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Building, For Sale, Nicosia, Chrysaliniotissa
Chrysaliniotissa, Cyprus
REF: 765225
€500,000
Description
For Sale Listed property in Chrysaliniotissa, in the heart of the old city, close to Ledra Street in Nicosia Location This listed property is in Chrysaliniotissa, in the heart of Nicosia€™s Old City. Within walking distance you can find shops, bars, restaurants and cafes. This area seeing huge changes over the past few years. External Features The building is 88 years old and is in need of full renovation. Internal Characteristics There are 3 title deeds. Two of them concerning shop and one of them a house. Advantages They have all the benefits of listed properties.
For Sale Listed property in Chrysaliniotissa, in the heart of the old city, close to Ledra Street in Nicosia Location This listed property is in Chrysaliniotissa, in the heart of Nicosia€™s Old City. Within walking distance you can find shops, bars, restaurants and cafes. This area seeing huge changes over the past few years. External Features The building is 88 years old and is in need of full renovation. Internal Characteristics There are 3 title deeds. Two of them concerning shop and one of them a house. Advantages They have all the benefits of listed properties.
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Currency Exchange
Chrysaliniotissa, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £412,725 | £434,055 | £21,330 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £412,725 |
| Maximum cost in the last six months | £434,055 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,330 |
Chrysaliniotissa, 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 €500,000 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 |
|---|---|---|---|
| €500,000 | £412,725 | £434,055 | £21,330 |
| Property Price € | €500,000 |
| Minimum cost in the last six months | £412,725 |
| Maximum cost in the last six months | £434,055 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £21,330 |
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 £21,330 more.
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