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An investment opportunity in one of the most desirable locations near Protaras
Ayia Triada, Famagusta, Cyprus
REF: 926444
€595,000
Description
An investment opportunity in one of the most desirable locations near Protaras.
This nice shaped plot of land sized at 2800 m is located within walking distance to lovely blue flag sandy bays and all year round amenities, including shops, supermarkets, bars, tavernas and restaurants.
The plot is within Τ1στ2 Zone and is ideal for the following options:
- Residential development - Building Density at 30% with 25% Coverage, 2 floors allowed up to 10 meters.
- Development of holiday resort, villas, apartments - Building Density at 40% with 25% Coverage, 2 floors allowed up to 10 meters.
According to legislation the investor could apply to buy an extra 6% building density.
Conveniently situated in Ayia Triada touristic area, in a very quiet location, this plot is ideal for both permanent residency as well as holidays. Highly recommended for viewing.
An investment opportunity in one of the most desirable locations near Protaras.
This nice shaped plot of land sized at 2800 m is located within walking distance to lovely blue flag sandy bays and all year round amenities, including shops, supermarkets, bars, tavernas and restaurants.
The plot is within Τ1στ2 Zone and is ideal for the following options:
- Residential development - Building Density at 30% with 25% Coverage, 2 floors allowed up to 10 meters.
- Development of holiday resort, villas, apartments - Building Density at 40% with 25% Coverage, 2 floors allowed up to 10 meters.
According to legislation the investor could apply to buy an extra 6% building density.
Conveniently situated in Ayia Triada touristic area, in a very quiet location, this plot is ideal for both permanent residency as well as holidays. Highly recommended for viewing.
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Currency Exchange
Ayia Triada, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £490,221 | £511,373 | £21,152 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £490,221 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,152 |
Ayia Triada, 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 €595,000 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 |
|---|---|---|---|
| €595,000 | £490,221 | £511,373 | £21,152 |
| Property Price € | €595,000 |
| Minimum cost in the last six months | £490,221 |
| Maximum cost in the last six months | £511,373 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,152 |
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 £21,152 more.
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