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Location Located in Coral Bay of Pegeia Paphos, one of the most popular tourist destination in the north of the city of Paphos with over 2 million guests annually visiting the famous Coral Bay Beach, the most Blue-Flag awarded beach in Cyprus
Coral Bay, Paphos, Cyprus
REF: 115700
€2,500,000
Description
Location Located in Coral Bay of Pegeia Paphos, one of the most popular tourist destination in the north of the city of Paphos with over 2 million guests annually visiting the famous Coral Bay Beach, the most Blue-Flag awarded beach in Cyprus. Coral Bay tourist strip on its own is a small culinary experience for every taste hosting from highly awarded Chinese, Japanese, Indian, Steak Houses and of course Cypriot cuisines. It is an enclave for fine dining, night life scene, clubs, but also offers tranquility to switch of and relax under the Mediterranean sun. Project Coral Residences consists of 20 apartments, 12 villas and all serviced by a club house with a boutique hotel theme. It is the only freehold plot that adjoins with the Government Marina and will provide such services as 24 hour security, spa & massage, sauna, gym and concierge service. The total plot size is 13.436m , with a buildable area size of 5.143m . Privacy is ensured due to the fact of a boundary of green area between the closest neighboring plot. This 4 bedroom villa is within a private and secure location, they are free hold properties, they qualify for acquiring permanent residency and European passport and present investment opportunities. Features Close to Akamas Peninsula Clubhouse Landscaped Gardens Luxury Finishes Marble Floors Next to Marina Secure Environment Swimming Pool Price + VAT
Location Located in Coral Bay of Pegeia Paphos, one of the most popular tourist destination in the north of the city of Paphos with over 2 million guests annually visiting the famous Coral Bay Beach, the most Blue-Flag awarded beach in Cyprus. Coral Bay tourist strip on its own is a small culinary experience for every taste hosting from highly awarded Chinese, Japanese, Indian, Steak Houses and of course Cypriot cuisines. It is an enclave for fine dining, night life scene, clubs, but also offers tranquility to switch of and relax under the Mediterranean sun. Project Coral Residences consists of 20 apartments, 12 villas and all serviced by a club house with a boutique hotel theme. It is the only freehold plot that adjoins with the Government Marina and will provide such services as 24 hour security, spa & massage, sauna, gym and concierge service. The total plot size is 13.436m , with a buildable area size of 5.143m . Privacy is ensured due to the fact of a boundary of green area between the closest neighboring plot. This 4 bedroom villa is within a private and secure location, they are free hold properties, they qualify for acquiring permanent residency and European passport and present investment opportunities. Features Close to Akamas Peninsula Clubhouse Landscaped Gardens Luxury Finishes Marble Floors Next to Marina Secure Environment Swimming Pool Price + VAT
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Currency Exchange
Coral Bay, Paphos, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,126,725 | £2,191,225 | £64,500 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,126,725 |
| Maximum cost in the last six months | £2,191,225 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £64,500 |
Coral Bay, Paphos, 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 €2,500,000 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 |
|---|---|---|---|
| €2,500,000 | £2,126,725 | £2,191,225 | £64,500 |
| Property Price € | €2,500,000 |
| Minimum cost in the last six months | £2,126,725 |
| Maximum cost in the last six months | £2,191,225 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £64,500 |
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 £64,500 more.
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