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Harida, Ayia Napa, Famagusta, Cyprus
REF: 573538
€1,750,000
Description
Investment opportunity in sought after location, building project within walking distance of the famous Nissi Beach, Ayia Napa - LAYN126.This vast plot of land already has 2 x four/five bedroom eco-built properties in place, with planning permission for a further 8 detached houses on good sized plots. If required this can be amended to an apartment complex of 20 units over two stories built around a swimming pool area.An excellent investment in a highly desirable location, the plot is within walking easy distance of Nissi beach and the restaurants and bars of Nissi avenue. Furthermore the new marina at Ayia Thekla is within easy reach further increasing the investment potentialPrice advertised is EXCLUDING VAT. If applicable VAT may be charged at 19% of the advertised price.Ayia NapaAyia Napa is centred around the beautiful harbour and monastery and truly has something for everyone. From gourmet restaurants, white sand beaches, a wealth of family activities and top rated clubs and bars you will be surprised and delighted with the village. Over recent years, the resort has been significantly upgraded and the investment is truly paying dividends. Also, Ayia Napa is a lively destination all year round.Spring brings Easter and the first of many exciting festival celebrations which continue throughout the year. Each festival reflects historic, cultural and agricultural traditions of the area and always include delicious delicacies and traditional Cypriot folk dancing. Surprisingly Ayia Napa properties for sale have a high rental demand throughout the year due to it being a busy holiday resort for all nationalities during the summer and in the winter many Scandinavians retreat to the resort for a few months.
Investment opportunity in sought after location, building project within walking distance of the famous Nissi Beach, Ayia Napa - LAYN126.This vast plot of land already has 2 x four/five bedroom eco-built properties in place, with planning permission for a further 8 detached houses on good sized plots. If required this can be amended to an apartment complex of 20 units over two stories built around a swimming pool area.An excellent investment in a highly desirable location, the plot is within walking easy distance of Nissi beach and the restaurants and bars of Nissi avenue. Furthermore the new marina at Ayia Thekla is within easy reach further increasing the investment potentialPrice advertised is EXCLUDING VAT. If applicable VAT may be charged at 19% of the advertised price.Ayia NapaAyia Napa is centred around the beautiful harbour and monastery and truly has something for everyone. From gourmet restaurants, white sand beaches, a wealth of family activities and top rated clubs and bars you will be surprised and delighted with the village. Over recent years, the resort has been significantly upgraded and the investment is truly paying dividends. Also, Ayia Napa is a lively destination all year round.Spring brings Easter and the first of many exciting festival celebrations which continue throughout the year. Each festival reflects historic, cultural and agricultural traditions of the area and always include delicious delicacies and traditional Cypriot folk dancing. Surprisingly Ayia Napa properties for sale have a high rental demand throughout the year due to it being a busy holiday resort for all nationalities during the summer and in the winter many Scandinavians retreat to the resort for a few months.
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Currency Exchange
Harida, Ayia Napa, Famagusta, 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 €1,750,000 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 |
|---|---|---|---|
| €1,750,000 | £1,488,708 | £1,533,945 | £45,238 |
| Property Price € | €1,750,000 |
| Minimum cost in the last six months | £1,488,708 |
| Maximum cost in the last six months | £1,533,945 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,238 |
Harida, Ayia Napa, Famagusta, 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 €1,750,000 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 |
|---|---|---|---|
| €1,750,000 | £1,488,708 | £1,533,945 | £45,238 |
| Property Price € | €1,750,000 |
| Minimum cost in the last six months | £1,488,708 |
| Maximum cost in the last six months | £1,533,945 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £45,238 |
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 £45,238 more.
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