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Apartment, For Sale, Paphos, Universal
Universal, Cyprus
REF: 996655
€225,000
Description
Located in the heart of the popular Universal area in Paphos, this modern 1-bedroom apartment offers the perfect blend of convenience, comfort, and investment potential. The residence is part of a gated development with a communal swimming pool, elevator, and private covered parking. Inside, the apartment features quality finishes, granite kitchen worktops, a functional open-plan layout, and a bright master bedroom. Universal is one of Paphos€™s most in-demand areas, just a 5-minute drive to the beach, Kings Avenue Mall, and the city centre. It€™s also close to restaurants, cafes, supermarkets, and public transport. With the upcoming American University of Beirut (AUB) and Cyprus University of Technology nearby, this property presents a strong opportunity for short- or long-term rentals. Key Features: Indoor: œ” One Bedroom œ” Family Shower Room œ” Granite Worktops œ” Elevator Outdoor: œ” Balcony œ” Communal Swimming Pool œ” Private Covered Parking œ” Double Glazing œ” Gated Community Location Distances: ? Beach 5 min drive ? Town Centre 5 min drive ? Airport 15 min drive ? Golf Resorts 15 min drive Additional Info: ? Excellent Investment Opportunity ? Price subject to VAT
Located in the heart of the popular Universal area in Paphos, this modern 1-bedroom apartment offers the perfect blend of convenience, comfort, and investment potential. The residence is part of a gated development with a communal swimming pool, elevator, and private covered parking. Inside, the apartment features quality finishes, granite kitchen worktops, a functional open-plan layout, and a bright master bedroom. Universal is one of Paphos€™s most in-demand areas, just a 5-minute drive to the beach, Kings Avenue Mall, and the city centre. It€™s also close to restaurants, cafes, supermarkets, and public transport. With the upcoming American University of Beirut (AUB) and Cyprus University of Technology nearby, this property presents a strong opportunity for short- or long-term rentals. Key Features: Indoor: œ” One Bedroom œ” Family Shower Room œ” Granite Worktops œ” Elevator Outdoor: œ” Balcony œ” Communal Swimming Pool œ” Private Covered Parking œ” Double Glazing œ” Gated Community Location Distances: ? Beach 5 min drive ? Town Centre 5 min drive ? Airport 15 min drive ? Golf Resorts 15 min drive Additional Info: ? Excellent Investment Opportunity ? Price subject to VAT
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Currency Exchange
Universal, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £185,726 | £195,320 | £9,594 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £185,726 |
| Maximum cost in the last six months | £195,320 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,594 |
Universal, 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 €225,000 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 |
|---|---|---|---|
| €225,000 | £185,726 | £195,320 | £9,594 |
| Property Price € | €225,000 |
| Minimum cost in the last six months | £185,726 |
| Maximum cost in the last six months | £195,320 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £9,594 |
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 £9,594 more.
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