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Land, For Sale, Paphos, Pegeia
Pegeia, Cyprus
REF: 864169
€1,300,000
Description
Land located in Peyia, Paphos Plot size: 4683 meter squares Located at one of the most beautiful holiday resorts in Cyprus, Peyia village in Paphos District, an exceptional opportunity is available for investment. An incredibly privileged masterpiece of land. The land administratively falls within the district of the newly established Municipality, Paphos. The land has a registered and official road access and connection to electricity and water supply is available. Within a short proximity of 700 meters from the sea, situated on an elevated plateau, around 120 feet above sea level Offering unobstructed view of the whole area. Less than two kilometers to the south is the popular beach of Paphos - Coral Bay - while to the East lies the municipality of Pegeia. Northwest of the land begins Akamas peninsula a European Nature reserve. The proposed land is part of the planning zone ¨Î 1" with building density and coverage 15%, suitable for villas and or a holiday village.
Land located in Peyia, Paphos Plot size: 4683 meter squares Located at one of the most beautiful holiday resorts in Cyprus, Peyia village in Paphos District, an exceptional opportunity is available for investment. An incredibly privileged masterpiece of land. The land administratively falls within the district of the newly established Municipality, Paphos. The land has a registered and official road access and connection to electricity and water supply is available. Within a short proximity of 700 meters from the sea, situated on an elevated plateau, around 120 feet above sea level Offering unobstructed view of the whole area. Less than two kilometers to the south is the popular beach of Paphos - Coral Bay - while to the East lies the municipality of Pegeia. Northwest of the land begins Akamas peninsula a European Nature reserve. The proposed land is part of the planning zone ¨Î 1" with building density and coverage 15%, suitable for villas and or a holiday village.
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Currency Exchange
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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,081,444 | £1,118,806 | £37,362 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,081,444 |
| Maximum cost in the last six months | £1,118,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,362 |
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 €1,300,000 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 |
|---|---|---|---|
| €1,300,000 | £1,081,444 | £1,118,806 | £37,362 |
| Property Price € | €1,300,000 |
| Minimum cost in the last six months | £1,081,444 |
| Maximum cost in the last six months | £1,118,806 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £37,362 |
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 £37,362 more.
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