Search
Land, For Sale, Paphos, Polemi
Polemi, Cyprus
REF: 821566
€125,000
Description
This residential land in Polemi spans to 2602 square meters and is classified under Zone Type Η3, indicating its intended use for residential purposes as per local zoning regulations. With access to a road, it ensures convenient transportation and connectivity for residents and visitors alike. With a building density of 60%, this residential land allows for a significant portion of the total area to be developed. This means that up to 60% of the land can be utilized for construction purposes, including residential buildings, amenities, and infrastructure. The coverage ratio is set at 35%, indicating the maximum percentage of the land area that can be covered by buildings and other structures. This ensures that a significant portion of the land remains open for green spaces, landscaping, and other outdoor amenities, contributing to a pleasant living environment. Permitted floors are limited to 2, meaning that any structures built on this land cannot exceed two stories in height. Additionally, the maximum allowable height for buildings is 8.3 meters, ensuring uniformity and compatibility with the surrounding residential area. Given its proximity to a built-up residential area, this land holds strategic value for residential development, providing opportunities for expanding housing options and accommodating the growing population while maintaining the character and integrity of the existing neighborhood. In summary, this residential land in Polemi offers favorable conditions for residential development, including adequate space, permissible building parameters, road access, and proximity to established residential areas.
This residential land in Polemi spans to 2602 square meters and is classified under Zone Type Η3, indicating its intended use for residential purposes as per local zoning regulations. With access to a road, it ensures convenient transportation and connectivity for residents and visitors alike. With a building density of 60%, this residential land allows for a significant portion of the total area to be developed. This means that up to 60% of the land can be utilized for construction purposes, including residential buildings, amenities, and infrastructure. The coverage ratio is set at 35%, indicating the maximum percentage of the land area that can be covered by buildings and other structures. This ensures that a significant portion of the land remains open for green spaces, landscaping, and other outdoor amenities, contributing to a pleasant living environment. Permitted floors are limited to 2, meaning that any structures built on this land cannot exceed two stories in height. Additionally, the maximum allowable height for buildings is 8.3 meters, ensuring uniformity and compatibility with the surrounding residential area. Given its proximity to a built-up residential area, this land holds strategic value for residential development, providing opportunities for expanding housing options and accommodating the growing population while maintaining the character and integrity of the existing neighborhood. In summary, this residential land in Polemi offers favorable conditions for residential development, including adequate space, permissible building parameters, road access, and proximity to established residential areas.
Read More
Property on Map
Currency Exchange
Polemi, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,561 | £3,225 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,561 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,225 |
Polemi, 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 €125,000 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 |
|---|---|---|---|
| €125,000 | £106,336 | £109,561 | £3,225 |
| Property Price € | €125,000 |
| Minimum cost in the last six months | £106,336 |
| Maximum cost in the last six months | £109,561 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £3,225 |
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 £3,225 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
