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Building, For Sale, Paphos, Kato Paphos
Kato Paphos, Cyprus
REF: 902635
€5,500,000
Description
Commercial and Residential Complex with Shops and Swimming Pool For Sale in Kato Paphos Commercial and Residential Complex with Shops and Swimming Pool in the heart of the tourist area of €‹€‹Kato Paphos.2.500m² Covered Area and 3.600m² Lot Available Area. Year of construction 2000. The complex is Ideal to be used as a Hotel, Clinic, Educational Institution, Elderly Care Unit or any other new development. For larger requirements there is the possibility of expansion by 1.600m² more with an additional area which we also have available for sale. The band consists of 20 apartments with 40 beds in total (single and double). 6 Studios 1 + 2 rooms 8 Stores normally with 60m² loft 2 Large stores 120-180m², one of which has a basement. 1 House 120m² which can be divided into 3 Studios.
Commercial and Residential Complex with Shops and Swimming Pool For Sale in Kato Paphos Commercial and Residential Complex with Shops and Swimming Pool in the heart of the tourist area of €‹€‹Kato Paphos.2.500m² Covered Area and 3.600m² Lot Available Area. Year of construction 2000. The complex is Ideal to be used as a Hotel, Clinic, Educational Institution, Elderly Care Unit or any other new development. For larger requirements there is the possibility of expansion by 1.600m² more with an additional area which we also have available for sale. The band consists of 20 apartments with 40 beds in total (single and double). 6 Studios 1 + 2 rooms 8 Stores normally with 60m² loft 2 Large stores 120-180m², one of which has a basement. 1 House 120m² which can be divided into 3 Studios.
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Currency Exchange
Kato Paphos, 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 €5,500,000 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 |
|---|---|---|---|
| €5,500,000 | £4,555,705 | £4,726,975 | £171,270 |
| Property Price € | €5,500,000 |
| Minimum cost in the last six months | £4,555,705 |
| Maximum cost in the last six months | £4,726,975 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £171,270 |
Kato Paphos, 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 €5,500,000 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 |
|---|---|---|---|
| €5,500,000 | £4,555,705 | £4,726,975 | £171,270 |
| Property Price € | €5,500,000 |
| Minimum cost in the last six months | £4,555,705 |
| Maximum cost in the last six months | £4,726,975 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £171,270 |
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 £171,270 more.
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