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Land, For Sale, Nicosia, Strovolos, Agios Dimitrios
Strovolos, Cyprus
REF: 999717
€550,000
Description
Location The property is located in Agios Dimitrios, a central and well-connected area within the municipality of Strovolos, Nicosia. It is approximately 1 km from the B1 motorway, offering easy access to surrounding areas. The Acropolis community center is about 650 meters away, providing nearby amenities and services, while the Aglantzia community center is roughly 4 km away. Plot Characteristics This listing refers to a 56% share of a residential field, corresponding to approximately 710 sq.m. of the total 1,264 sq.m. land area. The plot has a rectangular shape with a flat surface and features approximately 73 meters of frontage, with access from two registered roads. Advantages & Special Features The property falls within the Κα3 residential planning zone, which allows for: Building density: 140% Coverage: 50% Maximum number of floors: 4 Maximum building height: 17 meters Dual road access enhances both visibility and development flexibility. A Distribution Agreement is in place, offering legal clarity over shared ownership and development rights.
Location The property is located in Agios Dimitrios, a central and well-connected area within the municipality of Strovolos, Nicosia. It is approximately 1 km from the B1 motorway, offering easy access to surrounding areas. The Acropolis community center is about 650 meters away, providing nearby amenities and services, while the Aglantzia community center is roughly 4 km away. Plot Characteristics This listing refers to a 56% share of a residential field, corresponding to approximately 710 sq.m. of the total 1,264 sq.m. land area. The plot has a rectangular shape with a flat surface and features approximately 73 meters of frontage, with access from two registered roads. Advantages & Special Features The property falls within the Κα3 residential planning zone, which allows for: Building density: 140% Coverage: 50% Maximum number of floors: 4 Maximum building height: 17 meters Dual road access enhances both visibility and development flexibility. A Distribution Agreement is in place, offering legal clarity over shared ownership and development rights.
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Currency Exchange
Strovolos, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,998 | £479,606 | £25,608 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,998 |
| Maximum cost in the last six months | £479,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,608 |
Strovolos, 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 €550,000 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 |
|---|---|---|---|
| €550,000 | £453,998 | £479,606 | £25,608 |
| Property Price € | €550,000 |
| Minimum cost in the last six months | £453,998 |
| Maximum cost in the last six months | £479,606 |
| Fluctuating exchange rates over the last six months could have increased the cost of this property by | £25,608 |
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 £25,608 more.
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