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Building, For Sale, Paphos, Konia
Konia, Cyprus
REF: 766244
€299,000
Description
This property consists of two adjacent plots in Konia community, in Paphos. Within the plots there is an two story incomplete building developed with approx. 1.182 sq.m. covered area. The property is located in a quiet residential neighborhood, with preferential location providing a nice city and sea view from top floors. The architectural drawings show the building block should consist of 11 apartments with corresponding storage areas as well as two shops on the ground floor and parking spaces, however there are no active planning or building permits. This property consists of: Two plots. The first plot extending to approximately 527 sq.m. in total and The second plot extending to approximately 540 sq.m in total. Both property fall within Zone Κα6α, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction.
This property consists of two adjacent plots in Konia community, in Paphos. Within the plots there is an two story incomplete building developed with approx. 1.182 sq.m. covered area. The property is located in a quiet residential neighborhood, with preferential location providing a nice city and sea view from top floors. The architectural drawings show the building block should consist of 11 apartments with corresponding storage areas as well as two shops on the ground floor and parking spaces, however there are no active planning or building permits. This property consists of: Two plots. The first plot extending to approximately 527 sq.m. in total and The second plot extending to approximately 540 sq.m in total. Both property fall within Zone Κα6α, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction.
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Currency Exchange
Konia, 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 €299,000 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 |
|---|---|---|---|
| €299,000 | £254,356 | £261,754 | £7,397 |
| Property Price € | €299,000 |
| Minimum cost in the last six months | £254,356 |
| Maximum cost in the last six months | £261,754 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,397 |
Konia, 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 €299,000 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 |
|---|---|---|---|
| €299,000 | £254,356 | £261,754 | £7,397 |
| Property Price € | €299,000 |
| Minimum cost in the last six months | £254,356 |
| Maximum cost in the last six months | £261,754 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,397 |
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 £7,397 more.
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