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Tourist in Softades, Larnaca
5039, Cyprus
REF: 868326
€12,200,000
Description
Reference ID: #SA34759Price details: 12,200,000 +VATThis asset comprises of three adjoining fields in Softades, Larnaca.The asset is located c. 120m south Pervolia Mazotos road, c. 3,7km southwest of Perivolia village and adjacent to the seafront.The asset has a total area of 87,264sqm. It benefits from a road frontage along its northeast and northwest borders as well as footpath frontage along its south border.The immediate area comprises of undeveloped plots of land as well as some residential developments.The asset falls within two planning zones:-83,897sqm fall within touristic planning zone ?2a with the following parameters:- For hotels: 45% building density, 20% coverage, 3 floors and a maximum height of 13.1m- For touristic village: 40% building density, 20% coverage, 2 floors and a maximum height of 8,3m- For houses: 20% building density, 20% coverage, 2 floors and a maximum height of 8.3m-3,367sqm fall within protection planning zone Z1 with a building density of 6% and a coverage of 6%, over 2 floors and 8.3m maximum height.
Reference ID: #SA34759Price details: 12,200,000 +VATThis asset comprises of three adjoining fields in Softades, Larnaca.The asset is located c. 120m south Pervolia Mazotos road, c. 3,7km southwest of Perivolia village and adjacent to the seafront.The asset has a total area of 87,264sqm. It benefits from a road frontage along its northeast and northwest borders as well as footpath frontage along its south border.The immediate area comprises of undeveloped plots of land as well as some residential developments.The asset falls within two planning zones:-83,897sqm fall within touristic planning zone ?2a with the following parameters:- For hotels: 45% building density, 20% coverage, 3 floors and a maximum height of 13.1m- For touristic village: 40% building density, 20% coverage, 2 floors and a maximum height of 8,3m- For houses: 20% building density, 20% coverage, 2 floors and a maximum height of 8.3m-3,367sqm fall within protection planning zone Z1 with a building density of 6% and a coverage of 6%, over 2 floors and 8.3m maximum height.
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Currency Exchange
5039, 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 €12,200,000 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 |
|---|---|---|---|
| €12,200,000 | £10,105,382 | £10,485,290 | £379,908 |
| Property Price € | €12,200,000 |
| Minimum cost in the last six months | £10,105,382 |
| Maximum cost in the last six months | £10,485,290 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £379,908 |
5039, 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 €12,200,000 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 |
|---|---|---|---|
| €12,200,000 | £10,105,382 | £10,485,290 | £379,908 |
| Property Price € | €12,200,000 |
| Minimum cost in the last six months | £10,105,382 |
| Maximum cost in the last six months | £10,485,290 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £379,908 |
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 £379,908 more.
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