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A great development opportunity
Pyrgos, Limassol, Cyprus
REF: 115686
€750,000
Description
A great development opportunity. Do not miss your chance to secure this exceptional 4236sqm of prime land that is approved for a project of either detached villas or townhouse complex in what is quickly becoming a very sought after area. Pyrgos is within the Limassol district only 13kms east of the city and conveniently placed only minutes away from the main highway that connects Limassol with Nicosia. Only a short 10 min drive away from the city centre and 5 minutes to local beaches, it is close enough to enjoy everything Limassol has to offer but still give you a relaxed home life in a tranquil setting, making this location ideal for someone looking to invest in their long term family home or summer holiday home. For the smart investor looking at a development that will open up a number of resale options, the chance to secure your financial future with a project that will appeal to both the local and international markets and enable you to enjoy the rewards this investment could bring. Sold with Title deeds and approved Planning permission of 30%.
A great development opportunity. Do not miss your chance to secure this exceptional 4236sqm of prime land that is approved for a project of either detached villas or townhouse complex in what is quickly becoming a very sought after area. Pyrgos is within the Limassol district only 13kms east of the city and conveniently placed only minutes away from the main highway that connects Limassol with Nicosia. Only a short 10 min drive away from the city centre and 5 minutes to local beaches, it is close enough to enjoy everything Limassol has to offer but still give you a relaxed home life in a tranquil setting, making this location ideal for someone looking to invest in their long term family home or summer holiday home. For the smart investor looking at a development that will open up a number of resale options, the chance to secure your financial future with a project that will appeal to both the local and international markets and enable you to enjoy the rewards this investment could bring. Sold with Title deeds and approved Planning permission of 30%.
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Currency Exchange
Pyrgos, Limassol, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £638,018 | £657,405 | £19,388 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £638,018 |
| Maximum cost in the last six months | £657,405 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,388 |
Pyrgos, Limassol, 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 €750,000 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 |
|---|---|---|---|
| €750,000 | £638,018 | £657,405 | £19,388 |
| Property Price € | €750,000 |
| Minimum cost in the last six months | £638,018 |
| Maximum cost in the last six months | £657,405 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £19,388 |
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 £19,388 more.
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