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Other, For Sale, Paphos, Kissonerga
Kissonerga, Cyprus
REF: 814841
€880,000
Description
Situated in Kissonerga, a coastal area, offering proximity to the sea, approximately 400 meters away. This proximity suggests potential for attractive sea views and recreational activities. Close proximity to hotels, restaurants, and amenities implies convenience and potential for attracting residents or tourists interested in the area's offerings. Infrastructure: Availability of electricity and water supply indicates basic infrastructure readiness for development. Road access ensures ease of transportation and connectivity to neighboring areas. Regulatory Details: Zoning designation as KA9 implies specific regulations for development, which typically entail residential or mixed-use purposes. Building density of 40% means that approximately 1,248 square meters of the land can be utilized for construction. Coverage ratio of 25% suggests that structures can cover up to 780 square meters of the land. Right to build on 2 floors and up to 10 meters high provides parameters for vertical construction, potentially maximizing land use while adhering to local regulations. Development Potential: With its ample size of 3,122 square meters and favorable zoning regulations, the land offers significant potential for residential or mixed-use development. Proximity to the sea, coupled with nearby amenities, may increase the attractiveness of the property for potential buyers. The specified building parameters provide clarity on what can be constructed, guiding developers in their planning process. Overall, this residential land in Kissonerga presents a promising opportunity for development, given its favorable location, infrastructure provisions, and regulatory framework.
Situated in Kissonerga, a coastal area, offering proximity to the sea, approximately 400 meters away. This proximity suggests potential for attractive sea views and recreational activities. Close proximity to hotels, restaurants, and amenities implies convenience and potential for attracting residents or tourists interested in the area's offerings. Infrastructure: Availability of electricity and water supply indicates basic infrastructure readiness for development. Road access ensures ease of transportation and connectivity to neighboring areas. Regulatory Details: Zoning designation as KA9 implies specific regulations for development, which typically entail residential or mixed-use purposes. Building density of 40% means that approximately 1,248 square meters of the land can be utilized for construction. Coverage ratio of 25% suggests that structures can cover up to 780 square meters of the land. Right to build on 2 floors and up to 10 meters high provides parameters for vertical construction, potentially maximizing land use while adhering to local regulations. Development Potential: With its ample size of 3,122 square meters and favorable zoning regulations, the land offers significant potential for residential or mixed-use development. Proximity to the sea, coupled with nearby amenities, may increase the attractiveness of the property for potential buyers. The specified building parameters provide clarity on what can be constructed, guiding developers in their planning process. Overall, this residential land in Kissonerga presents a promising opportunity for development, given its favorable location, infrastructure provisions, and regulatory framework.
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Currency Exchange
Kissonerga, 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 €880,000 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 |
|---|---|---|---|
| €880,000 | £748,607 | £771,355 | £22,748 |
| Property Price € | €880,000 |
| Minimum cost in the last six months | £748,607 |
| Maximum cost in the last six months | £771,355 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,748 |
Kissonerga, 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 €880,000 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 |
|---|---|---|---|
| €880,000 | £748,607 | £771,355 | £22,748 |
| Property Price € | €880,000 |
| Minimum cost in the last six months | £748,607 |
| Maximum cost in the last six months | £771,355 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £22,748 |
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 £22,748 more.
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