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Residential Land in Astromeritis, Nicosia area
Astromeritis, Cyprus
REF: 1003693
€84,000
Description
Land of 2,050m2 with 90% building density and 50% land coverage, floors 2, high 8.3m2 -zone H2. In Cyprus, an H2 planning zone designates a residential area with specific building regulations. These regulations dictate the maximum building density, coverage, and height allowed on a plot of land. This means that a certain percentage of the land can be covered by buildings, and the total floor area of the building(s) cannot exceed a certain percentage of the land area. Astromeritis is a village in the district of Nicosia. Its altitude is 160 meters in the plain of Mesaoria or plain of Morfou as it is also known. It is 30 km far from the capital of the island. Some of the vicinal villages are Peristerona, Potami and the occupied villages Zodia and Katokopia. The village appears in the Venetian maps as Astromoriti and it was a feud during the Franks occupation.
Land of 2,050m2 with 90% building density and 50% land coverage, floors 2, high 8.3m2 -zone H2. In Cyprus, an H2 planning zone designates a residential area with specific building regulations. These regulations dictate the maximum building density, coverage, and height allowed on a plot of land. This means that a certain percentage of the land can be covered by buildings, and the total floor area of the building(s) cannot exceed a certain percentage of the land area. Astromeritis is a village in the district of Nicosia. Its altitude is 160 meters in the plain of Mesaoria or plain of Morfou as it is also known. It is 30 km far from the capital of the island. Some of the vicinal villages are Peristerona, Potami and the occupied villages Zodia and Katokopia. The village appears in the Venetian maps as Astromoriti and it was a feud during the Franks occupation.
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Currency Exchange
Astromeritis, 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 €84,000 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 |
|---|---|---|---|
| €84,000 | £69,338 | £73,527 | £4,189 |
| Property Price € | €84,000 |
| Minimum cost in the last six months | £69,338 |
| Maximum cost in the last six months | £73,527 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,189 |
Astromeritis, 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 €84,000 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 |
|---|---|---|---|
| €84,000 | £69,338 | £73,527 | £4,189 |
| Property Price € | €84,000 |
| Minimum cost in the last six months | £69,338 |
| Maximum cost in the last six months | £73,527 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £4,189 |
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 £4,189 more.
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