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Apartment Penthouse in Agios Nikolaos, Limassol
5684, Cyprus
REF: 872976
€583,000
Description
Reference ID: #SA34908Price details: 583,000 +VATBuilding is situated in Limassol's city center, just a 15-minute walk from the beach.The development includes one, two, and three-bedroom units, as well as stylish penthouses.This prime location supports both high demand for short-term and long-term rentals with strong potential for capital appreciation.Market Insights:Open Market Rentals: 1-Bedrooms: 2,000 - 2,200 per month. 2-Bedrooms: 2,700 - 2,900 per month. Rental Growth: The area has seen a 45%+ increase in rental rates over the past three years, indicating strong market trends for continued growth. Value Appreciation: The neighborhood is thriving, with significant potential for property value appreciation.Location Benefits: Proximity to Amenities: Close to shopping, dining, entertainment, and excellent public transport links. Accessibility: Easy access to the motorway Investment Highlights: High Demand: Central location ensures high demand for both long-term and short-term rentals. Yield Potential: Competitive off-plan pricing with a promising high yield and return on investment.Project presents a lucrative investment opportunity with strong rental yields and the potential for significant value appreciation in a growing neighbourhood.Covered area: 96 sq.m.Covered veranda: 25 sq.m.Roof garden: 36 sq.m.PLUS V.A.T
Reference ID: #SA34908Price details: 583,000 +VATBuilding is situated in Limassol's city center, just a 15-minute walk from the beach.The development includes one, two, and three-bedroom units, as well as stylish penthouses.This prime location supports both high demand for short-term and long-term rentals with strong potential for capital appreciation.Market Insights:Open Market Rentals: 1-Bedrooms: 2,000 - 2,200 per month. 2-Bedrooms: 2,700 - 2,900 per month. Rental Growth: The area has seen a 45%+ increase in rental rates over the past three years, indicating strong market trends for continued growth. Value Appreciation: The neighborhood is thriving, with significant potential for property value appreciation.Location Benefits: Proximity to Amenities: Close to shopping, dining, entertainment, and excellent public transport links. Accessibility: Easy access to the motorway Investment Highlights: High Demand: Central location ensures high demand for both long-term and short-term rentals. Yield Potential: Competitive off-plan pricing with a promising high yield and return on investment.Project presents a lucrative investment opportunity with strong rental yields and the potential for significant value appreciation in a growing neighbourhood.Covered area: 96 sq.m.Covered veranda: 25 sq.m.Roof garden: 36 sq.m.PLUS V.A.T
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Currency Exchange
5684, 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 €583,000 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 |
|---|---|---|---|
| €583,000 | £484,852 | £501,741 | £16,890 |
| Property Price € | €583,000 |
| Minimum cost in the last six months | £484,852 |
| Maximum cost in the last six months | £501,741 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,890 |
5684, 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 €583,000 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 |
|---|---|---|---|
| €583,000 | £484,852 | £501,741 | £16,890 |
| Property Price € | €583,000 |
| Minimum cost in the last six months | £484,852 |
| Maximum cost in the last six months | £501,741 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £16,890 |
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 £16,890 more.
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