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Land, For Sale, Limassol, Parekklisia
Parekklisia, Cyprus
REF: 961964
€250,000
Description
This 1,031 sq.m. residential plot is located in the peaceful area of Parekklisia, offering 30% building density, allowing for the construction of approximately 350 sq.m. of covered areas. The plot is adjacent to a 785 sq.m. green area, ensuring no neighboring development on one side and providing privacy and a serene environment. The location is ideal, just a few hundred meters from Parekklisia€™s main road, granting easy access to supermarkets, gas stations, restaurants, and other essential amenities. The beach and seafront are only a 3 km drive away, making it an excellent choice for both permanent residence or holiday home. The plot is currently part of a share of land, with a submitted and stamped division agreement at the Land Registry. Other co-owners have already developed their sections with all necessary building permits, ensuring that the land is fully compliant with local regulations and ready for development. This offers a smooth process for potential buyers looking to develop their own property. Architectural designs for a 200 sq.m. house with a swimming pool are also available and currently pending approval by the relevant authorities.
This 1,031 sq.m. residential plot is located in the peaceful area of Parekklisia, offering 30% building density, allowing for the construction of approximately 350 sq.m. of covered areas. The plot is adjacent to a 785 sq.m. green area, ensuring no neighboring development on one side and providing privacy and a serene environment. The location is ideal, just a few hundred meters from Parekklisia€™s main road, granting easy access to supermarkets, gas stations, restaurants, and other essential amenities. The beach and seafront are only a 3 km drive away, making it an excellent choice for both permanent residence or holiday home. The plot is currently part of a share of land, with a submitted and stamped division agreement at the Land Registry. Other co-owners have already developed their sections with all necessary building permits, ensuring that the land is fully compliant with local regulations and ready for development. This offers a smooth process for potential buyers looking to develop their own property. Architectural designs for a 200 sq.m. house with a swimming pool are also available and currently pending approval by the relevant authorities.
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Currency Exchange
Parekklisia, 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 | £217,023 | £11,048 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £217,023 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,048 |
Parekklisia, 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 | £217,023 | £11,048 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £217,023 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,048 |
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 £11,048 more.
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