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Commercial in City Center, Nicosia
5804, Cyprus
REF: 643366
€2,470,000
Description
Reference ID: #17110Price details: 2,470,000A plot of 790 sqm is available for sale in the heart of Nicosia in the Trypiotis quarter.The subject property has a rectangular shape and a flat even surface. At its north border it benefits from a road frontage of circa 35m along Andrea Demetriou street and is currently used as parking space.The immediate area consists of multi-storey developments, which are mainly shops, cafes, including some of the best known restaurants in Nicosia, and offices at the ground floors and flats on the remaining floors. In the wider area there are many landmark buildings housing public organisations including the Ministry of Labour and Social Insurance, Cyprus Neuroscience Technology Institute and the THOC premises.The plot benefits from falling in planning zone Ea1 (commercial) allowing 250% building density, 40% coverage, 14 floors and a maximum height of 52m with further incentives available.
Reference ID: #17110Price details: 2,470,000A plot of 790 sqm is available for sale in the heart of Nicosia in the Trypiotis quarter.The subject property has a rectangular shape and a flat even surface. At its north border it benefits from a road frontage of circa 35m along Andrea Demetriou street and is currently used as parking space.The immediate area consists of multi-storey developments, which are mainly shops, cafes, including some of the best known restaurants in Nicosia, and offices at the ground floors and flats on the remaining floors. In the wider area there are many landmark buildings housing public organisations including the Ministry of Labour and Social Insurance, Cyprus Neuroscience Technology Institute and the THOC premises.The plot benefits from falling in planning zone Ea1 (commercial) allowing 250% building density, 40% coverage, 14 floors and a maximum height of 52m with further incentives available.
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Currency Exchange
5804, 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 €2,470,000 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 |
|---|---|---|---|
| €2,470,000 | £2,101,204 | £2,165,054 | £63,850 |
| Property Price € | €2,470,000 |
| Minimum cost in the last six months | £2,101,204 |
| Maximum cost in the last six months | £2,165,054 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,850 |
5804, 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 €2,470,000 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 |
|---|---|---|---|
| €2,470,000 | £2,101,204 | £2,165,054 | £63,850 |
| Property Price € | €2,470,000 |
| Minimum cost in the last six months | £2,101,204 |
| Maximum cost in the last six months | £2,165,054 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £63,850 |
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 £63,850 more.
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