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This plot of land is set in a great location, situated in the picturesque area of Cape Greko! The property offers a unique opportunity to enjoy spectacular unobstructed views of the serene countryside
Cape Greko, Famagusta, Cyprus
REF: 926503
€420,000
Description
This plot of land is set in a great location, situated in the picturesque area of Cape Greko! The property offers a unique opportunity to enjoy spectacular unobstructed views of the serene countryside. Having obtained preliminary planning approval from the Planning Department authorities for a building density of 10%, the property owners are eligible to seek permission for the construction of a unique villa spanning approximately 190 m . The plot is adjacent to an asphalt road and full utilities are available for immediate licensing. In addition to the 190 m area, extra spaces may include a basement, covered verandas, and parking facilities. Ideally located 20 minutes' stroll away from the sandy blue flag beach of Konnos Bay, the property offers the perfect blend of seclusion and convenience. A short drive in either direction will lead you to the bustling resorts of Protaras or Ayia Napa, offering an array of amenities, including restaurants, bars, and shops. This coveted tranquil area of Cape Greko is one of the most desirable locations on the island, with only a handful of plots available for custom-designed villas. This makes this property a rare investment opportunity with excellent potential for appreciation! Viewing highly recommended!
This plot of land is set in a great location, situated in the picturesque area of Cape Greko! The property offers a unique opportunity to enjoy spectacular unobstructed views of the serene countryside. Having obtained preliminary planning approval from the Planning Department authorities for a building density of 10%, the property owners are eligible to seek permission for the construction of a unique villa spanning approximately 190 m . The plot is adjacent to an asphalt road and full utilities are available for immediate licensing. In addition to the 190 m area, extra spaces may include a basement, covered verandas, and parking facilities. Ideally located 20 minutes' stroll away from the sandy blue flag beach of Konnos Bay, the property offers the perfect blend of seclusion and convenience. A short drive in either direction will lead you to the bustling resorts of Protaras or Ayia Napa, offering an array of amenities, including restaurants, bars, and shops. This coveted tranquil area of Cape Greko is one of the most desirable locations on the island, with only a handful of plots available for custom-designed villas. This makes this property a rare investment opportunity with excellent potential for appreciation! Viewing highly recommended!
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Currency Exchange
Cape Greko, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £346,038 | £360,969 | £14,931 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £346,038 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,931 |
Cape Greko, 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 €420,000 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 |
|---|---|---|---|
| €420,000 | £346,038 | £360,969 | £14,931 |
| Property Price € | €420,000 |
| Minimum cost in the last six months | £346,038 |
| Maximum cost in the last six months | £360,969 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,931 |
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 £14,931 more.
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