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Building, For Sale, Paphos, Pegeia
Pegeia, Cyprus
REF: 887178
€480,000
Description
The property under consideration concerns a building complex under construction, located in the Municipality of Pegeia, in Paphos It borders along its southern boundary on a registered road with a frontage of approximately 28 meters and along its western boundary on green area. Within this plot, a building complex is being constructed, consisting of 1 one-bedroom and 1 two-bedroom apartment on the ground floor. The first floor will comprise of two one-bedroom apartment and two two-bedroom apartments. The second floor will consist of a three-bedroom apartment with a large uncovered terrace. Total number of apartments in the building: 3 x 1 bedroom 3 x 2 bedroom 1 x 3 bedroom The basement will consist of parking spaces and auxiliary areas. The complex will be served by an elevator, a swimming pool, communal showers, toilets, and changing rooms. At this stage, the reinforced concrete skeleton has been constructed, bricks have been laid, and plastering has been completed. Additionally, part of the electrical installations and part of the painting have been completed. Work on the construction of the swimming pool has not yet commenced, and the finishing works on the building have been halted for some time.
The property under consideration concerns a building complex under construction, located in the Municipality of Pegeia, in Paphos It borders along its southern boundary on a registered road with a frontage of approximately 28 meters and along its western boundary on green area. Within this plot, a building complex is being constructed, consisting of 1 one-bedroom and 1 two-bedroom apartment on the ground floor. The first floor will comprise of two one-bedroom apartment and two two-bedroom apartments. The second floor will consist of a three-bedroom apartment with a large uncovered terrace. Total number of apartments in the building: 3 x 1 bedroom 3 x 2 bedroom 1 x 3 bedroom The basement will consist of parking spaces and auxiliary areas. The complex will be served by an elevator, a swimming pool, communal showers, toilets, and changing rooms. At this stage, the reinforced concrete skeleton has been constructed, bricks have been laid, and plastering has been completed. Additionally, part of the electrical installations and part of the painting have been completed. Work on the construction of the swimming pool has not yet commenced, and the finishing works on the building have been halted for some time.
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Currency Exchange
Pegeia, 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 €480,000 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 |
|---|---|---|---|
| €480,000 | £399,302 | £413,098 | £13,795 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £399,302 |
| Maximum cost in the last six months | £413,098 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,795 |
Pegeia, 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 €480,000 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 |
|---|---|---|---|
| €480,000 | £399,302 | £413,098 | £13,795 |
| Property Price € | €480,000 |
| Minimum cost in the last six months | £399,302 |
| Maximum cost in the last six months | £413,098 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,795 |
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 £13,795 more.
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