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Those who understand the high quality of life that Cyprus can provide, as well as the excellent mix of excitement and calmness in Ayia Napa, frequently take the next step: investing in real estate in or near this renowned beach resort
Ayia Napa, Famagusta, Cyprus
REF: 952697
€650,000
Description
Those who understand the high quality of life that Cyprus can provide, as well as the excellent mix of excitement and calmness in Ayia Napa, frequently take the next step: investing in real estate in or near this renowned beach resort. This plot offers 1008 square meters of land to develop a three-bedroom villa for a homeowner that appreciates comfort, quality, a stunning unobstructed sea view with an easy access to all that Ayia Napa has to offer. In a walking distance, the residents will be able to witness the picture-perfect natural rock structure of the famous sea caves, just outside of Ayia Napa. Its location, barely 200m from the beach and within walking distance of Ayia s Napa s center, this plot offers both the vibrant bustle of Ayia Napa as well as the tranquility of the natural environment. Having a separate title deed and building permit, this plot is ideal for someone that is interested in developing the home of their dreams, sooner than later. The building permit allows the new owner of the plot, the development of a 3-bedroom villa of 256.80 m2 with 44 m2 of covered verandas and a 43.50 m2 swimming pool, to enjoy alongside with the stunning sea view. Additionally, the green area of the project has already been developed, whereas the plot owner is not obliged to develop it themselves. The elevated position of the plot provides some of the most stunning sea views on the island!!
Those who understand the high quality of life that Cyprus can provide, as well as the excellent mix of excitement and calmness in Ayia Napa, frequently take the next step: investing in real estate in or near this renowned beach resort. This plot offers 1008 square meters of land to develop a three-bedroom villa for a homeowner that appreciates comfort, quality, a stunning unobstructed sea view with an easy access to all that Ayia Napa has to offer. In a walking distance, the residents will be able to witness the picture-perfect natural rock structure of the famous sea caves, just outside of Ayia Napa. Its location, barely 200m from the beach and within walking distance of Ayia s Napa s center, this plot offers both the vibrant bustle of Ayia Napa as well as the tranquility of the natural environment. Having a separate title deed and building permit, this plot is ideal for someone that is interested in developing the home of their dreams, sooner than later. The building permit allows the new owner of the plot, the development of a 3-bedroom villa of 256.80 m2 with 44 m2 of covered verandas and a 43.50 m2 swimming pool, to enjoy alongside with the stunning sea view. Additionally, the green area of the project has already been developed, whereas the plot owner is not obliged to develop it themselves. The elevated position of the plot provides some of the most stunning sea views on the island!!
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Currency Exchange
Ayia Napa, 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 €650,000 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 |
|---|---|---|---|
| €650,000 | £535,535 | £549,959 | £14,424 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £535,535 |
| Maximum cost in the last six months | £549,959 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,424 |
Ayia Napa, 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 €650,000 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 |
|---|---|---|---|
| €650,000 | £535,535 | £549,959 | £14,424 |
| Property Price € | €650,000 |
| Minimum cost in the last six months | £535,535 |
| Maximum cost in the last six months | £549,959 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £14,424 |
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 £14,424 more.
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