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House, For Sale, Limassol, Vasa Koilaniou
Vasa Koilaniou, Cyprus
REF: 765843
€320,000
Description
Prestigious restored stone-built listed building in the heart of Vasa Koilaniou village, comprising three accommodation units. The building has been restored to a high standard based on a traditional style and it is built on a 186 sq.m plot of land. The property features a common entrance opening into a stunning private yard of approx.. 60 sq.m, with an outdoor wooden staircase providing access to the first floor. On the ground floor it comprises two units, the first unit with approx..size of 85 sq.m and can host up to four persons, and the second unit with approx.. size of 50 sq.m hosting two persons. The two units can be easily integrated as they communicate through a common door. On the first floor, it comprises a 80 sq.m unit with two separate bedrooms that can host up to 6 persons. The property is a fully operational renowned holiday accommodation, with an Agrotourism Accommodation license. Based on the Law on Preserved Buildings of 2002 (law 240 (1)/ 2002), any income generated from restored listed buildings is exempted from income tax. Also the government grants up to ‚90.000 for the restoration of a listed building (conditions apply). The property benefits from the Housing Plan of Revitalization of Exceptionally Distant, Small sized and Distant areas. The Plant concerns about financial support for the development of a permanent first-home residence in areas where the Plan in force. Depending on the beneficiary person and the requirements, the buyer can benefit from ‚35.000 to ‚70.000 construction costs.
Prestigious restored stone-built listed building in the heart of Vasa Koilaniou village, comprising three accommodation units. The building has been restored to a high standard based on a traditional style and it is built on a 186 sq.m plot of land. The property features a common entrance opening into a stunning private yard of approx.. 60 sq.m, with an outdoor wooden staircase providing access to the first floor. On the ground floor it comprises two units, the first unit with approx..size of 85 sq.m and can host up to four persons, and the second unit with approx.. size of 50 sq.m hosting two persons. The two units can be easily integrated as they communicate through a common door. On the first floor, it comprises a 80 sq.m unit with two separate bedrooms that can host up to 6 persons. The property is a fully operational renowned holiday accommodation, with an Agrotourism Accommodation license. Based on the Law on Preserved Buildings of 2002 (law 240 (1)/ 2002), any income generated from restored listed buildings is exempted from income tax. Also the government grants up to ‚90.000 for the restoration of a listed building (conditions apply). The property benefits from the Housing Plan of Revitalization of Exceptionally Distant, Small sized and Distant areas. The Plant concerns about financial support for the development of a permanent first-home residence in areas where the Plan in force. Depending on the beneficiary person and the requirements, the buyer can benefit from ‚35.000 to ‚70.000 construction costs.
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Currency Exchange
Vasa Koilaniou, 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 €320,000 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 |
|---|---|---|---|
| €320,000 | £264,144 | £277,789 | £13,645 |
| Property Price € | €320,000 |
| Minimum cost in the last six months | £264,144 |
| Maximum cost in the last six months | £277,789 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,645 |
Vasa Koilaniou, 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 €320,000 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 |
|---|---|---|---|
| €320,000 | £264,144 | £277,789 | £13,645 |
| Property Price € | €320,000 |
| Minimum cost in the last six months | £264,144 |
| Maximum cost in the last six months | £277,789 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,645 |
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 £13,645 more.
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