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Land, For Sale, Nicosia, Lakatameia
Ä°simsiz Yol, Strovolos 2325, Cyprus, Lakatameia, Cyprus
REF: 818701
€370,000
Description
Location: - Residential land for sale near GSP area, in a newly developed area with a lot of potential due to the construction of a new road that will connect the area to the GSP stadium. - Easy access to the Mall of Cyprus. - Nearby conveniences include supermarkets, public and private schools and parks. - GSP area is renowned as one of the premier residential areas in Nicosia, characterized by predominantly newly constructed homes. - Convenient access to the Nicosia Limassol highway further enhances connectivity. Land Characteristics: - Generously sized plot spanning 3,103 sqm. - Residential zone Ka8. - Offers a building density of 60% and coverage of 35%. - Permissible construction in the area includes up to 2 floors with a maximum height of 10m. - The title deed is readily available for a seamless transaction. - Great investment opportunity in an area that will boost soon. - It does not have direct access to public roads.
Location: - Residential land for sale near GSP area, in a newly developed area with a lot of potential due to the construction of a new road that will connect the area to the GSP stadium. - Easy access to the Mall of Cyprus. - Nearby conveniences include supermarkets, public and private schools and parks. - GSP area is renowned as one of the premier residential areas in Nicosia, characterized by predominantly newly constructed homes. - Convenient access to the Nicosia Limassol highway further enhances connectivity. Land Characteristics: - Generously sized plot spanning 3,103 sqm. - Residential zone Ka8. - Offers a building density of 60% and coverage of 35%. - Permissible construction in the area includes up to 2 floors with a maximum height of 10m. - The title deed is readily available for a seamless transaction. - Great investment opportunity in an area that will boost soon. - It does not have direct access to public roads.
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Currency Exchange
Ä°simsiz Yol, Strovolos 2325, Cyprus, Lakatameia, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £314,755 | £324,320 | £9,565 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £314,755 |
| Maximum cost in the last six months | £324,320 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,565 |
Ä°simsiz Yol, Strovolos 2325, Cyprus, Lakatameia, 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 €370,000 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 |
|---|---|---|---|
| €370,000 | £314,755 | £324,320 | £9,565 |
| Property Price € | €370,000 |
| Minimum cost in the last six months | £314,755 |
| Maximum cost in the last six months | £324,320 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,565 |
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 £9,565 more.
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