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Building, For Sale, Limassol, Potamos Germasogeias
Potamos Germasogeias, Cyprus
REF: 772815
€2,200,000
Description
This 2-storey building features a covered basement, a ground floor consisting of open space offices, 1st floor 2 separate areas which may be used for office or residence or both. You may build an additional floor if required. The building has 20 meters of main road frontage and is situated onto the main access routes from the highway, beach and city centre. Ideal for investment and European passport purposes as you may include residency as there are two title deeds and separate entrances to the building. Title deeds are clear building is mortgage free ready for immediate transfer. Specifications Plot size 499 sqm Building zone EB6 Building factor 120% Coverage 50% Height 13.5 Covered areas built to date 430 sqm excluding covered basement (232 sqm) for parking
This 2-storey building features a covered basement, a ground floor consisting of open space offices, 1st floor 2 separate areas which may be used for office or residence or both. You may build an additional floor if required. The building has 20 meters of main road frontage and is situated onto the main access routes from the highway, beach and city centre. Ideal for investment and European passport purposes as you may include residency as there are two title deeds and separate entrances to the building. Title deeds are clear building is mortgage free ready for immediate transfer. Specifications Plot size 499 sqm Building zone EB6 Building factor 120% Coverage 50% Height 13.5 Covered areas built to date 430 sqm excluding covered basement (232 sqm) for parking
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Currency Exchange
Potamos Germasogeias, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,871,518 | £1,925,946 | £54,428 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,871,518 |
| Maximum cost in the last six months | £1,925,946 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £54,428 |
Potamos Germasogeias, 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 €2,200,000 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 |
|---|---|---|---|
| €2,200,000 | £1,871,518 | £1,925,946 | £54,428 |
| Property Price € | €2,200,000 |
| Minimum cost in the last six months | £1,871,518 |
| Maximum cost in the last six months | £1,925,946 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £54,428 |
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 £54,428 more.
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