February/Февраль2015

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: Peyia Hilltop Villa

Ref. 1703

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

Peyia Hilltop luxury villa islocated in the desirable Zalakiaarea, an elevated plateau locatedwest of Peyia Vilage centre. Thevilla sits on a 390sqm plot whichalso features private pool and lowmaintenance garden...

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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

Cyprus Property Market Picks UpStarting a New Year is an exciting time when manyresolutions and predictions are made. The Cyprus mediaseizes on many news items and reports a variety ofpredictions some to give us courage, some to shock, all tocapture public attention. Cyprus property market is butone ‘hot topic’ in the country and there are many opinionsof how to solve it.

Now, for what we do know!

From the Cyprus government, the latest property statisticsshow:

During 2014, Cyprus has managed a very healthy 20% increase in the total numberof property sales from 2013 to 2014. In 2013 ­ 3,767 property sales, in 2014 therewere 4, 527 sales.

Cyprus statistics also publish details of the two market segments ­­ one tracksnumber of local buyers and the other, overseas buyers. It is an interesting statisticaldata to see the differences and understand them.

What is surprising from the present data is that the ‘local’ segment is very active inthe market and number of purchases by locals far outstrips the overseas sales by 2.5to 1.

In 2014, there were 3,334 recorded ‘Local Sales’ whilst only 1,193 were recordedas ‘Overseas Sales’.

With Cypriots leading the property purchase group, logic would dictate that thelocal buyer is in a much better position to know the local market and the ‘realmarket value’ a lot more intimately than a foreign buyer. At this time of greathardship in the country they have the courage of conviction that ‘this is it’, investnow! 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 buyproperties and the interest from theoverseas buyers is also very strong. AtFitzgerald’s we specialize in the privateresale market. We have recognized thatspecializing in selling quality re­saleproperty is the key to success for us.We are here to ensure that our clients

Electricity price cut of 7 per cent

Electricity bills are set to be reduced further by7%, the Electricity Authority of Cyprus (EAC)announced on Friday.

The reduction will cover the monthlyconsumer bills issued in late January, and thebi­monthly ones due to be issued in February,the report said. Electricity Authority of Cyprusofficials were holding a news conference onFriday to announce the reductions.

Announcing the new decrease in the cost of electricity, EAC Spokesperson Costas

have absolute security and receive their Title Deeds on completion of formalities. InCyprus law, the ownership of the Real Estate is evidenced by the property TitleDeeds which names the owners.

During 2014 we have had 929 accompanied viewings, a massive 79% increase inviewings from 2013 as we stay at the cutting edge with new technology and moredynamic and creative ways to market our expanding range of properties. Ourmarketing drive is on­going and not confined to one media, publication or onelocation. It's all about instant electronic reach and about search engines andmillions 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 isintense. Our commitment to generate viewing and sales is a non­stop, internationaleffort, 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 ofall residential properties purchased by households (flats, detached houses, terracedhouses, etc.), both newly built and existing, independently of their final use andindependently of their previous owners”, reports that local prices fell in the thirdquarter 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 achievedremained the same. Cyprus Property News ­ Read more at:http://www.news.cyprus­property­buyers.com/2015/01/21/residential­property­prices­fall­1­7­per­cent/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 oncontact@fitzgeraldcyprus.com.

Cyprus to participate in the European Youth OlympicWinter Festival

Olympic Winter Festival (EYOWF2015), in Vorarlberg, Austria andLiechtenstein from 25 to January 30.

According to a press release, issued bythe Cyprus Olympic Committee (COC),this is the first time the Festival takesplace in two different countries.

In the EYOWF 2015, 45 countries willtake part, with 900 athletes aged 14­18 years (with attendants and coaches thenumber reaches 1.630), and with the help of 1,200 volunteers. The event will becovered by 100 accredited journalists.

The competition program includes eight sports: Biathlon, Ice Hockey, FigureSkating, Cross Country, Nordic Combined, Alpine Skiing, Ski Jumping, andSnowboard.

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 ofthe two countries hosting the games, while the slogan of the games is the«Rock theAlps».

Head of the Cyprus mission is Dimitris Papatheodotou, coach TheodorosChristodoulou and athletes Carolina Fotiades and Yannis Kouyioumtzian, who willtake part in the sport of Alpine Skiing and Slalom.

Garvielides said that monthly bills by the end of January and bi­monthly bills bythe 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 thepast six months and at 30% in the past two years, while further reductions in thefuture are not precluded.

Speaking at the same event, EAC General Manager Stelios Stylianou said the dropin the price of electricity was feasible also as a result of cuts in the Authority`soperational costs, estimated at over 35% in the past three years.

He observed however that this significant reduction and ensuing lower productioncosts are not reflected in the prices of consumer products.

Peyia Hilltop luxury villa for sale is located in the desirable Zalakia area, anelevated plateau located west of Peyia Vilage centre. The villa sits on a 390sqm plotwhich also features private pool and low maintenance garden.

The villa offers 160sqm of living space well suited to the Mediterranean lifestyle.Large covered and uncoveredterraces provide a large expanse ofoutdoor living and entertainmentareas.

There are also many shelteredareas and with Cyprus offeringover 340 days of bright sunshine,you’ll be sure to use the terracesthroughout the year.

Ground floor luxury interior isopen plan with lounge and formal dining room extending seamlessly to the vastdouble terrace overlooking the garden and the pool.

Numerous windows invite plenty of colours into the living areas, giving your homean expansive feel. The design effortlessly creates a ‘natural’ division of the openarea into varied comfortable living zones great for entertaining. There is also a

Featured Property

Peyia Hilltop Villa

strategically placed cast iron wood­burning stove maximizing theheating efficiency.

The family kitchen is fully equippedis recessed and almost hiddenbehind the stairwell walls. Thekitchen is well equipped and opensto a private garden terrace.

Upstairs you have three double

bedrooms all with large built­inwardrobes and A/C units.

The master bedroom featuresshower en­suite and opens to ascenic covered balconyoverlooking the pool. Otherbedrooms share full familybathroom; the Guest WC is onthe ground floor.

Featured Property

Price: €255,000

This delightful Geroskipouapartment is fresh, spaciousand utterly exciting. Yourtop floor apartment is asuper convenient home.

Within a few steps from thelift you enter an interestingprivate foyer from whereyour new home radiates intothree distinctive living areas.

To the left, a colourful brightand sunny lounge­dining room. Full of windows and stylishly furnished it presents asatisfying restfulness to unwind and enjoy being home.

With glass doors on two sides the whole area opens to an attractive wrap­ aroundcovered balcony, which also connects to the master bedroom. The balcony offersgreat 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 coveredbalcony, which also spans across the second bedroom.

Straight ahead from the entrance foyer, you come to another corridor with twodouble bedrooms either end and separated by an extensive family bathroom. Highceilings feature light­fans units, ample windows and double built­in wardrobes. Themaster bedroom opens to the living room balcony, whilst the second bedroom opensto the kitchen balcony.

The apartment is within walking distance to the Geroskpou Village centre. The seais 2km away.

Featured Property

Geroskipou 2 bed Apt

Price: €89,750

New Fitzgerald's PropertiesPissouri SunsetVilla

€295,000Beds: 3 Baths: 3

This immaculatelymaintained home offerseverything you want. Afew metres walk fromwide open spaces,breathtaking views ofthe sea. Title Deeds

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Tala Villa

€250,000Beds: 3 Baths: 3

Plot with pool, lowmaintenance terraces inprestigious Tala. 2 levelsof family living finishedto superior standard.Bright interior, privatepool, commanding seaview ... Title Deeds

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Regina Apartment

€110,000Beds: 2 Baths: 1

You’ll love the expansivebalcony and the fabuloussea views and gardenoutlook apartmentenjoys. Generous brightinterior. Close to Tombsof the Kings Road.Title Deeds

Ref:1693

Emba Elpiniki Apt

€69,500Beds 1 Baths 1

Small project with largecommunal gardens. Topfloor apartment withlarge balcony and cottageinspired kitchen.Impeccably maintainedand comes fullyfurnished... Title Deeds

Ref: 1696

City Apartment

€55,000Beds 1 Baths 1

The dynamic holiday andresidential area close toall the tourist attractions.First floor apartment withcovered balcony ­ greatesea views. Apartmenttotally renovated...Title Deeds

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Salomi Garden Apt

€102,000Beds 2 Baths 1

The apartment enjoys anunique ground floorposition. Space, privacyand plenty of lifestyleappeal. Super convenientcity location. Communalpool. Title Deeds.

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British Airways increases flights from Heathrow T5 to andfrom Larnaca

British Airways has announcedits Summer 2015 flightschedule from LondonHeathrow Terminal 5 toLarnaca, with an increase inthe number of flights from 7 to13 per week.

As part of its new pricingstructure, BA says it is offeringattractive rates on its economyfares, 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 767and Airbus 320 aircraft. Travelers will have the opportunity to benefit from multipleconnections to other destinations across the BA network which flies to more than170 destinations in 70 countries, the airline said.

“At a time of uncertainty in the Cyprus aviation market, British Airways hasreaffirmed its commitment to Cyprus by recognising the island as an importantdestination for UK holidaymakers, and has increased the number of flights to andfrom Heathrow T5”, said Freddie Stier, Commercial Manager of British AirwaysCyprus and Greece. “At the same time, we want to support the strong business andtrade links between Cyprus and the UK, and look forward to facilitating those tiesfurther in the future through our flight schedule”, Stier added.

BA said it would be also running its regular London Gatwick to Paphos and LondonGatwick to Larnaca flight schedule. Bookings for all routes can be made throughthe BA website www.ba.com, registered travel agents, and on the phone throughBA’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 B76729­Mar­15 25­Oct­15 Daily EXCEPT SAT 14:50 17:25 BA665 A320

Blue Air launches Cyprus hub

LOW­COST airline Blue Airlaunched its new base ofoperations in Cyprus yesterday,adding seven weekly flights toAthens and three to Thessaloniki.

The airline is filling the gap leftbehind by Cyprus Airways, theformer national carrier that wasgrounded last Friday after the EUCommission ruled that it shouldreturn €65m in state aid.

Blue Air’s commercial managerTudor Constantinescu stressed that the company’s main asset is low prices, addingthat 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 wantsfor his trip. For example, a passenger might not be interested in travelling with extraluggage, which would make the fare cheaper. Our airline provides top qualityservices for both regular travellers and VIP guests,” said the manager.

Discussing travel safety, Constantinescu argued that “in the ten years the companyis 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 ofoperations 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 hometo us,” he said.

(CyprusMail. Thursday, 29th January, 2015)

LONDON (HEATHROW T5) – LARNACAStart End Days Depart Arrive Flight No Aircraft

29­Mar­15 25­Oct­15 Daily 11:45 18:15 BA662 B76729­Mar­15 25­Oct­15 Daily EXCEPT SAT 07:10 14:00 BA664 A320

What's On with JezabelFor more events and details see www.groovejetmedia.comLISTINGS page or tune in to Rock FM 98.5 (Pafos) 106.7(Polis) 89.2 (Limassol)

Sunday 1st FebruaryJezebel 1pm at Paradise, Xlorakas 99771634Groovejet 8.30­11.30pm at Athena Beach Hotel 99753709

Monday 2nd FebruarySamira 8pm ­ midnight at Athena Beach Hotel 99753709

Tuesday 3rd February7.30pm Bob Clarkson at Phidias Tavern, just by Coral Bay Strip €15 inc. meze97796024

Friday 6th FebruaryPaphos Youth Theatre present Snow White & The Seven Dwarves 6.30pm atInternational School €8 adults €6 kids 99878521Samira 8pm ­ midnight at Athena Beach Hotel 99753709

Saturday 7th FebruaryAndy & Katalina 8pm to midnight plus A Flash of The Fifties Show 9pm at AthenaBeach Hotel 99753709

Saturday 14th FebruaryGroovejet 7.30pm at Minthis Hills, Tsada €35 inc. meal, canap s and welcomedrink 26642775www.minthishills.com

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 Hotel99753709

Louise Vreony 7pm for Cyprus Kidney Society at Green Olive, Kato Pafos €25 inc.meal 26911641

Sunday 15th FebruaryJezebel 1pm at Paradise, Xlorakas 99771634