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Building, For Sale, Paphos, Polis Chrysochous
Polis Chrysochous, Cyprus
REF: 920646
€3,800,000
Description
The property is an 84% share of a holiday apartment complex in Polis Chrysochous. It is located in the outskirts of the city, 1,5km from Latchi harbour and 1km from the center of Polis Chrysochous. Polis Municipal beach is also within short distance. The whole project comprises 10 blocks of entirely furnished apartments (a total of 125 units) and communal spaces (2 swimming pools, a tennis /basketball / mini-football court and a children's playground). The property operates as hotel - holiday apartments. It is an ideal opportunity for investment with potential high rental income. The Energy Performance Categories of Blocks 100-300 is Energy Class €˜€™F€™€™, of Block 400 is Energy Class €˜€™E€™€™, of Blocks 500-900 is Energy Class €˜€™G€™€™ and of Block 1000 is Energy Class €˜€™D€™€™. For more info please feel free to get in touch.
The property is an 84% share of a holiday apartment complex in Polis Chrysochous. It is located in the outskirts of the city, 1,5km from Latchi harbour and 1km from the center of Polis Chrysochous. Polis Municipal beach is also within short distance. The whole project comprises 10 blocks of entirely furnished apartments (a total of 125 units) and communal spaces (2 swimming pools, a tennis /basketball / mini-football court and a children's playground). The property operates as hotel - holiday apartments. It is an ideal opportunity for investment with potential high rental income. The Energy Performance Categories of Blocks 100-300 is Energy Class €˜€™F€™€™, of Block 400 is Energy Class €˜€™E€™€™, of Blocks 500-900 is Energy Class €˜€™G€™€™ and of Block 1000 is Energy Class €˜€™D€™€™. For more info please feel free to get in touch.
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Currency Exchange
Polis Chrysochous, 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 |
Polis Chrysochous, 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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