Price + VAT It has panoramic 180 sea views! This plot has already all the facilities installed and a title deed with total area of 1865 m2 and has access from three roads, ( including a cul-de-sac)

Konia, Paphos, Cyprus

For Sale

€1,000,000

REF: 225740 €1,000,000


1865 m2

Description

Price + VAT It has panoramic 180 sea views! This plot has already all the facilities installed and a title deed with total area of 1865 m2 and has access from three roads, ( including a cul-de-sac). It can also be divided into 3 or 4 smaller plots. It has a current density ratio of 40% but due to its elevation someone can build three 3-story, large villas, at plots of 620 m2 of apx 500 m2 total covered area, including the lower areas below the road level.

The larger villas will have full sea views and can be offered for sale from 1-1.5m euros depending on their specs. Next to it, on a plot of 1300 m2 there is a very large villa under construction for sale of 600 m2 including basement and the developer is asking 2.9m euros. You may develop also 6 smaller modern villas of 150-180 m2 covered areas on 300 m2 plots to offer them at 600-700,000.
Price + VAT It has panoramic 180 sea views! This plot has already all the facilities installed and a title deed with total area of 1865 m2 and has access from three roads, ( including a cul-de-sac). It can also be divided into 3 or 4 smaller plots. It has a current density ratio of 40% but due to its elevation someone can build three 3-story, large villas, at plots of 620 m2 of apx 500 m2 total covered area, including the lower areas below the road level.

The larger villas will have full sea views and can be offered for sale from 1-1.5m euros depending on their specs. Next to it, on a plot of 1300 m2 there is a very large villa under construction for sale of 600 m2 including basement and the developer is asking 2.9m euros. You may develop also 6 smaller modern villas of 150-180 m2 covered areas on 300 m2 plots to offer them at 600-700,000.
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Property on Map

#SL21002

Currency Exchange

Konia, 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 €1,000,000 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
€1,000,000 £850,690 £875,430 £24,740
Property Price € €1,000,000
Minimum cost in the last six months £850,690
Maximum cost in the last six months £875,430
Fluctuating exchange rates over the last six months could have increased the cost of this property by £24,740

Konia, 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 €1,000,000 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
€1,000,000 £850,690 £875,430 £24,740
Property Price € €1,000,000
Minimum cost in the last six months £850,690
Maximum cost in the last six months £875,430
Fluctuating exchange rates over the last six months could have increased the cost of this property by £24,740

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 £24,740 more.

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