June
Fitzgerald Estates Paphos Digest
Fitzgerald Estates (Cyprus) www.fitzgeraldcyprus.com
Fitzgerald Estates Solomos Court 74 Apostolos Pavlou Ave Kato Paphos Cyprus 8046 Tel: +357 26 930345 Fax: + 357 26930929 e: contact@fitzgeraldcyprus.com web: www.fitzgeraldcyprus.com ©2011 Fitzgerald Estates
Why Fitzgerald's?
We aim to bring you the BEST VALUE properties in Paphos and now they are even better value... * A Safe Investment * 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 Estates only list properties that are safe to buy and have a full record of any encumbrances on each property.
Featured Property
This home in Coral Bay is near the top of the cape, an idyllic location with breathtaking scenery to the open Mediterranean and the Bay with its pristine beaches nestled against the hilly countryside. To find out more just quote the reference number 1232 (See Page 6) We continue to advertise our world class website on the famous British property website ‘Rightmove’, the Cyprus Mail, Essential Paphos magazine and the Russian magazine ‘My Island’ (Moi Ostrov) attracting sellers as well as buyers. We are seeing consolidation of prices at current realistic levels. As more people wake up to the fact that this is a wonderful opportunity to buy villas, prices will increase however prices for apartments will continue to be soft because there is a big oversupply of these types of properties.
A Great Time to Buy Villas When the world seems to be going crazy stay calm! The constant flux in the Cyprus property market is an unsettling factor for both buyers and sellers. The local press reports that Cyprus property prices have dropped across the whole spectrum of the property market. Whilst the Royal Institute of Chartered Surveyors report covering the period to the end of 2010 describes the performance of the property market as ‘disappointing’, the report also mentions that there are signs of price stabilisation amid signs of growth in the economy. At Fitzgerald’s there is ample evidence that buyers are returning to the market taking advantage of lower prices for holiday homes and for permanent residence. The numbers of 'moneyed' people coming from the South of England, Scandinavia and Russia to seek a new and better life is rapidly increasing. As well, Cypriots are cashing in on the situation too. However the air of optimism is returning for the sellers too. As demand increases, indications are out there that the market has bottomed out and the prospects are much brighter are on the horizon. Although there are a lot of bargain hunters, the sellers are far more confident to achieve the ‘fair’ market price. The behaviour in property prices across Cyprus is not so much ‘disappointing’, to paraphrase the Royal Institute of Chartered Surveyors report, but returning to a normal, manageable level, down from the grossly overpriced one they have been until recently, especially in Paphos. Limassol property prices seem to be holding on, perhaps banking on the Russian clients’ cash power, but with increased interest from Russian buyers in Paphos properties, they too are looking for a better value for their money. Where can you secure beach front line property in the developed Mediterranean for an astonishing €875,000? Interested? Check it out: Coral Bay Beach: http://www.fitzgeraldprestige.com/properties/1232-coral-bay/ Chloraka Beach Villa : http://www.fitzgeraldprestige.com/properties/1225-2/ or Pissouri Luxury Villa with of 500m/sq at 725,000 euros http://www.fitzgeraldprestige.com/properties/1195-2/ The number of people who are looking at Fitzgerald's quality property with Title Deeds is expanding rapidly, especially for villas, and the buyers are well aware that
now is the right time to buy. Fitzgerald Estates has a large range of all types of quality property at all different price levels and their range of villas offers outstanding value. To meet the demand Fitzgerald's have expanded their portfolio of quality properties on www.fitzgeraldcyprus.com and their Prestige Property website www.fitzgeraldprestige.com As one well-healed Swede put it this week 'I only look at your Prestige website because I want great quality under €1 million'. ‘There has never been a better time to buy your dream villa than now,’ says Daryl Fitzgerald. ‘The reasons that prices will increase, particularly for top quality properties, is that there is a robust demand for quality properties at realistic prices.’
New Desalination Plant in Paphos The new Desalination unit at Kouklia in Paphos has been unveiled in the presence of President Christofias who said “The completion is a decisive step towards the final solution of our water problem”. In 2008, Cyprus needed to import water from Greece, spending more than €50 million, as a result of several years of drought on the island. Two further desalination units are to be completed by 2012 in Vasiliko, Larnaca and Episkopi, Limassol while it is estimated that reservoirs are currently at about 60 per cent of their capacity. The Paphos desalination plant will be able to pump out 30,ooo cubic metres daily and will cover the needs of the municipalities of Paphos, Peyeia, Yeroskipou and of 20 other local communities. At the event President Christofias said that the government’s aim was to solely use recycled water to irrigate crops and keep water prices level throughout Cyprus as well as trying to instill a sense of “water consciousness” in the public. According to the government the trend for Cyprus is for summers to grow and be increasingly arid while the island’s water needs have been consistently rising in recent years. The downside of course is that the desalination units were power hungry with ten per cent of the islands total energy consumption going to feed them.
Travel subsidies to boost tourism The Cyprus government and Hermes Airports have entered into a partnership to help bolster the tourist arrivals to the island. The new links to Cyprus would be open from points of origin in Russia, the Middle East and several airports in southern and northern Europe and these will attract a subsidy of â‚Ź25 per each arriving passenger shared equally between the government and Hermes company. No participating airline/s covering these routes have been named as yet, however the initiative is said to guarantee a minimum of 400,000 passengers per year. The scheme will go into effect as of this autumn. For the existing routes there will be a â‚Ź4 government subsidy and further â‚Ź10 per passenger will be contributed Hermes Airports. Combined, the two schemes are projected to bring some 500,000 additional tourists in 2012, according to the Chairman of Hermes Airports. The agreements are valid for 5 years. Latest government data meanwhile showed a rise in traffic in the first four months of the 2011. Tourist arrivals totalled some 405,463, a 17.6 per cent increase on the same period last year. For the month of April alone, tourist arrivals reached some 200,000, a 43 per cent increase compared to the same month last year. This included a 29.1 per cent increase in arrivals from the United Kingdom, a 74 per cent increase from Russia and a 30.8 per cent increase from Germany.
The Fitzgerald Office Being a family business we have one office centrally situated in Kato paphos close to and in walking distance of both the Harbour and the Tomb of the kings Road. The office hours are from 9am to 5.30pm 6 days a week with no break for lunch. So if you are working and only have your lunch break to come and see us, you are welcome! If you have a property of any kind to sell in the Paphos area with Title Deeds in your name please come and see us, we are always looking for new properties to market.
Featured Property
A Prestigious dress-circle position – own private island resort. Picture a rugged cape jutting out into the iridescent sea, a picturesque sheltered bay and across the water, the imposing headland with the remains of fortification walls dating back some 3200 years guarding the narrow strait. Your home is near the top of the cape, an idyllic location with breathtaking scenery to the open Mediterranean and the Bay with its pristine beaches nestled against the hilly countryside. Sited on a generous plot with an uncommonly large sea frontage and almost directly opposite the ancient castle; the historical significance inspires and the natural beauty of the coast delights the soul. Today your home is set on one of Coral Bay’s finest streets and within walking distance to the heart of the vibrant Coral Bay Resort Village where you find an eclectic mix of entertainment venues, shops and cafes catering to up-market international clientele. In a word, you’ll find everything you’d expect in a dynamic, resort- type environment within easy reach.
Your sprawling one level home offers comfortable living for the family. Featuring a clean, white palette accentuated by polished tiles and soaring pitched ceilings, the area offers a warm and welcoming atmosphere with contemporary elements and charm. Generous open plan living and dining areas merge effortlessly with a centrally located kitchen. The living area is split level with the sitting room at entry level, then slightly lower (4 steps down), an expansive kitchen and dining area which flows seamlessly to the semi-screened living room. Taking full advantage of the breathtaking panoramic vista the living room is surrounded by windows. Two sets of patio doors open the area to the massive sea-side terrace flanked by a series of imposing arches which frame the panoramic scenery to perfection. Providing maximum privacy, the bedrooms are located on either side of the upper sitting room and feature walk-in wardrobes and private en-suites. Both bedrooms open to a sea-facing balcony with the master bedroom overlooking the expansive courtyard and the pool area. Custom-built of stone, the barbeque is but a hint of the outdoor lifestyle enjoyed here. The mesmerising beauty of the Mediterranean, cooling breezes and the spectacular sunsets‌. it’s a setting to inspire you, your friends and family. P.S. New planning regulations allow you to build a new home of 360sq m of covered area on this large 600 sq m plot. Don’t miss this amazing opportunity to secure this outstanding front-line property and a lifestyle your heart will cherish forever. Quote refence: 1232 to find out more.
Turtle Watch in action As the nesting season approaches for Loggerhead and Green turtle (both are classified as endangered species) the Turtle Watch is in the full swing to clear the debris from the beaches and the shallows. Episkopi Turtle Watch held its sixth annual beach clean programme with a major clean up of Curium Beach in early May and the rubbish haul this year included fishing nets, tractor tyres, televisions and furniture items. According to the spokesman for the Turtle Watch the removal of rubbish in the Curium Bay reduces the hazards for the turtles making their journey to the beach and thankfully no dead turtles. The good news is over the past six years, there has been marked improvement in the Paphos Akamas National Park with its Lara Beach is also an important nesting site. Young turtle emerge from their nest in August and the Turtle Watch will be there to ensure each one reaches the sea. Rare Tulip Found in Mountains The rare and very beautiful sun's-eye tulip, (Tulipa agenensis) also known as Toulipa tou Polemiou as it mainly grows in the Polemi area in Paphos, has been found in the mountainous regions of Pitsilia, the Forestry Department announced yesterday. The rare find was discovered by husband and wife team Georgos and Fani Constantinou, along with the Forestry Department. Even more extraordinary is that the tulip is still in bloom, a month after its usual flowering period probably due to the altitude. Pitsilia is 1,200m above sea level. Tulips generally are indigenous to mountainous regions with mild climates. Polemi, Stroumbi and Fiti in the Paphos area as well as Monagri in the Limassol area, were in the past the only known sites of this specific type of tulip which is considered not only rare but vulnerable. According to the elderly lady who owns the vineyard where the rare tulip was found, the flowers have been there for as long as she can remember. Forestry Department officials have already replanted tulip bulbs at the Troodos Botanical Gardens, in addition to agreeing with the community council on ways to protect the plant.
Wanted: Cheerleader in Paphos The Paphos Warriors, an Arsenal affiliated soccer school is looking to bring a ‘feminine balance’ to their fierce Warrior team. The school is looking to establish cheerleading squads to support the team at home and away games. The girls should be between 10 to 20 years old, have great personality, enthusiasm and commitment. The level of fitness is encouraged but it doesn’t matter about the girl’s size or weight. The tryouts were held in Olympiako Stadium in Yeroskipou under the guidance of two professional dancers putting the girls through light routines. A junior and senior squads will be formed and girls will be trained as a college style athletic cheerleading squad. The girls will be wearing college style clothes, according to Warriors spokesperson. Girls interested in learning what being a cheerleader involves are invited to attend the training/ practice sessions which will commence in September. For more information contact Cathy Alexandrou on 97773804 Art Exhibition in Tala. Acclaimed Norwegian artist Frode Sandal has an exhibition of his latest works at The Gallery Restaurant, Tala. The new pieces, called ‘The Dance Collection’ are be accompanied by some of his other individually selected works. The event organised by Paphos based ‘In Any Event’ opened on 25th May with the artist on site to discuss the new collection with visitors and the media. Oslo born Frode has sold his work throughout Scandinavia, mainland Europe and America but this is his first exhibition to be held in Cyprus. Such is his talent that during his early years lecturers actually bought and commissioned his work. Although equally at home with sculpting he has for the past five years concentrated on experimenting with paints but now he mainly uses acrylic. The exhibition runs until 8th June and The Gallery Restaurant is found just off the Village Square in Tala, Paphos
Out & About
May saw the Annual Flower Festival at Aigia Kyriaki Church on May 4th to 6th. This was the eighth year the festival has run.
Stage One gave us an Alan Bennett double bill, for their early May production. Single Spies – an apt title for the two plays performed being “An Englishman Abroard” and “A question of Attribution”. Both these excellent plays brought their audience back to the Spy Scandals of Guy Burgess and Anthony Blunt! An Englishman Abroad, last year won the Rosebowl Festival, and it had lost none of its theatre magic this year and in some ways had greater depth than 2010’s production.
Barrie Rowe Big Band, did three concerts – during May, at Tala Amphitheatre, Avanti Hotel and Pissouri. Charities benefiting from The Barrie Rowe Big Band Nights were St Michael’s Hospice and the Cancer Patients Support Group.
Rosebowl Drama Festival The Festival is an annual event which takes place at Episkopy Garrison with drama groups from across the Island taking part. Once again the Stage One Theatre Group from Emba, which Fitzgerald Marketing are proud to be a sponor of, were up there in the honours. Winners of the Rosebowl Drama Festival, and Waistcoat Trophy for best set together with the adult group. The Bible in 45 Minutes ... or Less. By: Anton Bucher An energetic and high spirited play that manages to tell the story of the bible in around 45 minutes. It starts from the Book of Genesis and pushes through to Revelation. The audience meets over 100 bible characters which are presented in a comical way.
Winners of the Adjudicator's Pot at the Rosebowl Drama Festival for best technical team, and waistcoat trophy for best set together with the youth group. 'Alarms' by: Michael Frayn. Four old friends meet for a quiet dinner party, only to have their evening disrupted in a most alarming way. The London Welsh Male Voice Choir – This incredible Choir, on it’s first tour of Cyprus have to be seen to be appreciated they were supported by three fine Paphos soloists Judith Evans, Graham Ormiston and Louise Vreony. The choir featured their own soloist David Williams in the Classic Welsh song – Working Man. The 60 strong choir, musicaly directed by Edward Rhys-Harry, with pianist Annabel Thwaite all funded their own trips, gave of their services free, in order that the Friends Hospice, and Army Benevolent Fund would benefit from the 3 concerts taking place at Paphos and Pissouri, with the final concert taking place at the Paphos Harbour on Friday 3rd June.