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Land, For Sale, Limassol, Pyrgos
Pyrgos, Cyprus
REF: 929852
€250,000
Description
A unique opportunity to acquire a 2,342 sq.m. residential field in the tranquil area of Pyrgos. This plot offers a 60% building density and 35% coverage ratio, with a registered right-of-way in place. Plans for a public road development are ready, with neighboring owners in agreement, making it possible to unlock the full building potential of 1,105.2 sq.m. upon completion. The net usable area of 1,842 sq.m. ensures ample space for residential development, while 10% of the land is allocated for green space, enhancing its overall appeal. Located near Parekklisia€™s main road, the field is within easy reach of schools, shops, and essential services, offering both convenience and quiet surroundings. The beach and tourist area are just a short 7-minute drive away, making this location highly desirable for residential projects. This property is ideal for developers or individuals looking for a well-positioned plot with significant potential.
A unique opportunity to acquire a 2,342 sq.m. residential field in the tranquil area of Pyrgos. This plot offers a 60% building density and 35% coverage ratio, with a registered right-of-way in place. Plans for a public road development are ready, with neighboring owners in agreement, making it possible to unlock the full building potential of 1,105.2 sq.m. upon completion. The net usable area of 1,842 sq.m. ensures ample space for residential development, while 10% of the land is allocated for green space, enhancing its overall appeal. Located near Parekklisia€™s main road, the field is within easy reach of schools, shops, and essential services, offering both convenience and quiet surroundings. The beach and tourist area are just a short 7-minute drive away, making this location highly desirable for residential projects. This property is ideal for developers or individuals looking for a well-positioned plot with significant potential.
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Currency Exchange
Pyrgos, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £217,023 | £11,048 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £217,023 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,048 |
Pyrgos, 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 €250,000 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 |
|---|---|---|---|
| €250,000 | £205,975 | £217,023 | £11,048 |
| Property Price € | €250,000 |
| Minimum cost in the last six months | £205,975 |
| Maximum cost in the last six months | £217,023 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £11,048 |
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 £11,048 more.
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