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Residential in Agia Fyla, Limassol
5730, Cyprus
REF: 667459
€2,950,000
Description
Reference ID: #SA30446Price details: 2,950,000 +VATPlot for sale, located in Panthea area, Limassol district, with amazing views, easy access to hig way and close to private and public schools.The assets is covered by all utility services i.e. water, electricity and telecommunication.Plot falls within the planning zone ?a7 (Residential Zone) with building density 80 %, coverage coefficient 45 %, in floors.There have issued building and planning licences of 5 floor building with 23 apartments 1-2-3 bedroom apartments and two 3-bedroom penthouse apartments on the 5th floor with private swimming pool.Total covered area of the building is 3363 sq.m witch is devide in internal covered area of apartents 2714.50 sq.m and covered verandas 648.50 sq.m. Please note that it has spent around 650k on phase A for excavations, retaining walls, architect, licences etc.
Reference ID: #SA30446Price details: 2,950,000 +VATPlot for sale, located in Panthea area, Limassol district, with amazing views, easy access to hig way and close to private and public schools.The assets is covered by all utility services i.e. water, electricity and telecommunication.Plot falls within the planning zone ?a7 (Residential Zone) with building density 80 %, coverage coefficient 45 %, in floors.There have issued building and planning licences of 5 floor building with 23 apartments 1-2-3 bedroom apartments and two 3-bedroom penthouse apartments on the 5th floor with private swimming pool.Total covered area of the building is 3363 sq.m witch is devide in internal covered area of apartents 2714.50 sq.m and covered verandas 648.50 sq.m. Please note that it has spent around 650k on phase A for excavations, retaining walls, architect, licences etc.
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Currency Exchange
5730, 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 €2,950,000 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 |
|---|---|---|---|
| €2,950,000 | £2,430,505 | £2,560,866 | £130,361 |
| Property Price € | €2,950,000 |
| Minimum cost in the last six months | £2,430,505 |
| Maximum cost in the last six months | £2,560,866 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £130,361 |
5730, 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 €2,950,000 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 |
|---|---|---|---|
| €2,950,000 | £2,430,505 | £2,560,866 | £130,361 |
| Property Price € | €2,950,000 |
| Minimum cost in the last six months | £2,430,505 |
| Maximum cost in the last six months | £2,560,866 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £130,361 |
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 £130,361 more.
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