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Apartment, For Sale, Nicosia, Lakatameia
Lakatameia, Cyprus
REF: 955767
€160,000
Description
Location ۢ Situated in the Agios Nikolaos Quarter of Lakatameia Municipality. ۢ This apartment enjoys a peaceful residential setting. ۢ Quiet and purely residential area ۢ Walking distance of Pefkou and Archiepiskopou Makariou III Avenues ۢ The area offers a wide range of amenities, including : supermarkets, restaurants and caf̩s, schools and other essential services. ۢ Additionally, the property benefits from excellent connectivity to neighboring municipalities and Nicosia city center. External Features ۢ Located on the 2nd floor of 3n floors building ۢ Constructed in 2007 ۢ Comes with a covered parking space on the ground floor Internal Characteristics ۢ Open-plan living room, kitchen, and dining area ۢ Two bedrooms ۢ One bathroom ۢ Covered verandas offering extra living space Total Areas: ۢ Internal space: 75 sqm ۢ Covered verandas: 21 sqm Advantages - Special Features ۢ Vacant & Move-in Ready Ideal for private use or as an investment property ۢ High Rental Potential Offers a good return on investment ۢ Separate Title Deed Ensuring a secure purchase ۢ No VAT A cost-saving benefit ۢ This is a great opportunity to own a well-located apartment in Lakatamia.
Location ۢ Situated in the Agios Nikolaos Quarter of Lakatameia Municipality. ۢ This apartment enjoys a peaceful residential setting. ۢ Quiet and purely residential area ۢ Walking distance of Pefkou and Archiepiskopou Makariou III Avenues ۢ The area offers a wide range of amenities, including : supermarkets, restaurants and caf̩s, schools and other essential services. ۢ Additionally, the property benefits from excellent connectivity to neighboring municipalities and Nicosia city center. External Features ۢ Located on the 2nd floor of 3n floors building ۢ Constructed in 2007 ۢ Comes with a covered parking space on the ground floor Internal Characteristics ۢ Open-plan living room, kitchen, and dining area ۢ Two bedrooms ۢ One bathroom ۢ Covered verandas offering extra living space Total Areas: ۢ Internal space: 75 sqm ۢ Covered verandas: 21 sqm Advantages - Special Features ۢ Vacant & Move-in Ready Ideal for private use or as an investment property ۢ High Rental Potential Offers a good return on investment ۢ Separate Title Deed Ensuring a secure purchase ۢ No VAT A cost-saving benefit ۢ This is a great opportunity to own a well-located apartment in Lakatamia.
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Currency Exchange
Lakatameia, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £138,894 | £7,070 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £138,894 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,070 |
Lakatameia, 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 €160,000 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 |
|---|---|---|---|
| €160,000 | £131,824 | £138,894 | £7,070 |
| Property Price € | €160,000 |
| Minimum cost in the last six months | £131,824 |
| Maximum cost in the last six months | £138,894 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £7,070 |
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 £7,070 more.
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