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P-0161 1 Bedroom Apartment For Sale in Geroskipou
Geroskipou, Cyprus
REF: 974787
€120,000
Description
Located on a prestigious project in a quiet area of Geroskipou village this apartment is suitable for those with mobility problems and offers an excellent opportunity for investment given the rental potential on this complex. The project is completely secure with automated gated entrance and covered parking. The apartment is within walking distance of the Traditional Village Square, shops, restaurants and bars as well as many areas of secluded coastline and is only a short drive from Paphos Town. The apartment benefits from security shutters on all doors and windows and the open plan living-dining room has an adjoining fully fitted kitchen with an inner hallway leading to the spacious bedroom with fitted wardrobes and the family bathroom. The large veranda has a partial view of the immaculate communal area where you'll find a large communal pool with a shallow childrens splash pool adjacent. Geroskipou is a coastal town east of Paphos and is the second largest municipality in the District. This village has a number of characteristics namely its remarkable five-domed Byzantine church of Agia Paraskevi, a folk museum and large traditional square. The area is also known for the production of Cypriot Delight or Lokum as it s known locally.
Located on a prestigious project in a quiet area of Geroskipou village this apartment is suitable for those with mobility problems and offers an excellent opportunity for investment given the rental potential on this complex. The project is completely secure with automated gated entrance and covered parking. The apartment is within walking distance of the Traditional Village Square, shops, restaurants and bars as well as many areas of secluded coastline and is only a short drive from Paphos Town. The apartment benefits from security shutters on all doors and windows and the open plan living-dining room has an adjoining fully fitted kitchen with an inner hallway leading to the spacious bedroom with fitted wardrobes and the family bathroom. The large veranda has a partial view of the immaculate communal area where you'll find a large communal pool with a shallow childrens splash pool adjacent. Geroskipou is a coastal town east of Paphos and is the second largest municipality in the District. This village has a number of characteristics namely its remarkable five-domed Byzantine church of Agia Paraskevi, a folk museum and large traditional square. The area is also known for the production of Cypriot Delight or Lokum as it s known locally.
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Currency Exchange
Geroskipou, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,054 | £104,171 | £5,117 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,054 |
| Maximum cost in the last six months | £104,171 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,117 |
Geroskipou, 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 €120,000 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 |
|---|---|---|---|
| €120,000 | £99,054 | £104,171 | £5,117 |
| Property Price € | €120,000 |
| Minimum cost in the last six months | £99,054 |
| Maximum cost in the last six months | £104,171 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £5,117 |
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 £5,117 more.
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