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Land, For Sale, Paphos, Pegeia
Pegeia, Cyprus
REF: 902587
€1,950,000
Description
Residential Land for Sale in Peyia.This beautiful parcel of land is located northeast of the residential heart of Peyia Municipality, Paphos District is ready for development! Great Investment opportunity, ideal for developing Villas, Luxury Houses, and Maisonettes. The Land is in close proximity to the sea and has perfect accessibility to surrounding areas. Plot size 12,496 sqm and is located near Potima Coastal Area (where the New Marina will be built). This large plot of land is located on the edge of a ravine with the potential of building large residences with unobstructed breath taking panoramic, mountain, city and sea views of the Mediterranean coastline.This is a prime rectangular infrastructure shaped piece of land in Zoned . The immediate area consists of semi-detached and detached tourist houses and large extents of undeveloped land. Note that a project evidently parallel exists, and also has a registered public road. The area attracts a large number of foreign buyers due to its location and is very popular with both local and foreigners due to its proximity to the beach, shops, restaurants, amenities and most importantly due to its stunning views. Prospective developers/investors need to view this plot and is location to enable them to appreciate and understand the potential it holds.
Residential Land for Sale in Peyia.This beautiful parcel of land is located northeast of the residential heart of Peyia Municipality, Paphos District is ready for development! Great Investment opportunity, ideal for developing Villas, Luxury Houses, and Maisonettes. The Land is in close proximity to the sea and has perfect accessibility to surrounding areas. Plot size 12,496 sqm and is located near Potima Coastal Area (where the New Marina will be built). This large plot of land is located on the edge of a ravine with the potential of building large residences with unobstructed breath taking panoramic, mountain, city and sea views of the Mediterranean coastline.This is a prime rectangular infrastructure shaped piece of land in Zoned . The immediate area consists of semi-detached and detached tourist houses and large extents of undeveloped land. Note that a project evidently parallel exists, and also has a registered public road. The area attracts a large number of foreign buyers due to its location and is very popular with both local and foreigners due to its proximity to the beach, shops, restaurants, amenities and most importantly due to its stunning views. Prospective developers/investors need to view this plot and is location to enable them to appreciate and understand the potential it holds.
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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 €1,950,000 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 |
|---|---|---|---|
| €1,950,000 | £1,615,205 | £1,675,928 | £60,723 |
| Property Price € | €1,950,000 |
| Minimum cost in the last six months | £1,615,205 |
| Maximum cost in the last six months | £1,675,928 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £60,723 |
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 €1,950,000 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 |
|---|---|---|---|
| €1,950,000 | £1,615,205 | £1,675,928 | £60,723 |
| Property Price € | €1,950,000 |
| Minimum cost in the last six months | £1,615,205 |
| Maximum cost in the last six months | £1,675,928 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £60,723 |
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 £60,723 more.
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