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Residential in Agia Varvara, Paphos
5382, Cyprus
REF: 905127
€22,450,000
Description
Reference ID: #SA32918Price details: 22,450,000The development project is constituted by residential fields, extending to about 595.810 sq.m. in total.Access to the fields is via three registered roads.This property consists of 83 land parcels with 9 semi-finished villas and an entrance building located on the borders of Ayia Varvara in Paphos district.The entrance building is a two storey completed unit.Access to the resort can be achieved through three entry points, from north, south and east.All the parcels have been merged into a single unit for the construction which remains undeveloped.There is in place infrastructure such as road network, landscaping.The asset is located approx. 2,5 km north of the highway Paphos-Limassol, approximately 1,6 km northeast of the center of the Ayia Varvara village.The project falls within Zone G3, with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (8.3m) of construction, Zone Z3, with a building coefficient of 1%, coverage of 1%, and permission for 1 floors (5m) of construction and Zone ?1, with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (8.3m) of construction
Reference ID: #SA32918Price details: 22,450,000The development project is constituted by residential fields, extending to about 595.810 sq.m. in total.Access to the fields is via three registered roads.This property consists of 83 land parcels with 9 semi-finished villas and an entrance building located on the borders of Ayia Varvara in Paphos district.The entrance building is a two storey completed unit.Access to the resort can be achieved through three entry points, from north, south and east.All the parcels have been merged into a single unit for the construction which remains undeveloped.There is in place infrastructure such as road network, landscaping.The asset is located approx. 2,5 km north of the highway Paphos-Limassol, approximately 1,6 km northeast of the center of the Ayia Varvara village.The project falls within Zone G3, with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (8.3m) of construction, Zone Z3, with a building coefficient of 1%, coverage of 1%, and permission for 1 floors (5m) of construction and Zone ?1, with a building coefficient of 10%, coverage of 10%, and permission for 2 floors (8.3m) of construction
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Currency Exchange
5382, 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 €22,450,000 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 |
|---|---|---|---|
| €22,450,000 | £18,595,560 | £19,294,653 | £699,093 |
| Property Price € | €22,450,000 |
| Minimum cost in the last six months | £18,595,560 |
| Maximum cost in the last six months | £19,294,653 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £699,093 |
5382, 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 €22,450,000 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 |
|---|---|---|---|
| €22,450,000 | £18,595,560 | £19,294,653 | £699,093 |
| Property Price € | €22,450,000 |
| Minimum cost in the last six months | £18,595,560 |
| Maximum cost in the last six months | £19,294,653 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £699,093 |
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 £699,093 more.
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