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Residential field, extending to about 8
Xylophagou, Famagusta, Cyprus
REF: 969484
€315,000
Description
Residential field, extending to about 8.346sq.m. in total, located in Xylofagou village, Larnaca. The property has an flat surface and its access is via a registered dirt road with total frontage of approximately 150m. A planning permit for the division to 8 plots has been submitted to the local authorities. Currently pending approval. The proposed division to plots will be as follow: Plot 1, total area 547 sq.m frontage 21m Plot 2, total area 584 sq.m frontage 24m Plot 3, total area 525 sq.m frontage 43m Plot 4, total area 586 sq.m frontage 22m Plot 5, total area 822 sq.m frontage 26m Plot 6, total area 602 sq.m frontage 44m Plot 7, total area 744 sq.m frontage 55m Plot 8, total area 573 sq.m frontage 38m The asset is located approximately 460m north of Xylofagou-Liopetri road, approximately4.5km to the beach and approximately 1.5km to Xylofagou community centre. The property falls within Zone Κα6, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction.
Residential field, extending to about 8.346sq.m. in total, located in Xylofagou village, Larnaca. The property has an flat surface and its access is via a registered dirt road with total frontage of approximately 150m. A planning permit for the division to 8 plots has been submitted to the local authorities. Currently pending approval. The proposed division to plots will be as follow: Plot 1, total area 547 sq.m frontage 21m Plot 2, total area 584 sq.m frontage 24m Plot 3, total area 525 sq.m frontage 43m Plot 4, total area 586 sq.m frontage 22m Plot 5, total area 822 sq.m frontage 26m Plot 6, total area 602 sq.m frontage 44m Plot 7, total area 744 sq.m frontage 55m Plot 8, total area 573 sq.m frontage 38m The asset is located approximately 460m north of Xylofagou-Liopetri road, approximately4.5km to the beach and approximately 1.5km to Xylofagou community centre. The property falls within Zone Κα6, with a building coefficient of 90%, coverage of 50%, and permission for 2 floors (10m) of construction.
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Currency Exchange
Xylophagou, 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 €315,000 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 |
|---|---|---|---|
| €315,000 | £259,988 | £273,448 | £13,460 |
| Property Price € | €315,000 |
| Minimum cost in the last six months | £259,988 |
| Maximum cost in the last six months | £273,448 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,460 |
Xylophagou, 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 €315,000 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 |
|---|---|---|---|
| €315,000 | £259,988 | £273,448 | £13,460 |
| Property Price € | €315,000 |
| Minimum cost in the last six months | £259,988 |
| Maximum cost in the last six months | £273,448 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £13,460 |
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 £13,460 more.
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