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Tourist in Ormideia, Larnaca
5106, Cyprus
REF: 774465
€630,000
Description
Reference ID: #SA33189Price details: 630,000 +VATTouristic field in the seaside area of Ormideia village in Larnaca District. It is situated approximate 2.3km southwest of the village center and approximately 900 meters east of Dhekelia Power Station. The property is situated only 90 meters away of the sea.The field has a rectangular shape, level topography and abuts onto registered road along its south and east boundary with total frontage of approximate 200 meters. In addition, abuts onto government land along its northern boundary.It falls within the Sovereign British Base Area of Dhekelia. According to the provisions of the Policy Statement for the Countryside (Sovereign British Base Area of Dhekelia/ Akrotiri) the property falls within the Touristic Zone T5e1, having building density coefficient 20%.Planning zone: ?5e1Building Coefficient: 15% (?) 20% (?)Coverage Coefficient: 15% (?) 15% (?)Maximum Floors Allowed: 2 (?) 2 (?)Maximum Building Height (m): 10 (?) 10 (?)Plus VAT
Reference ID: #SA33189Price details: 630,000 +VATTouristic field in the seaside area of Ormideia village in Larnaca District. It is situated approximate 2.3km southwest of the village center and approximately 900 meters east of Dhekelia Power Station. The property is situated only 90 meters away of the sea.The field has a rectangular shape, level topography and abuts onto registered road along its south and east boundary with total frontage of approximate 200 meters. In addition, abuts onto government land along its northern boundary.It falls within the Sovereign British Base Area of Dhekelia. According to the provisions of the Policy Statement for the Countryside (Sovereign British Base Area of Dhekelia/ Akrotiri) the property falls within the Touristic Zone T5e1, having building density coefficient 20%.Planning zone: ?5e1Building Coefficient: 15% (?) 20% (?)Coverage Coefficient: 15% (?) 15% (?)Maximum Floors Allowed: 2 (?) 2 (?)Maximum Building Height (m): 10 (?) 10 (?)Plus VAT
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Currency Exchange
5106, 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 €630,000 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 |
|---|---|---|---|
| €630,000 | £519,057 | £546,897 | £27,840 |
| Property Price € | €630,000 |
| Minimum cost in the last six months | £519,057 |
| Maximum cost in the last six months | £546,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,840 |
5106, 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 €630,000 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 |
|---|---|---|---|
| €630,000 | £519,057 | £546,897 | £27,840 |
| Property Price € | €630,000 |
| Minimum cost in the last six months | £519,057 |
| Maximum cost in the last six months | £546,897 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £27,840 |
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 £27,840 more.
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