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Land, For Sale, Limassol, Parekklisia
Parekklisia, Cyprus
REF: 914064
€1,250,000
Description
An exceptional opportunity to acquire two adjacent residential plots, sold together, totaling 1,503 sq.m., near the core of Parekklisia village, Limassol. Located in the H2 residential zone, this property offers an impressive 90% building density, 50% coverage, and an allowable height of up to 8.30m, making it ideal for luxury residences or a modern apartment building. The combined plots feature an extensive road frontage, providing excellent access and flexibility for development. Parekklisia is renowned as one of the most sought-after residential destinations in Eastern Limassol, offering a peaceful village atmosphere while being close to city amenities. The property comes with an available architectural study for apartments and shops, further enhancing its development potential. With a title deed free of encumbrances, this land is a perfect choice for developers or investors seeking a premium location for their next project.
An exceptional opportunity to acquire two adjacent residential plots, sold together, totaling 1,503 sq.m., near the core of Parekklisia village, Limassol. Located in the H2 residential zone, this property offers an impressive 90% building density, 50% coverage, and an allowable height of up to 8.30m, making it ideal for luxury residences or a modern apartment building. The combined plots feature an extensive road frontage, providing excellent access and flexibility for development. Parekklisia is renowned as one of the most sought-after residential destinations in Eastern Limassol, offering a peaceful village atmosphere while being close to city amenities. The property comes with an available architectural study for apartments and shops, further enhancing its development potential. With a title deed free of encumbrances, this land is a perfect choice for developers or investors seeking a premium location for their next project.
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Currency Exchange
Parekklisia, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,029,875 | £1,074,313 | £44,438 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,029,875 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,438 |
Parekklisia, 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 €1,250,000 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 |
|---|---|---|---|
| €1,250,000 | £1,029,875 | £1,074,313 | £44,438 |
| Property Price € | €1,250,000 |
| Minimum cost in the last six months | £1,029,875 |
| Maximum cost in the last six months | £1,074,313 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £44,438 |
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 £44,438 more.
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