April/Апрель2015

www.fitzgeraldcyprus.com

Paphos Digest

Published ByA. Mandziak Estate Agency Ltd.Trading as Fitzgerald MarketingSolomos Crt, 74 Ap. Pavlou AveKato Paphos Cyprus 8046Tel: +357 26 930345Fax: + 357 26 930929e: contact@fitzgeraldcyprus.comweb: www.fitzgeraldcyprus.comweb: www.fitzgeraldprestige.comCover: Kamares Views Villa

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Why Fitzgerald's?

We aim to bring you theBEST VALUE propertiesin Paphos and now theyare even better value...

* A Safe Investment

* No VAT charge to pay

* Fully equipped

* You can move in NOW

Most of our propertieseither have the Title Deedissued, available or are inthe final stages of LandRegistry approval.Fitzgerald Marketing onlylist properties that are safeto buy and have a fullrecord of anyencumbrances on eachproperty.

Featured Property

Charming 2 storied villa strikes aperfect balance between a supercomfortable contemporary homeand an outdoor livingenvironment. The 1150m plotcascades gently down the hillsidecleverly exploiting the slope tocreate a fascinating multi­layeredhome design...

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We continue to actively promote our

range of top quality Cyprus properties

on Rightmove Property Portal, UK;

Prian, Russia and Juwai, China.We

feature properties in popular Russian

lifestyle magazine, Moi Ostrov

widely read in Russia, Ukraine,

Bielarus, and Russian speakers

accross Europe and Asia. In this time

of economic and market uncertainties

we strive to give you a range of top

quality properties at realistic market

prices coupled with all the legal

quarantees and the Title Deeds

Spring is in the AirCyprus is simply irresistible in any springtime yetthis spring is very special to all in Cyprus. All inCyrus can stand proud that the nation has weatheredthe ‘storm’ that descended upon it, and managed itrather admirably. With a lot of soul searching andsheer determination, Cyprus has turned a veryimportant corner of its history and in full confidencepositioned itself on the right path for all its citizens.So today and this spring we can be proud of what wehave achieved.

The tourism industry is ambitiously aiming to attract2.5 million visitors to the island and is boldly forginginto specific, aggressive marketing to develop a

special interest tourist product on one hand, and on the other, the CTO is looking totap into EU development funds to upgrade/renovate local hotels to boost localcapacity.

The banks have just announced the start of lending again and have lifted all therestrictions on deposit transfers to overseas to one million Euros per person permonth. With the average property price at around 300,000 Euros this was not apressing requirement yet it will go a long way to help liquidity of the top endprestige home sales.

Arrival of the Energy Performance Certificater, EPC, in Cyprus is a long waitedmilestone and It should go a long way to demystify the energy performancecharacteristics of many a property in Cyprus. The law was passed in 2010, yet onlynow have the authorities realized that it is time for the EPC to be done. Whilst theenergy certification is an important issue to the owner, buyer or tenant, it is also anissue that is very important to all agents. The lack of the EPC is the missing link tomarket property.

Paphos , for example, has the most properties for sale in Cyprus and only 27certified local ‘professionals’ valuers/assessors to do the job. But, the spring is inthe air, the outlook is much brighter, and theprospects are excellent.

With our quality property at realistic pricesand Title Deeds; all we need now are EPCcertificates.

Have a happy Easter.

Cyprus reclaiming traditional markets in 2015

Tourism arrivals were up 7.7 per cent in Januaryand February this year compared to the sameperiod last year, according to CTO chairmanAngelos Loizou.

In the first two months of the year, tourist arrivalstotaled 92,508 compared with 85,903 in the sameperiod of 2014.

Loizou told the Cyprus News Agency that arrivals were due to increase from theUK, Germany, France, Holland, Belgium and the Scandinavian countries.

There was also increased interest from France as a lot of French tourists wereavoiding traditional destinations such as Egypt and Morocco “and they see Cyprusas a safe destination”.

Cyprus was also working to increase arrivals from Israel and the Arab countries, theCTO boss said, and the signs were encouraging.

In terms of numbers, Loizou said arrivals from the UK had increased 7.2 per cent inFebruary this year and by 20 per cent from Greece while the Russian decline wasevident last month with a 10.4 per cent decrease.

CYPRUS has been listed as one of the top five value destinations for Britons thisEaster, according to a new survey by the UK Post Office.

In the Post Office survey, the island came in third behind the Algarve and the Costadel Sol, and was trailed by Tenerife and Orlando in Florida on the cost of a basketof holiday items with comparative prices for the same time last year.

Earlier this week, the Cyprus Tourism Organisation indicated that numbers were upfrom traditional markets such as the UK, Germany and Scandinavian countries asarrivals from Russia were on the decline.

February property sales 5% up boosted by weaker euro

The number of property transactions rose 5 per cent inFebruary to 325 compared to the respective month of2014, A real estate expert said the increase may berelated to the weak euro vis­à­vis the British poundwhich makes purchases in Cyprus, mainly in coastalareas, more attractive.

Cyprus Mail, March 2015

Finance ministry raises money transfer cap to €1m

The finance ministry said it furtherrelaxed capital controls introducedfollowing the March 2013 bankingcrisis.

The cap for money transfers abroadwas raised to €1m from €50,000 perperson per credit institution, the financeministry said in an emailed statementtoday.

“The order will remain in place for 21 days”.

Central Bank governor Chrystalla Georghadji said March 5, that all capitalrestrictions will be lifted by the end of the first quarter of the year.

Cyprus Mail, March 2015

EU convinced over halloumi’s traditional Cypriotcharacter, Minister says

The process of designating halloumi cheese as a Cypriot traditional product is at anadvanced level, Minister of Agriculture Nicos Kouyialis has stated on Wednesday.

The Cypriot government has filed an application to the EU for designatinghalloumi as a Protected Designation of Origin (PDO) and according to theMinister, the relevant file is now at the stage of translation, after it has passed allchecks by the competent European Commission Directorate General.

In the next few days, the application file will be published in the Official Journal ofthe EU, Kouyialis went on to say.He added that this signifies that theEU is convinced that halloumi is aCypriot traditional product, openingthus the way for assigning it PDOstatus.

The designation of halloumi willopen new horizons, benefiting thewider economy, Kouyialisconcluded.

The high value residential precinct ­ in prestigious Kamares. If you want to live in agrandiose setting that offers picturesque landscape, quality lifestyle and a high levelof service then Kamares Village will be on your list. This charming 2 storied villawas built to very high standards and strikes a perfect balance between a supercomfortable contemporary home and an outdoor living environment that’s atreasure you’ll love. The 1150m plot cascades gently down the hillside cleverlyexploiting the slope to create a fascinating multi­layered home design that is bothsuper functional and fantastically comfortable.

The plot is strategically positioned on a cul­de­sac giving you picture perfect,unobstructed, 180 degree, panoramic views stretching from Coral Bay to Kato

Paphos and beyond.

You have private undercoverparking on street level withnatural stone stairs leading upto the terraced gardencourtyard. The main dooropens to the formal livingareas and the three doublebedrooms above.

The expansive lounge–dining

Featured Property

Kamares Views Villa

room projects into the colourfulgarden, with nothing between youand the horizon, so grand is theoutlook. Inside, the living areaflows freely with a feature openfireplace at one end and anexpansive archway at the otherend spanning the high ceiling andeffectively separating the loungeand the dining ‘room’. Thegourmet kitchen that is customdesigned to make entertaining apleasure.

A more expansive outdoorentertainment setting spans theformal lounge. One bedroomenjoys its own elevated gardenarea intricately landscaped tooffer enhanced privacy andsuperior ambiance.

The three bedrooms are brightand spacious. The masterbedroom features a beautiful en­suite bathroom and dressing room. The masterbedroom and third bedroom share a large front balcony and have a favouredsoutherly orientation and brilliant panoramic scenery.

Finished to perfection inside and out, it is a home that is simply brilliant. KamaresVillage also offers greatlifestyle benefits for itsresidents. The KamaresClubhouse offers a vastvariety of activities,including a communitypool, tennis courts, afabulous restaurant, a minimarket, medical facilities,etc. So welcome… you’llenjoy living here.

Featured Property

Price: €385,000

Here is your chance to make thissunny Paphos apartment your perfectholiday hideaway. The ground floorapartment is part of an exclusiveresort development of 1,2 & 3bedroom apartments and houses witha warm Mediterranean feel. It is awell maintained complex featuring alovely communal pool and poolsideterraces.

Bright sunny interior whether you live here or are lucky enough to come here onholiday you’ll find your experience satisfying and the prestigious communal pooland recreation areas are sure to impress. The apartment enjoys a unique groundfloor position with ample outdoor space for your private enjoyment and relaxation.

The ground floor apartment is one in ablock of 2 apartments. You enter into aspacious open plan and beautifully detailedliving area showcasing your attractivegarden courtyard. The garden terraceconnects to the communal pool area.

You have a generous and well designed,fully equipped stylishly appointed kitchen.Through a large archway from the living area you access two bright doublebedrooms and a family bathroom. Both bedrooms feature expansive built­inwardrobes and master bedroom features garden terrace. Sirena Sunrise project is800m for the sea and a short walk to shops and restaurant. The apartment is fullyfurnished and equipped. Just bring you suitcase and make this your perfect holidayget away!

Featured Property

Sirena Garden Apt

Price: €108,000

New Fitzgerald's PropertiesPeyia FantasticoVilla

€189,000Beds: 3 Baths: 3

New urbanism mewsdevelopment in popularPeyia area in Paphos.The villa offers superliveble contemporaryliving spaces arrangedto face the communalpool.Title Deeds

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Tala Bungalow

€169,000Beds: 3 Baths: 2

3 bedroom bungalow isset in a quiet slightlysloping cul­de sac, only600m below the TalaVillage. Private pool,garden terraces. TitleDeeds

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Tala HeightsBungalow

€395,000Beds: 3 Baths: 3

Your home is set on avery generous 1300sqmterraced plot with yourhome taking the centrestage on the mostadvantageous mid level.Title Deeds

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Armou Sea ViewsTH

€92,000Beds 2 Baths 3

Happy Valley is a mixedresidential developmentwith pool and courtyard.You’ll love the quietsecluded location andrelaxing lifestyle to beenjoyed here. Title Deeds

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Paradise Gdns 1 Bed

€75,000Beds 1 Baths 1

This welcoming 1st floorapartment offers youtranquil resort views anda laidback lifestyle. Greatfloor plan, entertainerbalcony and modernfinishes. Com. pool &Garden. Title Deeds

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Anarita CountrysideSemi

€152,000Beds 2 Baths 3

Semi detached villa issurprisingly spaciouswith large living areas,separate kitchen and 2elegant bedrooms withprivate balconies and en­suites. Close to villagecentre.T.D.

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Germania commences flights to Cyprus

Paphos airport has welcomed the first flight of Germania Airlines which is offeringflights from five cities in Germany, Hermes airports said in a joint statement fromthe Cyprus Tourism Association (CTO) and the Paphos Regional Board of Tourism.

The German airline is offering flights from Berlin, Hamburg, Dusseldorf and Erfutto Paphos and from Munich to Larnaca. Some began operating earlier this weekwhile all will be flying by April 1.

The move is expected to generate financial benefits for Paphos and for the island’stourism, Paphos Regional Board of Tourism Executive Director NasosHadjigeorgiou said. “It will also contribute to the reduction of unemployment in thenear future, mitigate the seasonality and promote the image of Paphos, worldwide,”he said.

The Berlin­Paphos route will have one flight per week on Wednesdays, whichbegan on March 25. The Hamburg­Paphos route will also have one flight per week,also on Wednesdays as of March 25.

The Dusseldorf­Paphos route begins on March 29 with two flights per week onWednesdays and Sundays, and the Munich­Larnaca flight will be operated onTuesdays with one flight per week as of March 31.

The Erfurt­Paphos route will have one flight per week on Wednesdays, startingfrom April 1.

The airline is currently expanding its operations in international markets, expandingits base at London­Gatwick Airport.

Buy Cyprus Prestige properties and enjoy luxury Mediterranean lifestyle at itsbest. Explore the colours of the Mediterranean sunsets and the sea, visitarchaeological treasures and be witness to thousand years of recorded history inyour very own Mediterranean villa.

Welcome to Fitzgerald’s luxury prestige villas – showcasing safe and secure luxuryproperty investments for sale: beautiful photography, advantage of primelocations, ready Title Deeds, fully outfitted and often fully furnished.

Whether purchasing or selling a luxury property in Cyprus, you can be assured thatthe team at Fitzgerald Prestige Properties will do their utmost to achieve thedesired results...

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