Other, For Sale, Limassol, Agios Tychon

Agios Tychon, Cyprus

For Sale

€4,800,000

REF: 925479 €4,800,000


Description

The specific plot has a planning and division permit for 6 plots (the division permit is ready to be issued, and the fees have been paid. Additionally, 340 sqm has been transferred from another plot to reduce the required green area from 15% to 10%. External and internal boundary delineation works have been completed and a certificate from the land registry department has been received for the completion of works.

The plot borders another plot on its northern side, which has a building density of 30% on one half and 50% on the other half. Therefore, it is anticipated that, with the upcoming zone changes, its building zone will be modified to exceed 30%. The plot has a registered road, is mostly level, and due to its morphology, it will always offer unobstructed sea views because of its elevation relative to neighboring plots.

The entire plot is for sale at the price listed, alternatively, open to selling at least 3 plots (either plots 4, 5, & 6 or plots 1, 2, & 3) at half the price. In this case, the sellers will cover the cost of dividing the plots from the advance payment received.
The specific plot has a planning and division permit for 6 plots (the division permit is ready to be issued, and the fees have been paid. Additionally, 340 sqm has been transferred from another plot to reduce the required green area from 15% to 10%. External and internal boundary delineation works have been completed and a certificate from the land registry department has been received for the completion of works.

The plot borders another plot on its northern side, which has a building density of 30% on one half and 50% on the other half. Therefore, it is anticipated that, with the upcoming zone changes, its building zone will be modified to exceed 30%. The plot has a registered road, is mostly level, and due to its morphology, it will always offer unobstructed sea views because of its elevation relative to neighboring plots.

The entire plot is for sale at the price listed, alternatively, open to selling at least 3 plots (either plots 4, 5, & 6 or plots 1, 2, & 3) at half the price. In this case, the sellers will cover the cost of dividing the plots from the advance payment received.
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Property on Map

#39876

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 €4,800,000 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
€4,800,000 £3,954,720 £4,061,232 £106,512
Property Price € €4,800,000
Minimum cost in the last six months £3,954,720
Maximum cost in the last six months £4,061,232
Fluctuating exchange rates over the last six months could have increased the cost of this property by £106,512

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 €4,800,000 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
€4,800,000 £3,954,720 £4,061,232 £106,512
Property Price € €4,800,000
Minimum cost in the last six months £3,954,720
Maximum cost in the last six months £4,061,232
Fluctuating exchange rates over the last six months could have increased the cost of this property by £106,512

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 £106,512 more.

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