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House Detached in Germasogeia Tourist Area, Limassol
5737, Cyprus
REF: 894462
€745,000
Description
Reference ID: #SA35299Price details: 745,000 +VATThree bedroom villa with swimming pool and large plot 5min walking to the beach in heart of tourist area of Limassol.The house is located in walking distance to the beach, main supermarkets (Metro, Lidl), next to pharmacy, restaurants, and just 2min driving to the highway, giving its best location in the city of Limassol.The aree is very quiet (street with dead-end) and the views from the property are amazing. 2 big kids playgrounds are just next to the property.The property consists of:- 3 bedroom house with 3 toilets and 2 bathrooms- separate large underground floor with separate entrance that can be used either as a storage or as a separate flat for the staff or family member- swimming pool- parking on the property for 2 cars (except parking on the street). additional parking space can be created on the other side as well.The house is currently unfurnished and in raw condition inside in order for the new buyer to renovate and furnish the house according to his/her needs.It is also a great investment opportunity as it is located next to main luxury projects (sky tower, del mar, ritz carlton, etc) and just next to uprising Westminster Residences (that is currently being build just behind the fence). When this project is finished, the villa will gain on value by 30-40%.There is also a ready-made design project (made by professional architects and designers) that aims to extend the house by 100m2 more space and more luxury and modern design (the project with guidance will be given to the buyer free of charge).Title deed available.
Reference ID: #SA35299Price details: 745,000 +VATThree bedroom villa with swimming pool and large plot 5min walking to the beach in heart of tourist area of Limassol.The house is located in walking distance to the beach, main supermarkets (Metro, Lidl), next to pharmacy, restaurants, and just 2min driving to the highway, giving its best location in the city of Limassol.The aree is very quiet (street with dead-end) and the views from the property are amazing. 2 big kids playgrounds are just next to the property.The property consists of:- 3 bedroom house with 3 toilets and 2 bathrooms- separate large underground floor with separate entrance that can be used either as a storage or as a separate flat for the staff or family member- swimming pool- parking on the property for 2 cars (except parking on the street). additional parking space can be created on the other side as well.The house is currently unfurnished and in raw condition inside in order for the new buyer to renovate and furnish the house according to his/her needs.It is also a great investment opportunity as it is located next to main luxury projects (sky tower, del mar, ritz carlton, etc) and just next to uprising Westminster Residences (that is currently being build just behind the fence). When this project is finished, the villa will gain on value by 30-40%.There is also a ready-made design project (made by professional architects and designers) that aims to extend the house by 100m2 more space and more luxury and modern design (the project with guidance will be given to the buyer free of charge).Title deed available.
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Currency Exchange
5737, 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 €745,000 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 |
|---|---|---|---|
| €745,000 | £619,751 | £641,162 | £21,411 |
| Property Price € | €745,000 |
| Minimum cost in the last six months | £619,751 |
| Maximum cost in the last six months | £641,162 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,411 |
5737, 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 €745,000 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 |
|---|---|---|---|
| €745,000 | £619,751 | £641,162 | £21,411 |
| Property Price € | €745,000 |
| Minimum cost in the last six months | £619,751 |
| Maximum cost in the last six months | £641,162 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,411 |
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 £21,411 more.
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