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Land, For Sale, Nicosia, Nicosia Center
Tefkrou 1, Nicosia 1066, Cyprus, Nicosia Center, Cyprus
REF: 903187
€5,300,000
Description
Location €¢ Residential/Commercial plot in a prime and central location in Nicosia Municipality. €¢ The property is ideally located in a desirable location, with convenient access to a plethora of amenities and services and an easy access to the city centre. Plot Characteristics €¢ The plot is of 1978sqm, with a regular shape. €¢ Building density 250%. €¢ Coverage ratio 40%. €¢ Zone Ea1. €¢ Can built up to 14 floors. Advantages - Special Features €¢ This unique plot in the heart of Nicosia€™s vibrant city center presents an exceptional investment opportunity. €¢ While there is an existing building on the property that will likely require demolition, the potential of this plot is undeniable. €¢ Situated in a highly sought-after location, this property stands out for its strategic positioning in the city€™s core, offering unparalleled opportunities for growth, development, and returns on investment. €¢ The rarity of a plot like this in Nicosia's center underscores its value, making it an ideal choice for forward-thinking investors and developers. .
Location €¢ Residential/Commercial plot in a prime and central location in Nicosia Municipality. €¢ The property is ideally located in a desirable location, with convenient access to a plethora of amenities and services and an easy access to the city centre. Plot Characteristics €¢ The plot is of 1978sqm, with a regular shape. €¢ Building density 250%. €¢ Coverage ratio 40%. €¢ Zone Ea1. €¢ Can built up to 14 floors. Advantages - Special Features €¢ This unique plot in the heart of Nicosia€™s vibrant city center presents an exceptional investment opportunity. €¢ While there is an existing building on the property that will likely require demolition, the potential of this plot is undeniable. €¢ Situated in a highly sought-after location, this property stands out for its strategic positioning in the city€™s core, offering unparalleled opportunities for growth, development, and returns on investment. €¢ The rarity of a plot like this in Nicosia's center underscores its value, making it an ideal choice for forward-thinking investors and developers. .
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Currency Exchange
Tefkrou 1, Nicosia 1066, Cyprus, 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 €5,300,000 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 |
|---|---|---|---|
| €5,300,000 | £4,390,043 | £4,555,085 | £165,042 |
| Property Price € | €5,300,000 |
| Minimum cost in the last six months | £4,390,043 |
| Maximum cost in the last six months | £4,555,085 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £165,042 |
Tefkrou 1, Nicosia 1066, Cyprus, 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 €5,300,000 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 |
|---|---|---|---|
| €5,300,000 | £4,390,043 | £4,555,085 | £165,042 |
| Property Price € | €5,300,000 |
| Minimum cost in the last six months | £4,390,043 |
| Maximum cost in the last six months | £4,555,085 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £165,042 |
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 £165,042 more.
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