlooking areas of natural beauty. The purchaser of this project can expect a high rental yield, plus property and rental management for the villas is available if required. In view of its prime position a short drive from the coast, the potential long-term value of the investment is expected to grow handsomely. Therefore, when the time is right, the owner may expect to recoup a substantial profit if selling the units separately or as a package. Peyia (also spelt Pegeia) is located 14km north of Paphos Town and sits on the steep slopes of the coastal hills inland from Coral Bay at the southern end of the Akamas Peninsula. This is home to many non-Cypriot residents and due to the size of this popular village, you will find most conveniences are catered for. As the largest village in Paphos bordering Kathikas, Akoursos, Kissonerga and the Akamas Peninsula there is plenty to do here including swimming at the renowned Blue Flag awarded Coral Bay Beach.
This modern, yet traditionally designed project in Peyia, Paphos consists of five spacious villas surrounded by landscaped gardens with private parking. Each villa benefits from three inviting bedrooms including fitted wardrobes, with the master bedrooms boasting ensuite bathrooms. The properties have contemporary fully fitted kitchens and spacious open plan living spaces. The villas have a guest w/c on the ground floor and a full family bathroom on the first floor. All the living areas open out to well sized partially covered verandas, perfect for an alfresco lifestyle with amazing panoramic views. Optional extras include a private swimming pool, a furniture package with electrical appliances and underfloor heating. A great choice for an investor seeking to buy a successful development suitable for long-term rental or holiday lets in a wonderful location overlooking areas of natural beauty. The purchaser of this project can expect a high rental yield, plus property and rental management for the villas is available if required. In view of its prime position a short drive from the coast, the potential long-term value of the investment is expected to grow handsomely. Therefore, when the time is right, the owner may expect to recoup a substantial profit if selling the units separately or as a package. Peyia (also spelt Pegeia) is located 14km north of Paphos Town and sits on the steep slopes of the coastal hills inland from Coral Bay at the southern end of the Akamas Peninsula. This is home to many non-Cypriot residents and due to the size of this popular village, you will find most conveniences are catered for. As the largest village in Paphos bordering Kathikas, Akoursos, Kissonerga and the Akamas Peninsula there is plenty to do here including swimming at the renowned Blue Flag awarded Coral Bay Beach.
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Currency Exchange
Panayias Zalatziotissas, Pegeia, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
Panayias Zalatziotissas, Pegeia, 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 €3,500,000 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 |
|---|---|---|---|
| €3,500,000 | £2,899,085 | £3,008,075 | £108,990 |
| Property Price € | €3,500,000 |
| Minimum cost in the last six months | £2,899,085 |
| Maximum cost in the last six months | £3,008,075 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £108,990 |
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 £108,990 more.
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