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A 6% share of a residential field, approximately 1,591sq
Ayia Napa, Famagusta, Cyprus
REF: 969487
€135,000
Description
A 6% share of a residential field, approximately 1,591sq.m, extending to about 25,449 sqm, situated in Agia Napa, Ammochostos. The property has a flat surface and abuts onto an under-registestration road. There is a Distribution Agreement in place. The asset is located approximately 3km from A3 motorway, approximately 3km from Ayia Napa community centre and approximately 4km from the beach. The property falls within Zone Κα9α*, with a building coefficient of 35%, coverage of 25%, and permission for 2 floors (8.3m) of construction. According to the distribution agreement, the property concerns a 1/16 share, which concerns part of Νο 10 with a ground floor house. For the house there are no required permits, therefore is considered illegal and not taken into consideration inside the price. It is noted that the urban planning zone of the property has changed from Ka9a* to Ka8 (building density from 35% to 60%)"
A 6% share of a residential field, approximately 1,591sq.m, extending to about 25,449 sqm, situated in Agia Napa, Ammochostos. The property has a flat surface and abuts onto an under-registestration road. There is a Distribution Agreement in place. The asset is located approximately 3km from A3 motorway, approximately 3km from Ayia Napa community centre and approximately 4km from the beach. The property falls within Zone Κα9α*, with a building coefficient of 35%, coverage of 25%, and permission for 2 floors (8.3m) of construction. According to the distribution agreement, the property concerns a 1/16 share, which concerns part of Νο 10 with a ground floor house. For the house there are no required permits, therefore is considered illegal and not taken into consideration inside the price. It is noted that the urban planning zone of the property has changed from Ka9a* to Ka8 (building density from 35% to 60%)"
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Currency Exchange
Ayia Napa, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,227 | £117,192 | £5,966 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,227 |
| Maximum cost in the last six months | £117,192 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,966 |
Ayia Napa, 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 €135,000 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 |
|---|---|---|---|
| €135,000 | £111,227 | £117,192 | £5,966 |
| Property Price € | €135,000 |
| Minimum cost in the last six months | £111,227 |
| Maximum cost in the last six months | £117,192 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,966 |
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 £5,966 more.
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