Search
Land, For Sale, Nicosia, Geri
Geri, Cyprus
REF: 999693
€130,000
Description
Location This residential plot is located within Geri Municipality in the Nicosia district. It is ideally positioned approximately 1.5 km west of the municipality center in walking distance of Geri Gymnasium. €¢ Situated in a well-established and growing residential area. Accessibility & Amenities The property enjoys excellent access to a wide range of amenities and services in the surrounding area. €¢ Close to schools, banks, supermarkets, shops, and more. €¢ Convenient access to both the local community and central Nicosia. Plot Characteristics This plot benefits from a regular shape and an even surface, making it ideal for residential development. €¢ Regular-shaped and flat terrain. €¢ Abuts a public registered road along its northern boundary. €¢ Features a frontage of approximately 18 meters. Development Potential & Zoning The property is located within the residential Town Planning Zone Κα7, offering good development potential. €¢ Falls within Zone Κα7. €¢ Allows for a two-storey building. €¢ Building factor of 80%. €¢ Coverage factor of 45% (standard for Κα7, unless otherwise specified). €¢ A building permit for house construction had been issued but has since expired. Key Advantages €¢ Excellent residential location with high demand. €¢ Easy access to local infrastructure and public services. €¢ Ready for new permit application and development.
Location This residential plot is located within Geri Municipality in the Nicosia district. It is ideally positioned approximately 1.5 km west of the municipality center in walking distance of Geri Gymnasium. €¢ Situated in a well-established and growing residential area. Accessibility & Amenities The property enjoys excellent access to a wide range of amenities and services in the surrounding area. €¢ Close to schools, banks, supermarkets, shops, and more. €¢ Convenient access to both the local community and central Nicosia. Plot Characteristics This plot benefits from a regular shape and an even surface, making it ideal for residential development. €¢ Regular-shaped and flat terrain. €¢ Abuts a public registered road along its northern boundary. €¢ Features a frontage of approximately 18 meters. Development Potential & Zoning The property is located within the residential Town Planning Zone Κα7, offering good development potential. €¢ Falls within Zone Κα7. €¢ Allows for a two-storey building. €¢ Building factor of 80%. €¢ Coverage factor of 45% (standard for Κα7, unless otherwise specified). €¢ A building permit for house construction had been issued but has since expired. Key Advantages €¢ Excellent residential location with high demand. €¢ Easy access to local infrastructure and public services. €¢ Ready for new permit application and development.
Read More
Property on Map
Currency Exchange
Geri, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £107,309 | £113,792 | £6,483 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £107,309 |
| Maximum cost in the last six months | £113,792 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,483 |
Geri, 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 €130,000 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 |
|---|---|---|---|
| €130,000 | £107,309 | £113,792 | £6,483 |
| Property Price € | €130,000 |
| Minimum cost in the last six months | £107,309 |
| Maximum cost in the last six months | £113,792 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £6,483 |
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 £6,483 more.
Search popular regions
Useful links
Hi {{firstName}},
Enquire about this property
Make an Enquiry on this property
No Yes
No Yes
I agree to be connected with a trusted property agent who will receive
these details.
We handle your data with care and only ever as outlined in our
Privacy Policy
Thank you for your
enquiry!
Our partner agent will be in touch with you shortly.
Our partner agent will be in touch with you shortly.
Enquire about this property
No
Yes
No
Yes
I agree to be connected with the property agent for more detail on this
listing.
We handle your data with care and only ever as outlined in our
Privacy Policy
