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An investment opportunity at one of the most desirable locations of the whole island! This nice shaped plot of land sized at 3742 m is adjacent to an asphalt road and is located just a few hundred meters away from lovely sandy bays (some are blue flag awarded) and just 600 meters from numerous a
Kapparis, Famagusta, Cyprus
REF: 926354
€900,000
Description
An investment opportunity at one of the most desirable locations of the whole island!
This nice shaped plot of land sized at 3742 m is adjacent to an asphalt road and is located just a few hundred meters away from lovely sandy bays (some are blue flag awarded) and just 600 meters from numerous amenities, including shops, supermarkets, bars, tavernas and restaurants open all year round.
The plot is within Τ1στ2 Zone with Building Density at 30% with 25% Coverage, 2 floors allowed up to 10 meters for Residential Developments. According to legislation the investor could apply to buy an extra 6% building density.
The municipal new zoning also allows the following additional options:
Development of a hotel - Building Density at 50% with 25% Coverage, 3 floors allowed up to 13.5 meters.
Development of holiday resort, villas, apartments - Building Density at 40% with 25% Coverage, 2 floors allowed up to 10 meters.
Conveniently situated in Kapparis touristic area, this plot is ideal for both permanent residency as well as holidays.
Due to elevation any development will benefit from amazing sea views especially on upper floors and roof gardens.This is an ideal property to construct between 6-8 detached luxury villas.
Kapparis Area
The area includes some awarded sandy bays, exceptional fine dining, great amenities and is increasing in popularity due to its diverse nature.
Kapparis resort connects with an amazing coastal promenade that stretches for more than 4 kilometers, connecting with the area of Pernera along to the famous Fig Tree Bay beach as well as the fishing shelter of Agios Nikolaos, the new World Class Marina and several blue flag sandy bays and amenities.
It offers the visitors the possibility to explore more of the area and at the same time discover a treasure of wonderful beaches. It is ideal for walking or jogging as you enjoy the sunset over the blue waters of the Mediterranean.
Just 5 minutes' from Paralimni town center and the highway and 10 minutes' drive to Protaras Center, Kapparis resort keeps upgrading with the main road network offering parking spaces on both sides (parallel parking), attractive new pavements, green lanes on both sides, a bike path on the right side of the road, pedestrian crossings and bus stops.
An investment opportunity at one of the most desirable locations of the whole island!
This nice shaped plot of land sized at 3742 m is adjacent to an asphalt road and is located just a few hundred meters away from lovely sandy bays (some are blue flag awarded) and just 600 meters from numerous amenities, including shops, supermarkets, bars, tavernas and restaurants open all year round.
The plot is within Τ1στ2 Zone with Building Density at 30% with 25% Coverage, 2 floors allowed up to 10 meters for Residential Developments. According to legislation the investor could apply to buy an extra 6% building density.
The municipal new zoning also allows the following additional options:
Development of a hotel - Building Density at 50% with 25% Coverage, 3 floors allowed up to 13.5 meters.
Development of holiday resort, villas, apartments - Building Density at 40% with 25% Coverage, 2 floors allowed up to 10 meters.
Conveniently situated in Kapparis touristic area, this plot is ideal for both permanent residency as well as holidays.
Due to elevation any development will benefit from amazing sea views especially on upper floors and roof gardens.This is an ideal property to construct between 6-8 detached luxury villas.
Kapparis Area
The area includes some awarded sandy bays, exceptional fine dining, great amenities and is increasing in popularity due to its diverse nature.
Kapparis resort connects with an amazing coastal promenade that stretches for more than 4 kilometers, connecting with the area of Pernera along to the famous Fig Tree Bay beach as well as the fishing shelter of Agios Nikolaos, the new World Class Marina and several blue flag sandy bays and amenities.
It offers the visitors the possibility to explore more of the area and at the same time discover a treasure of wonderful beaches. It is ideal for walking or jogging as you enjoy the sunset over the blue waters of the Mediterranean.
Just 5 minutes' from Paralimni town center and the highway and 10 minutes' drive to Protaras Center, Kapparis resort keeps upgrading with the main road network offering parking spaces on both sides (parallel parking), attractive new pavements, green lanes on both sides, a bike path on the right side of the road, pedestrian crossings and bus stops.
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Currency Exchange
Kapparis, Famagusta, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £741,510 | £773,505 | £31,995 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £741,510 |
| Maximum cost in the last six months | £773,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,995 |
Kapparis, Famagusta, 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 €900,000 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 |
|---|---|---|---|
| €900,000 | £741,510 | £773,505 | £31,995 |
| Property Price € | €900,000 |
| Minimum cost in the last six months | £741,510 |
| Maximum cost in the last six months | £773,505 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £31,995 |
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 £31,995 more.
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