Residential in Panthea, Limassol

5730, Cyprus

For Sale

€420,000

REF: 884339 €420,000


Description

Reference ID: #SA35074Price details: 420,000 +VATPlot for Joint Venture in Panthea 526 sqm with panoramic views of Limassol.This plot features a height difference and has access from two roads, with one being a dead-end. It allows for the construction of up to 3 floors. Open to joint venture proposals.Plot Area: 526 sqmBuilding Zone: Ka7 (Residential Area)Building Density: 80%Coverage: 45%Floors: Up to 3Maximum Height: 13.5mAn excellent opportunity for development in a prime location with stunning views.
Reference ID: #SA35074Price details: 420,000 +VATPlot for Joint Venture in Panthea 526 sqm with panoramic views of Limassol.This plot features a height difference and has access from two roads, with one being a dead-end. It allows for the construction of up to 3 floors. Open to joint venture proposals.Plot Area: 526 sqmBuilding Zone: Ka7 (Residential Area)Building Density: 80%Coverage: 45%Floors: Up to 3Maximum Height: 13.5mAn excellent opportunity for development in a prime location with stunning views.
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Property on Map

#SA35074

Currency Exchange

5730, 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 €420,000 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
€420,000 £349,390 £361,460 £12,071
Property Price € €420,000
Minimum cost in the last six months £349,390
Maximum cost in the last six months £361,460
Fluctuating exchange rates over the last six months could have increased the cost of this property by £12,071

5730, 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 €420,000 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
€420,000 £349,390 £361,460 £12,071
Property Price € €420,000
Minimum cost in the last six months £349,390
Maximum cost in the last six months £361,460
Fluctuating exchange rates over the last six months could have increased the cost of this property by £12,071

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 £12,071 more.

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