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Residential in Vasa Koilaniou, Limassol
5658, Cyprus
REF: 641964
€169,000
Description
Reference ID: #SA29722Price details: 169,000Off plan ultra-modern licensed wine suite project is designed and located in the heart of the wine routes of Cyprus in the village of Vasa Koilaniou, on the footsteps of picturesque Troodos mountains. The village offers three local taverns, coffeshops, minimarket, two museums, natural trails and two wineries.Currently there is an old house with land either to be developed or just refurbish the old house and get either way 50% government subsidy with maximum amount 200,000 EurosOnly a few minutes drive to Omodos village and Platres Resort, renown wineries, monasteries, natural trails, waterfalls, dams, and other places of natural beauty and history.The project has already a town planning permit in place (touristic license) with pre approved government subsidies and can develop either a 2 bed houseand 2 wine suites project with a wine cellar and roof garden with BBQ and Jacuzzi area and is eligible to governmental subsidies. An extra wine suite can be added without government subsidies.Plot is located really in the heart of the village, surrounded by well preserved properties, plot size 242 m2, 120% building density and 11,3m height, can be accessed by two street/paths and in south facing.Building meters allowed 242 m2 or 302m2 .
Reference ID: #SA29722Price details: 169,000Off plan ultra-modern licensed wine suite project is designed and located in the heart of the wine routes of Cyprus in the village of Vasa Koilaniou, on the footsteps of picturesque Troodos mountains. The village offers three local taverns, coffeshops, minimarket, two museums, natural trails and two wineries.Currently there is an old house with land either to be developed or just refurbish the old house and get either way 50% government subsidy with maximum amount 200,000 EurosOnly a few minutes drive to Omodos village and Platres Resort, renown wineries, monasteries, natural trails, waterfalls, dams, and other places of natural beauty and history.The project has already a town planning permit in place (touristic license) with pre approved government subsidies and can develop either a 2 bed houseand 2 wine suites project with a wine cellar and roof garden with BBQ and Jacuzzi area and is eligible to governmental subsidies. An extra wine suite can be added without government subsidies.Plot is located really in the heart of the village, surrounded by well preserved properties, plot size 242 m2, 120% building density and 11,3m height, can be accessed by two street/paths and in south facing.Building meters allowed 242 m2 or 302m2 .
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Currency Exchange
5658, 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 €169,000 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 |
|---|---|---|---|
| €169,000 | £139,239 | £146,707 | £7,468 |
| Property Price € | €169,000 |
| Minimum cost in the last six months | £139,239 |
| Maximum cost in the last six months | £146,707 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,468 |
5658, 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 €169,000 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 |
|---|---|---|---|
| €169,000 | £139,239 | £146,707 | £7,468 |
| Property Price € | €169,000 |
| Minimum cost in the last six months | £139,239 |
| Maximum cost in the last six months | £146,707 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,468 |
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 £7,468 more.
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