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For sale: Modern one-bedroom apartment under construction in the heart of Paphos Town
Paphos Town, Paphos, Cyprus
REF: 951793
€199,000
Description
For sale: Modern one-bedroom apartment under construction in the heart of Paphos Town. With a comfortable internal space of 55 m2, this property offers a well-designed layout with an open-plan living area, a separate bedroom, and a stylish bathroom. Located on the first floor of a three-story building, access is easy thanks to the elevator. Paphos Town is known for its lively atmosphere and historic character. There are a variety of shops, cafes, restaurants, and cultural sites within walking distance. The location is ideal for those who want to enjoy both convenience and a sense of community. The apartment is being built in 2024, using quality modern materials and finishes. Its contemporary design makes it suitable for singles, couples, or as an investment for the rental market. Amenities such as supermarkets, schools, and public transport are nearby, making daily life comfortable and accessible.
For sale: Modern one-bedroom apartment under construction in the heart of Paphos Town. With a comfortable internal space of 55 m2, this property offers a well-designed layout with an open-plan living area, a separate bedroom, and a stylish bathroom. Located on the first floor of a three-story building, access is easy thanks to the elevator. Paphos Town is known for its lively atmosphere and historic character. There are a variety of shops, cafes, restaurants, and cultural sites within walking distance. The location is ideal for those who want to enjoy both convenience and a sense of community. The apartment is being built in 2024, using quality modern materials and finishes. Its contemporary design makes it suitable for singles, couples, or as an investment for the rental market. Amenities such as supermarkets, schools, and public transport are nearby, making daily life comfortable and accessible.
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Currency Exchange
Paphos Town, Paphos, 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 €199,000 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 |
|---|---|---|---|
| €199,000 | £164,265 | £172,750 | £8,485 |
| Property Price € | €199,000 |
| Minimum cost in the last six months | £164,265 |
| Maximum cost in the last six months | £172,750 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,485 |
Paphos Town, Paphos, 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 €199,000 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 |
|---|---|---|---|
| €199,000 | £164,265 | £172,750 | £8,485 |
| Property Price € | €199,000 |
| Minimum cost in the last six months | £164,265 |
| Maximum cost in the last six months | £172,750 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £8,485 |
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 £8,485 more.
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