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The property has a rather oval shape with a flat and even surfaceand benefits from a 300m road frontage
Polis Crysochous, Paphos, Cyprus
REF: 227706
€13,250,000
Description
The property has a rather oval shape with a flat and even surfaceand benefits from a 300m road frontage. It is adjacent to Crystodoulou Papanikopoulou Street on its southern boundary and to the sea protection zone on its northern boundary. The total area of the field is 64,058sqm with part of the field, c. 43,560sqm; falling into the touristic planning zone Τ3δ2α, including 12,254sqm that fall into the beach protection zone and the Natura 2000 scheme. The remaining 20,498sqm of the field fall into the protected planning zone (Δα2).
The property is located in a prime tourist area of Polis Chrysochous, consisting solely of holiday houses, hotels, shops, and other tourist establishments. It has excellent accessibility to village centre, as well as to the surrounding areas, where a plethora of facilities and services can be found.
The property has the potential to be covered by all utility services (water, electricity and telecommunication).
The property falls within the following two Planning Zones:
Commercial zone Τ3δ2α with the following parameters:
- For hotels: 30% building density, 15% coverage, 2 floors and a maximum height of 10m
- For touristic village: 20% building density, 15% coverage, 2 floors and a maximum height of 10m
- For houses: 15% building density, 15% coverage, 2 floors and a maximum height of 10m and Protected zone Δα2 with a maximum building density coefficient of 1%, a land coverage coefficient of 1%, over 1 floor and 5 meters height.
The field falls within the NATURA 2000 scheme.
The property has a rather oval shape with a flat and even surfaceand benefits from a 300m road frontage. It is adjacent to Crystodoulou Papanikopoulou Street on its southern boundary and to the sea protection zone on its northern boundary. The total area of the field is 64,058sqm with part of the field, c. 43,560sqm; falling into the touristic planning zone Τ3δ2α, including 12,254sqm that fall into the beach protection zone and the Natura 2000 scheme. The remaining 20,498sqm of the field fall into the protected planning zone (Δα2).
The property is located in a prime tourist area of Polis Chrysochous, consisting solely of holiday houses, hotels, shops, and other tourist establishments. It has excellent accessibility to village centre, as well as to the surrounding areas, where a plethora of facilities and services can be found.
The property has the potential to be covered by all utility services (water, electricity and telecommunication).
The property falls within the following two Planning Zones:
Commercial zone Τ3δ2α with the following parameters:
- For hotels: 30% building density, 15% coverage, 2 floors and a maximum height of 10m
- For touristic village: 20% building density, 15% coverage, 2 floors and a maximum height of 10m
- For houses: 15% building density, 15% coverage, 2 floors and a maximum height of 10m and Protected zone Δα2 with a maximum building density coefficient of 1%, a land coverage coefficient of 1%, over 1 floor and 5 meters height.
The field falls within the NATURA 2000 scheme.
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Currency Exchange
Polis Crysochous, 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 €13,250,000 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 |
|---|---|---|---|
| €13,250,000 | £11,271,643 | £11,599,448 | £327,805 |
| Property Price € | €13,250,000 |
| Minimum cost in the last six months | £11,271,643 |
| Maximum cost in the last six months | £11,599,448 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £327,805 |
Polis Crysochous, 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 €13,250,000 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 |
|---|---|---|---|
| €13,250,000 | £11,271,643 | £11,599,448 | £327,805 |
| Property Price € | €13,250,000 |
| Minimum cost in the last six months | £11,271,643 |
| Maximum cost in the last six months | £11,599,448 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £327,805 |
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 £327,805 more.
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