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Building, For Sale, Limassol, Agios Ioannis
Agios Ioannis, Cyprus
REF: 940315
€3,000,000
Description
The building comprises eight distinct two-bedroom residences, with the penthouses on the top floor offering exclusive access to their own private rooftop gardens. Each apartment features large living spaces, generous balconies, and comes with a designated parking spot. Close by you€™ll discover the €œCity of Dreams Mediterranean€, a destination boasting upscale accommodations, fine dining options, a rejuvenating spa, and a fun-filled playground for kids. This exceptional location strikes a harmonious balance between the tranquility of a residential neighborhood and the convenience of easy access to essential amenities in one of Limassol€™s thriving districts. Moreover, the stunning €œLady€™s Mile€ Beach, stretching over 5 kilometers and adorned with natural sandy shores, is a mere hop away. It is surrounded by trendy beach bars and restaurants that cater to your every whim. For your day-to-day needs, supermarkets, pharmacies, banks, and schools are conveniently situated in the vicinity. Key Details: €¢ Price: ‚3,000,000 €¢ Potential Rental Income: ‚20,000/month €¢ ROI: 7.5%
The building comprises eight distinct two-bedroom residences, with the penthouses on the top floor offering exclusive access to their own private rooftop gardens. Each apartment features large living spaces, generous balconies, and comes with a designated parking spot. Close by you€™ll discover the €œCity of Dreams Mediterranean€, a destination boasting upscale accommodations, fine dining options, a rejuvenating spa, and a fun-filled playground for kids. This exceptional location strikes a harmonious balance between the tranquility of a residential neighborhood and the convenience of easy access to essential amenities in one of Limassol€™s thriving districts. Moreover, the stunning €œLady€™s Mile€ Beach, stretching over 5 kilometers and adorned with natural sandy shores, is a mere hop away. It is surrounded by trendy beach bars and restaurants that cater to your every whim. For your day-to-day needs, supermarkets, pharmacies, banks, and schools are conveniently situated in the vicinity. Key Details: €¢ Price: ‚3,000,000 €¢ Potential Rental Income: ‚20,000/month €¢ ROI: 7.5%
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Currency Exchange
Agios Ioannis, 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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,471,700 | £2,604,270 | £132,570 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,471,700 |
| Maximum cost in the last six months | £2,604,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £132,570 |
Agios Ioannis, 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 €3,000,000 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 |
|---|---|---|---|
| €3,000,000 | £2,471,700 | £2,604,270 | £132,570 |
| Property Price € | €3,000,000 |
| Minimum cost in the last six months | £2,471,700 |
| Maximum cost in the last six months | £2,604,270 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £132,570 |
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 £132,570 more.
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