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Other, For Sale, Limassol, Agios Spyridon
Agios Spyridon, Cyprus
REF: 961977
€220,000
Description
Located in a quiet residential pocket of Agios Spyridon, right on the border with the rapidly growing Zakaki area, this 315 sq.m. plot presents a great opportunity for both private use and small-scale development. The plot enjoys a rectangular shape with 100% building density and 50% coverage, allowing for the construction of up to 3 floors. Whether you're planning a private home with a garden or a compact residential building, this is a solid canvas to build on. Its location ensures daily convenience, with supermarkets, schools, pharmacies, and other amenities just a short stroll away. Miltonos Avenue is only a few hundred meters away, and access to the highway is less than 4 minutes by car. You're also just minutes from key landmarks such as MyMall, the new linear park, Lady€™s Mile Beach, and the City of Dreams Casino Resort€”making it especially attractive from both a lifestyle and investment perspective.
Located in a quiet residential pocket of Agios Spyridon, right on the border with the rapidly growing Zakaki area, this 315 sq.m. plot presents a great opportunity for both private use and small-scale development. The plot enjoys a rectangular shape with 100% building density and 50% coverage, allowing for the construction of up to 3 floors. Whether you're planning a private home with a garden or a compact residential building, this is a solid canvas to build on. Its location ensures daily convenience, with supermarkets, schools, pharmacies, and other amenities just a short stroll away. Miltonos Avenue is only a few hundred meters away, and access to the highway is less than 4 minutes by car. You're also just minutes from key landmarks such as MyMall, the new linear park, Lady€™s Mile Beach, and the City of Dreams Casino Resort€”making it especially attractive from both a lifestyle and investment perspective.
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Currency Exchange
Agios Spyridon, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £181,258 | £190,980 | £9,722 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £181,258 |
| Maximum cost in the last six months | £190,980 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,722 |
Agios Spyridon, 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 €220,000 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 |
|---|---|---|---|
| €220,000 | £181,258 | £190,980 | £9,722 |
| Property Price € | €220,000 |
| Minimum cost in the last six months | £181,258 |
| Maximum cost in the last six months | £190,980 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,722 |
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 £9,722 more.
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