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This exclusive plot is located in the Potamos area of Ayia Thekla
Ayia Thekla, Famagusta, Cyprus
REF: 952702
€250,000
Description
This exclusive plot is located in the Potamos area of Ayia Thekla. The plot is attached to a huge government plot and opposite a huge green area. The location is set in a tranquil environment, is within walking distance to the beach and amenities and provides easy access to the highway. This is an excellent plot for building one or two houses walking distance from the coast and the lovely fishing harbour of Potamos Liopetriou. It is the only naturally formed fjord in Cyprus which is now under full renovation by the authorities, with an investment cost of over 10 Million euro. Building Factor: 30% Cover Factor: 20% Planning Zone: T3ε Services: Electricity, Water, Telephone, Sewage system. Plot is ready to be developed immediately. Highly recommended for viewings!
This exclusive plot is located in the Potamos area of Ayia Thekla. The plot is attached to a huge government plot and opposite a huge green area. The location is set in a tranquil environment, is within walking distance to the beach and amenities and provides easy access to the highway. This is an excellent plot for building one or two houses walking distance from the coast and the lovely fishing harbour of Potamos Liopetriou. It is the only naturally formed fjord in Cyprus which is now under full renovation by the authorities, with an investment cost of over 10 Million euro. Building Factor: 30% Cover Factor: 20% Planning Zone: T3ε Services: Electricity, Water, Telephone, Sewage system. Plot is ready to be developed immediately. Highly recommended for viewings!
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Currency Exchange
Ayia Thekla, Famagusta, 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 |
Ayia Thekla, Famagusta, 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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