Apartment, For Sale, Paphos, Kato Paphos

Kato Paphos, Cyprus

For Sale

€85,000

REF: 903193 €85,000


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Description

This one-bedroom apartment in Kato Paphos is a great opportunity for both private living and rental investment. Constructed in 1989, it€™s located on the third floor of a cozy complex, just minutes away from local amenities, the town center, and the beach. The layout features an open-concept kitchen, living, and dining area, along with one bedroom and a bathroom with WC.

The apartment includes an uncovered veranda (7 sqm) for outdoor enjoyment and has an internal area of 47 sqm. It also comes with a designated parking space on the ground floor. The apartment is currently vacant and ready for immediate use. It offers excellent rental potential for both short-term and long-term leases, making it a promising investment.

Additionally, it comes with a separate title deed, ensuring straightforward ownership. This apartment is ideal for anyone looking to invest in a desirable area or find a comfortable home in Paphos.
This one-bedroom apartment in Kato Paphos is a great opportunity for both private living and rental investment. Constructed in 1989, it€™s located on the third floor of a cozy complex, just minutes away from local amenities, the town center, and the beach. The layout features an open-concept kitchen, living, and dining area, along with one bedroom and a bathroom with WC.

The apartment includes an uncovered veranda (7 sqm) for outdoor enjoyment and has an internal area of 47 sqm. It also comes with a designated parking space on the ground floor. The apartment is currently vacant and ready for immediate use. It offers excellent rental potential for both short-term and long-term leases, making it a promising investment.

Additionally, it comes with a separate title deed, ensuring straightforward ownership. This apartment is ideal for anyone looking to invest in a desirable area or find a comfortable home in Paphos.
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Property on Map

#38584

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 €85,000 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
€85,000 £70,710 £73,153 £2,443
Property Price € €85,000
Minimum cost in the last six months £70,710
Maximum cost in the last six months £73,153
Fluctuating exchange rates over the last six months could have increased the cost of this property by £2,443

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 €85,000 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
€85,000 £70,710 £73,153 £2,443
Property Price € €85,000
Minimum cost in the last six months £70,710
Maximum cost in the last six months £73,153
Fluctuating exchange rates over the last six months could have increased the cost of this property by £2,443

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 £2,443 more.

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