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This expansive residential plot, measuring 8,462 square meters, is located in the vibrant center of Paphos, Cyprus
Pano Paphos - Up Town, Paphos, Cyprus
REF: 880091
€5,500,000
Description
This expansive residential plot, measuring 8,462 square meters, is located in the vibrant center of Paphos, Cyprus. It presents an exceptional investment opportunity for developers and investors seeking to capitalize on one of the most desirable locations in the region. The plot is ideally suited for a large-scale residential development or the creation of a luxurious private estate. Situated in the heart of Paphos, the plot benefits from its close proximity to all essential amenities, including schools, shopping centers, restaurants, and healthcare facilities. Its central location ensures easy access to major roads and public transport, while also being just a short distance from Paphos s beautiful coastline. This prime positioning offers a perfect blend of urban convenience and the peaceful charm of coastal living. Zones: Ka5 - 85% & E 5 15%
This expansive residential plot, measuring 8,462 square meters, is located in the vibrant center of Paphos, Cyprus. It presents an exceptional investment opportunity for developers and investors seeking to capitalize on one of the most desirable locations in the region. The plot is ideally suited for a large-scale residential development or the creation of a luxurious private estate. Situated in the heart of Paphos, the plot benefits from its close proximity to all essential amenities, including schools, shopping centers, restaurants, and healthcare facilities. Its central location ensures easy access to major roads and public transport, while also being just a short distance from Paphos s beautiful coastline. This prime positioning offers a perfect blend of urban convenience and the peaceful charm of coastal living. Zones: Ka5 - 85% & E 5 15%
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Currency Exchange
Pano Paphos - Up Town, Paphos, 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 €5,500,000 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 |
|---|---|---|---|
| €5,500,000 | £4,555,705 | £4,726,975 | £171,270 |
| Property Price € | €5,500,000 |
| Minimum cost in the last six months | £4,555,705 |
| Maximum cost in the last six months | £4,726,975 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £171,270 |
Pano Paphos - Up Town, Paphos, 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 €5,500,000 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 |
|---|---|---|---|
| €5,500,000 | £4,555,705 | £4,726,975 | £171,270 |
| Property Price € | €5,500,000 |
| Minimum cost in the last six months | £4,555,705 |
| Maximum cost in the last six months | £4,726,975 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £171,270 |
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 £171,270 more.
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