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Other, For Sale, Limassol, Polemidia Kato
Polemidia Kato, Cyprus
REF: 885163
€1,600,000
Description
Residential Field: Presenting this spectacular residential field spanning 8362m² land area, located in Kato Polemidia, offering quick access to the highway with just a 10 minutes€™ drive to Limassol City Center, close to all necessary amenities, but also in a quiet suburban area. This is an excellent investment opportunity for the development of a residential complex of modern flats or houses which can be sold swiftly due to the project's prime location and the surrounding area. Process of acquiring a planning permit for 9 residential plots. Estimated sizes of the plots: from 555m² to 664m². The residential field is flat and falls into the residential zone Ka7 with the following development characteristics: -80% Building Density -45% Coverage -3 Floors -13.5m Height Title Deed available.
Residential Field: Presenting this spectacular residential field spanning 8362m² land area, located in Kato Polemidia, offering quick access to the highway with just a 10 minutes€™ drive to Limassol City Center, close to all necessary amenities, but also in a quiet suburban area. This is an excellent investment opportunity for the development of a residential complex of modern flats or houses which can be sold swiftly due to the project's prime location and the surrounding area. Process of acquiring a planning permit for 9 residential plots. Estimated sizes of the plots: from 555m² to 664m². The residential field is flat and falls into the residential zone Ka7 with the following development characteristics: -80% Building Density -45% Coverage -3 Floors -13.5m Height Title Deed available.
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Currency Exchange
Polemidia Kato, 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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
Polemidia Kato, 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 €1,600,000 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 |
|---|---|---|---|
| €1,600,000 | £1,325,296 | £1,375,120 | £49,824 |
| Property Price € | €1,600,000 |
| Minimum cost in the last six months | £1,325,296 |
| Maximum cost in the last six months | £1,375,120 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £49,824 |
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 £49,824 more.
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