Paphos Digest
February/Февраль 2015 www.fitzgeraldcyprus.com
Published By A. Mandziak Estate Agency Ltd. Trading as Fitzgerald Marketing Solomos Crt, 74 Ap. Pavlou Ave Kato Paphos Cyprus 8046 Tel: +357 26 930345 Fax: + 357 26 930929 e: contact@fitzgeraldcyprus.com web: www.fitzgeraldcyprus.com web: www.fitzgeraldprestige.com Cover: Peyia Hilltop Villa
Ref. 1703
Why Fitzgerald's? We aim to bring you the BEST VALUE properties in Paphos and now they are even better value... * A Safe Investment
Featured Property
Peyia Hilltop luxury villa is located in the desirable Zalakia area, an elevated plateau located west of Peyia Vilage centre. The villa sits on a 390sqm plot which also features private pool and low maintenance garden... Ref. 1703 (See page 6)
* No VAT charge to pay * Fully equipped * You can move in NOW Most of our properties either have the Title Deed issued, available or are in the final stages of Land Registry approval. Fitzgerald Marketing only list properties that are safe to buy and have a full record of any encumbrances on each property.
We continue to actively promote our range of top quality Cyprus properties on Rightmove Property Portal, UK余 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
Cyprus Property Market Picks Up Starting a New Year is an exciting time when many resolutions and predictions are made. The Cyprus media seizes on many news items and reports a variety of predictions some to give us courage, some to shock, all to capture public attention. Cyprus property market is but one ‘hot topic’ in the country and there are many opinions of how to solve it. Now, for what we do know! From the Cyprus government, the latest property statistics show: During 2014, Cyprus has managed a very healthy 20% increase in the total number of property sales from 2013 to 2014. In 2013 3,767 property sales, in 2014 there were 4, 527 sales. Cyprus statistics also publish details of the two market segments one tracks number of local buyers and the other, overseas buyers. It is an interesting statistical data to see the differences and understand them. What is surprising from the present data is that the ‘local’ segment is very active in the market and number of purchases by locals far outstrips the overseas sales by 2.5 to 1. In 2014, there were 3,334 recorded ‘Local Sales’ whilst only 1,193 were recorded as ‘Overseas Sales’. With Cypriots leading the property purchase group, logic would dictate that the local buyer is in a much better position to know the local market and the ‘real market value’ a lot more intimately than a foreign buyer. At this time of great hardship in the country they have the courage of conviction that ‘this is it’, invest now! It is difficult to imagine that they would take this option otherwise. This is the reality on the ground too. Local people are actively looking to buy properties and the interest from the overseas buyers is also very strong. At Fitzgerald’s we specialize in the private resale market. We have recognized that specializing in selling quality resale property is the key to success for us. We are here to ensure that our clients
have absolute security and receive their Title Deeds on completion of formalities. In Cyprus law, the ownership of the Real Estate is evidenced by the property Title Deeds which names the owners. During 2014 we have had 929 accompanied viewings, a massive 79% increase in viewings from 2013 as we stay at the cutting edge with new technology and more dynamic and creative ways to market our expanding range of properties. Our marketing drive is ongoing and not confined to one media, publication or one location. It's all about instant electronic reach and about search engines and millions of buyers and sellers worldwide getting information in real time. With so much enthusiasm in Cyprus property we have achieved a respectable 20% more sales in 2014 on the previous year! Of course what we do for our clients is intense. Our commitment to generate viewing and sales is a nonstop, international effort, in real time. We take this as our responsibility our clients expect no less. According to the Eurostat “House Price Index (HPI) measures the price changes of all residential properties purchased by households (flats, detached houses, terraced houses, etc.), both newly built and existing, independently of their final use and independently of their previous owners”, reports that local prices fell in the third quarter of the 2014 by only 1.7% compared to the same period in 2013. Additionally it is reported that in the final quarter of 2014 the prices achieved remained the same. Cyprus Property News Read more at: http://www.news.cypruspropertybuyers.com/2015/01/21/residentialproperty pricesfall17percent/id=0048071 If you have a property to sell, Fitzgerald’s marketing team will love to help you. Contact us on (++357 26 930 345) or send us email on contact@fitzgeraldcyprus.com.
Electricity price cut of 7 per cent Electricity bills are set to be reduced further by 7%, the Electricity Authority of Cyprus (EAC) announced on Friday. The reduction will cover the monthly consumer bills issued in late January, and the bimonthly ones due to be issued in February, the report said. Electricity Authority of Cyprus officials were holding a news conference on Friday to announce the reductions. Announcing the new decrease in the cost of electricity, EAC Spokesperson Costas
Garvielides said that monthly bills by the end of January and bimonthly bills by the end of February will be lower by 6.9%, compared to bills one month before. The reduction will apply to all categories of consumers. According to Gavrielides, the total decrease in EAC bills is estimated at 15% in the past six months and at 30% in the past two years, while further reductions in the future are not precluded. Speaking at the same event, EAC General Manager Stelios Stylianou said the drop in the price of electricity was feasible also as a result of cuts in the Authority`s operational costs, estimated at over 35% in the past three years. He observed however that this significant reduction and ensuing lower production costs are not reflected in the prices of consumer products.
Cyprus to participate in the European Youth Olympic Winter Festival Olympic Winter Festival (EYOWF 2015), in Vorarlberg, Austria and Liechtenstein from 25 to January 30. According to a press release, issued by the Cyprus Olympic Committee (COC), this is the first time the Festival takes place in two different countries. In the EYOWF 2015, 45 countries will take part, with 900 athletes aged 1418 years (with attendants and coaches the number reaches 1.630), and with the help of 1,200 volunteers. The event will be covered by 100 accredited journalists. The competition program includes eight sports: Biathlon, Ice Hockey, Figure Skating, Cross Country, Nordic Combined, Alpine Skiing, Ski Jumping, and Snowboard. The mascot of the Games is ALPY, combining the words ALPs and Youth. Alongside the name, coexist letter A (Austria) and L (Liechtenstein), the initials of the two countries hosting the games, while the slogan of the games is the«Rock the Alps». Head of the Cyprus mission is Dimitris Papatheodotou, coach Theodoros Christodoulou and athletes Carolina Fotiades and Yannis Kouyioumtzian, who will take part in the sport of Alpine Skiing and Slalom.
Featured Property
Peyia Hilltop Villa Peyia Hilltop luxury villa for sale is located in the desirable Zalakia area, an elevated plateau located west of Peyia Vilage centre. The villa sits on a 390sqm plot which also features private pool and low maintenance garden. The villa offers 160sqm of living space well suited to the Mediterranean lifestyle. Large covered and uncovered terraces provide a large expanse of outdoor living and entertainment areas. There are also many sheltered areas and with Cyprus offering over 340 days of bright sunshine, you’ll be sure to use the terraces throughout the year. Ground floor luxury interior is open plan with lounge and formal dining room extending seamlessly to the vast double terrace overlooking the garden and the pool. Numerous windows invite plenty of colours into the living areas, giving your home an expansive feel. The design effortlessly creates a ‘natural’ division of the open area into varied comfortable living zones great for entertaining. There is also a
Featured Property strategically placed cast iron wood burning stove maximizing the heating efficiency. The family kitchen is fully equipped is recessed and almost hidden behind the stairwell walls. The kitchen is well equipped and opens to a private garden terrace. Upstairs you have three double bedrooms all with large builtin wardrobes and A/C units. The master bedroom features shower ensuite and opens to a scenic covered balcony overlooking the pool. Other bedrooms share full family bathroom; the Guest WC is on the ground floor.
Price: €255,000
Featured Property
Geroskipou 2 bed Apt This delightful Geroskipou apartment is fresh, spacious and utterly exciting. Your top floor apartment is a super convenient home. Within a few steps from the lift you enter an interesting private foyer from where your new home radiates into three distinctive living areas. To the left, a colourful bright and sunny loungedining room. Full of windows and stylishly furnished it presents a satisfying restfulness to unwind and enjoy being home. With glass doors on two sides the whole area opens to an attractive wrap around covered balcony, which also connects to the master bedroom. The balcony offers great views to the city and the sea. To the right, a very generous separate kitchen with three walls of storage units, extensive workspace and fully equipped. The kitchen opens to yet another covered balcony, which also spans across the second bedroom. Straight ahead from the entrance foyer, you come to another corridor with two double bedrooms either end and separated by an extensive family bathroom. High ceilings feature lightfans units, ample windows and double builtin wardrobes. The master bedroom opens to the living room balcony, whilst the second bedroom opens to the kitchen balcony. The apartment is within walking distance to the Geroskpou Village centre. The sea is 2km away. Price: €89,750
New Fitzgerald's Properties Pissouri Sunset Villa €295,000 Beds: 3 Baths: 3
Tala Villa €250,000 Beds: 3 Baths: 3
This immaculately maintained home offers everything you want. A few metres walk from wide open spaces, breathtaking views of the sea. Title Deeds
Plot with pool, low maintenance terraces in prestigious Tala. 2 levels of family living finished to superior standard. Bright interior, private pool, commanding sea view ... Title Deeds
Ref: 1691
Ref: 1695
Regina Apartment
Emba Elpiniki Apt
€110,000 Beds: 2 Baths: 1
€69,500 Beds 1 Baths 1
You’ll love the expansive balcony and the fabulous sea views and garden outlook apartment enjoys. Generous bright interior. Close to Tombs of the Kings Road. Title Deeds
Small project with large communal gardens. Top floor apartment with large balcony and cottage inspired kitchen. Impeccably maintained and comes fully furnished... Title Deeds
Ref:1693
Ref: 1696
City Apartment
Salomi Garden Apt
€55,000 Beds 1 Baths 1
€102,000 Beds 2 Baths 1
The dynamic holiday and residential area close to all the tourist attractions. First floor apartment with covered balcony greate sea views. Apartment totally renovated... Title Deeds
The apartment enjoys an unique ground floor position. Space, privacy and plenty of lifestyle appeal. Super convenient city location. Communal pool. Title Deeds.
Ref. 1694
Ref: 1697
British Airways increases flights from Heathrow T5 to and from Larnaca British Airways has announced its Summer 2015 flight schedule from London Heathrow Terminal 5 to Larnaca, with an increase in the number of flights from 7 to 13 per week. As part of its new pricing structure, BA says it is offering attractive rates on its economy fares, with a return ticket priced at €249, and a oneway flight costing €120 – both inclusive of taxes. The route will be operated daily – with the exception of Saturday – on Boeing 767 and Airbus 320 aircraft. Travelers will have the opportunity to benefit from multiple connections to other destinations across the BA network which flies to more than 170 destinations in 70 countries, the airline said. “At a time of uncertainty in the Cyprus aviation market, British Airways has reaffirmed its commitment to Cyprus by recognising the island as an important destination for UK holidaymakers, and has increased the number of flights to and from Heathrow T5”, said Freddie Stier, Commercial Manager of British Airways Cyprus and Greece. “At the same time, we want to support the strong business and trade links between Cyprus and the UK, and look forward to facilitating those ties further in the future through our flight schedule”, Stier added. BA said it would be also running its regular London Gatwick to Paphos and London Gatwick to Larnaca flight schedule. Bookings for all routes can be made through the BA website www.ba.com, registered travel agents, and on the phone through BA’s reservation centre at 800 92 556. The route schedule released by BA is as follows: LARNACA – LONDON (HEATHROW T5) Start End Days Depart Arrive Flight No Aircraft 29Mar15 25Oct15 Daily 19:25 22:25 BA663 B767 29Mar15 25Oct15 Daily EXCEPT SAT 14:50 17:25 BA665 A320
LONDON (HEATHROW T5) – LARNACA Start End Days Depart Arrive Flight No Aircraft 29Mar15 25Oct15 Daily 11:45 18:15 BA662 B767 29Mar15 25Oct15 Daily EXCEPT SAT 07:10 14:00 BA664 A320
Blue Air launches Cyprus hub LOWCOST airline Blue Air launched its new base of operations in Cyprus yesterday, adding seven weekly flights to Athens and three to Thessaloniki. The airline is filling the gap left behind by Cyprus Airways, the former national carrier that was grounded last Friday after the EU Commission ruled that it should return €65m in state aid. Blue Air’s commercial manager Tudor Constantinescu stressed that the company’s main asset is low prices, adding that the airline has the capacity to adhere to all passengers’ needs. “Blue Air might be lowcost, but it allows the traveller to add any service he wants for his trip. For example, a passenger might not be interested in travelling with extra luggage, which would make the fare cheaper. Our airline provides top quality services for both regular travellers and VIP guests,” said the manager. Discussing travel safety, Constantinescu argued that “in the ten years the company is operating we never had an incident on the ground or in the air.” Company chairman Gheorghe Racaru told the press that setting up a base of operations in Cyprus will create jobs for flight attendants, pilots and technicians. “Over our seven year presence in the Cypriot market, we feel Cyprus is like a home to us,” he said. (CyprusMail. Thursday, 29th January, 2015)
What's On with Jezabel For more events and details see www.groovejetmedia.com LISTINGS page or tune in to Rock FM 98.5 (Pafos) 106.7 (Polis) 89.2 (Limassol) Sunday 1st February Jezebel 1pm at Paradise, Xlorakas 99771634 Groovejet 8.3011.30pm at Athena Beach Hotel 99753709 Monday 2nd February Samira 8pm midnight at Athena Beach Hotel 99753709 Tuesday 3rd February 7.30pm Bob Clarkson at Phidias Tavern, just by Coral Bay Strip €15 inc. meze 97796024 Friday 6th February Paphos Youth Theatre present Snow White & The Seven Dwarves 6.30pm at International School €8 adults €6 kids 99878521 Samira 8pm midnight at Athena Beach Hotel 99753709 Saturday 7th February Andy & Katalina 8pm to midnight plus A Flash of The Fifties Show 9pm at Athena Beach Hotel 99753709 Saturday 14th February Groovejet 7.30pm at Minthis Hills, Tsada €35 inc. meal, canap drink 26642775 www.minthishills.com
s and welcome
Les Holmes Sax 7om at St Paul's Pillar Tavern, Kato Pafos 99792117 Andy & Katalina 8pm to midnight plus Cabaret Show 9pm at Athena Beach Hotel 99753709 Louise Vreony 7pm for Cyprus Kidney Society at Green Olive, Kato Pafos €25 inc. meal 26911641 Sunday 15th February Jezebel 1pm at Paradise, Xlorakas 99771634