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Apartment, For Sale, Nicosia, Nicosia Center
Nicosia Center, Cyprus
REF: 889585
€124,000
Description
Location €¢ The apartment is located on 59 Archbishop Makarios III Avenue, the most well-known street in Nicosia, with access to the city center without needing a car. External Features €¢ The apartment is on the 2nd floor, with a total area of 47 square meters indoors, a 4 square meter covered balcony and 32 sq.m uncovered area. €¢ It is fully equipped with all necessary electrical appliances and furniture, providing comfort and convenience. €¢ It has a separate kitchen and a bathroom with a shower. €¢ The large windows with double aluminum glazing offer plenty of natural light and good insulation.. Advantages Special Features €¢ A huge balcony overlooking Makariou Avenue. €¢ This apartment is an ideal choice for those seeking a comfortable and fully equipped living space in the heart of Nicosia. €¢ A great opportunity for investment with 5.81% annual yield.
Location €¢ The apartment is located on 59 Archbishop Makarios III Avenue, the most well-known street in Nicosia, with access to the city center without needing a car. External Features €¢ The apartment is on the 2nd floor, with a total area of 47 square meters indoors, a 4 square meter covered balcony and 32 sq.m uncovered area. €¢ It is fully equipped with all necessary electrical appliances and furniture, providing comfort and convenience. €¢ It has a separate kitchen and a bathroom with a shower. €¢ The large windows with double aluminum glazing offer plenty of natural light and good insulation.. Advantages Special Features €¢ A huge balcony overlooking Makariou Avenue. €¢ This apartment is an ideal choice for those seeking a comfortable and fully equipped living space in the heart of Nicosia. €¢ A great opportunity for investment with 5.81% annual yield.
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Currency Exchange
Nicosia Center, 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 €124,000 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 |
|---|---|---|---|
| €124,000 | £102,164 | £106,572 | £4,408 |
| Property Price € | €124,000 |
| Minimum cost in the last six months | £102,164 |
| Maximum cost in the last six months | £106,572 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,408 |
Nicosia Center, 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 €124,000 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 |
|---|---|---|---|
| €124,000 | £102,164 | £106,572 | £4,408 |
| Property Price € | €124,000 |
| Minimum cost in the last six months | £102,164 |
| Maximum cost in the last six months | £106,572 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,408 |
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 £4,408 more.
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