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Other, For Sale, Paphos, Pegeia
Pegeia, Cyprus
REF: 897004
€400,000
Description
Residential land in an attractive location in Pegeia Municipality, at a distance of 1.1 km (approx.) west of Pegeia Town Hall. The property is ideally situated close to an abundance of amenities and services such as supermarkets, shops, restaurants, schools etc. It enjoys excellent access to the Paphos town center and the €œCoral Bay€ beach. Moreover, the magical Sea Caves and the impressive Avakas Gorge are also a short drive away. The parcel has an irregular shape and an inclined surface. Specifically the parcel corresponds to inexhaustible development rights of an area of 3.290 sqm with a separate title deed which correspond to the vacant part of the property. The land area is 10.155 sqm (approx.). The property is part of a large scale residential development. It is considered as an appealing investment opportunity. The property has acquired a planning permit for the construction of 24 houses.
Residential land in an attractive location in Pegeia Municipality, at a distance of 1.1 km (approx.) west of Pegeia Town Hall. The property is ideally situated close to an abundance of amenities and services such as supermarkets, shops, restaurants, schools etc. It enjoys excellent access to the Paphos town center and the €œCoral Bay€ beach. Moreover, the magical Sea Caves and the impressive Avakas Gorge are also a short drive away. The parcel has an irregular shape and an inclined surface. Specifically the parcel corresponds to inexhaustible development rights of an area of 3.290 sqm with a separate title deed which correspond to the vacant part of the property. The land area is 10.155 sqm (approx.). The property is part of a large scale residential development. It is considered as an appealing investment opportunity. The property has acquired a planning permit for the construction of 24 houses.
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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 €400,000 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 |
|---|---|---|---|
| €400,000 | £332,752 | £344,248 | £11,496 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £332,752 |
| Maximum cost in the last six months | £344,248 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,496 |
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 €400,000 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 |
|---|---|---|---|
| €400,000 | £332,752 | £344,248 | £11,496 |
| Property Price € | €400,000 |
| Minimum cost in the last six months | £332,752 |
| Maximum cost in the last six months | £344,248 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,496 |
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 £11,496 more.
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