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Other, For Sale, Limassol, Agia Fyla
Agia Fyla, Cyprus
REF: 959740
€295,000
Description
A unique opportunity to acquire a 554 sq.m. development plot in the rapidly developing area of Agia Fyla. Positioned on an elevated slope with an approx. 8-meter height difference from top to bottom, the plot offers stunning, unobstructed views of the city and the sea. Set in a quiet cul-de-sac adjacent to a green area park, it provides a peaceful environment with easy access to main roads, schools, and essential amenities. With 80% building density, you can build approx. 450 sq.m. of covered areas. The plot already benefits from a valid planning and building permit for a luxury villa and has an active planning application for a residential building with three full-floor apartments (130 sq.m. each plus verandas). Surrounded by ongoing residential development, this plot is ideal both for developers seeking a promising investment and for individuals looking to build their dream home in a serene yet accessible location.
A unique opportunity to acquire a 554 sq.m. development plot in the rapidly developing area of Agia Fyla. Positioned on an elevated slope with an approx. 8-meter height difference from top to bottom, the plot offers stunning, unobstructed views of the city and the sea. Set in a quiet cul-de-sac adjacent to a green area park, it provides a peaceful environment with easy access to main roads, schools, and essential amenities. With 80% building density, you can build approx. 450 sq.m. of covered areas. The plot already benefits from a valid planning and building permit for a luxury villa and has an active planning application for a residential building with three full-floor apartments (130 sq.m. each plus verandas). Surrounded by ongoing residential development, this plot is ideal both for developers seeking a promising investment and for individuals looking to build their dream home in a serene yet accessible location.
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Currency Exchange
Agia Fyla, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £243,051 | £256,087 | £13,036 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £243,051 |
| Maximum cost in the last six months | £256,087 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,036 |
Agia Fyla, 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 €295,000 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 |
|---|---|---|---|
| €295,000 | £243,051 | £256,087 | £13,036 |
| Property Price € | €295,000 |
| Minimum cost in the last six months | £243,051 |
| Maximum cost in the last six months | £256,087 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,036 |
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 £13,036 more.
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