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D-3010-B 2 Bedroom Apartment For Sale in Paralimni
Paralimni, Cyprus
REF: 839646
€223,000
Description
Located in an exclusive area of Paralimni, a brand new complex features this modern and stylish two bedroom apartment, comprising of an open plan living/dining and kitchen area, including a well sized full bathroom and two inviting bedrooms, with the master bedroom benefitting from a lavish ensuite bathroom. Interior and exterior blend in flawlessly, with the living area and second bedroom leading out to a large veranda where alfresco dining and entertaining can be enjoyed whilst boasting breath-taking views as the perfect backdrop. Being a property owner within this exclusive development allows access to a number of in-house facilities, such as a tranquil communal pool, a top of the range gym, a children's playground and expansive landscaped gardens that encompass the complex. Coupled with the facilities the development offers, along with the prime location, ensures that this property makes for a great investment as a long-term rental, holiday let/retreat or permanent residence. The word Paralimni is Greek and means "by the lake". Historically, the town was built on the shores of a shallow lake which filled with water only in the winter. At the beginning of the 20th century, the whole lakebed was reclaimed for agricultural purposes. At the heart of Paralimni lies a shopping centre and a small entertainment scene, including modern cafes and bars. Paralimni has rapidly grown in size and there are many local supermarkets. The countryside surrounding Paralimni has red soil rich in zinc, which is famous for producing highly nutritious and flavourful potatoes. It is also known for its picturesque windmills, which are used to draw water from underground aquifers to irrigate the surrounding land and the area has grown in popularity with tourists in recent years.
Located in an exclusive area of Paralimni, a brand new complex features this modern and stylish two bedroom apartment, comprising of an open plan living/dining and kitchen area, including a well sized full bathroom and two inviting bedrooms, with the master bedroom benefitting from a lavish ensuite bathroom. Interior and exterior blend in flawlessly, with the living area and second bedroom leading out to a large veranda where alfresco dining and entertaining can be enjoyed whilst boasting breath-taking views as the perfect backdrop. Being a property owner within this exclusive development allows access to a number of in-house facilities, such as a tranquil communal pool, a top of the range gym, a children's playground and expansive landscaped gardens that encompass the complex. Coupled with the facilities the development offers, along with the prime location, ensures that this property makes for a great investment as a long-term rental, holiday let/retreat or permanent residence. The word Paralimni is Greek and means "by the lake". Historically, the town was built on the shores of a shallow lake which filled with water only in the winter. At the beginning of the 20th century, the whole lakebed was reclaimed for agricultural purposes. At the heart of Paralimni lies a shopping centre and a small entertainment scene, including modern cafes and bars. Paralimni has rapidly grown in size and there are many local supermarkets. The countryside surrounding Paralimni has red soil rich in zinc, which is famous for producing highly nutritious and flavourful potatoes. It is also known for its picturesque windmills, which are used to draw water from underground aquifers to irrigate the surrounding land and the area has grown in popularity with tourists in recent years.
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Currency Exchange
Paralimni, 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 €223,000 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 |
|---|---|---|---|
| €223,000 | £185,509 | £191,918 | £6,409 |
| Property Price € | €223,000 |
| Minimum cost in the last six months | £185,509 |
| Maximum cost in the last six months | £191,918 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,409 |
Paralimni, 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 €223,000 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 |
|---|---|---|---|
| €223,000 | £185,509 | £191,918 | £6,409 |
| Property Price € | €223,000 |
| Minimum cost in the last six months | £185,509 |
| Maximum cost in the last six months | £191,918 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,409 |
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 £6,409 more.
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