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Other, For Sale, Limassol, Agios Tychon
Agios Tychon, Cyprus
REF: 914066
€3,800,000
Description
A remarkable opportunity to acquire a stunning 5,593 sq.m. residential land in the prestigious area of Agios Tychonas, Limassol. This prime property is located in one of the most beautiful and peaceful locations, offering uninterrupted sea views overlooking the ancient Amathus archaeological park. Situated in the H5 residential zone, the land features a 30% building density, 20% coverage, and a maximum height allowance of 8.30m, making it ideal for the development of 5 to 7 luxury residences. Its elevated position ensures breathtaking views, while its proximity to the highway and the Limassol coastline provides unmatched convenience. Just a few minutes away from the beach and the city€™s renowned five-star hotels, this property blends tranquility with accessibility, making it a rare find. A preliminary architectural study for the development of luxury homes is also available, offering an excellent starting point for a high-end residential project. With a clear title deed free of encumbrances, this property is ready for development, catering to those seeking an exclusive investment opportunity in one of Limassol€™s most sought-after areas.
A remarkable opportunity to acquire a stunning 5,593 sq.m. residential land in the prestigious area of Agios Tychonas, Limassol. This prime property is located in one of the most beautiful and peaceful locations, offering uninterrupted sea views overlooking the ancient Amathus archaeological park. Situated in the H5 residential zone, the land features a 30% building density, 20% coverage, and a maximum height allowance of 8.30m, making it ideal for the development of 5 to 7 luxury residences. Its elevated position ensures breathtaking views, while its proximity to the highway and the Limassol coastline provides unmatched convenience. Just a few minutes away from the beach and the city€™s renowned five-star hotels, this property blends tranquility with accessibility, making it a rare find. A preliminary architectural study for the development of luxury homes is also available, offering an excellent starting point for a high-end residential project. With a clear title deed free of encumbrances, this property is ready for development, catering to those seeking an exclusive investment opportunity in one of Limassol€™s most sought-after areas.
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Currency Exchange
Agios Tychon, 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 €3,800,000 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 |
|---|---|---|---|
| €3,800,000 | £3,130,820 | £3,265,910 | £135,090 |
| Property Price € | €3,800,000 |
| Minimum cost in the last six months | £3,130,820 |
| Maximum cost in the last six months | £3,265,910 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £135,090 |
Agios Tychon, 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 €3,800,000 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 |
|---|---|---|---|
| €3,800,000 | £3,130,820 | £3,265,910 | £135,090 |
| Property Price € | €3,800,000 |
| Minimum cost in the last six months | £3,130,820 |
| Maximum cost in the last six months | £3,265,910 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £135,090 |
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 £135,090 more.
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