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A unique residential development of eight 3 bedroom luxury detached villas of a modern and contemporary design, utilizing a palette of high quality materials creating textures that are both pleasing to the eye and the touch
Frenaros, Famagusta, Cyprus
REF: 926405
€250,000
Description
A unique residential development of eight 3 bedroom luxury detached villas of a modern and contemporary design, utilizing a palette of high quality materials creating textures that are both pleasing to the eye and the touch. Located in a quiet residential area of the traditional village of Frenaros, the villas are ideal for permanent living for those who are looking to enjoy a relaxing modern living and peaceful life in Cyprus, or as a holiday home as the project is only a 10-minute drive from Ayia Napa and 15 minutes from Protaras, the most cosmopolitan and popular tourist areas of the island with the most popular beaches. The development is close to a wide range of amenities including supermarkets, traditional tavernas, restaurants, banks and schools. The ground floor consists of an open plan living, dining and kitchen area and a guest toilet. It also includes a covered garage. The first floor consists of 3 spacious bedrooms, a main bathroom and an en-suite shower in the master bedroom. The emphasis is on elegant and comfortable living spaces as well as to keep the highest standards and specifications of the market, as the long experience of the Developer indicates. With strong customer-focused philosophy, expectations are met and exceeded.
A unique residential development of eight 3 bedroom luxury detached villas of a modern and contemporary design, utilizing a palette of high quality materials creating textures that are both pleasing to the eye and the touch. Located in a quiet residential area of the traditional village of Frenaros, the villas are ideal for permanent living for those who are looking to enjoy a relaxing modern living and peaceful life in Cyprus, or as a holiday home as the project is only a 10-minute drive from Ayia Napa and 15 minutes from Protaras, the most cosmopolitan and popular tourist areas of the island with the most popular beaches. The development is close to a wide range of amenities including supermarkets, traditional tavernas, restaurants, banks and schools. The ground floor consists of an open plan living, dining and kitchen area and a guest toilet. It also includes a covered garage. The first floor consists of 3 spacious bedrooms, a main bathroom and an en-suite shower in the master bedroom. The emphasis is on elegant and comfortable living spaces as well as to keep the highest standards and specifications of the market, as the long experience of the Developer indicates. With strong customer-focused philosophy, expectations are met and exceeded.
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Currency Exchange
Frenaros, 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 €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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
Frenaros, 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 €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 |
|---|---|---|---|
| €250,000 | £205,975 | £214,863 | £8,888 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £214,863 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,888 |
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 £8,888 more.
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