NEWSLETTER NO 37, February 2012
Fitzgerald's Positive Start to 2012.
There has been an optimistic start to 2012, much more than most Cypriots expected. The woes of Greece touches us here deeply here but it also gave Cyprus the courage to initiate a raft of much needed austerity measures which to this point of time sat firmly in the ‘to do’ basket.
Even the Fitch rating agency, after they have severed two notches off the Cyprus Sovereign ratings, had to admit that the nations’ fiscal stance is ‘encouraging’ as the measures were passed by the clear majority in the Cypriot parliament without a hitch. The cross party consensus was unprecedented and well received by all. By and large Cypriots shrugged off the downgrades rather well remembering the time when the rating agencies gave the 5 star ratings to all and sundry with equal vigour.
The Cyprus economy remains very optimistic, much aided by the find of massive deposits of natural gas off Cyprus, evidently a much sought after commodity, which already has brought new businesses into the area and a cadre of corporations looking at partnership exploration options.
The good news does not end there. Ryanair is setting up shop in Paphos creating some 600 new jobs and establishing a busy flight schedule across Europe ferrying some 600,000 people to Paphos! We will even have direct flights to Rome!
The unseasonal wet weather dampen some holidays but the overflowing of the major local dams brought the local populous out in droves to see the spectacle of water falls from spillways. The roads were blocked with spectators and close behind followed the kebab vendors, ice cream vans, musicians, and all, creating a very festive atmosphere.
The property market is doing well. People from many different countries realize that the current low property prices in Cyprus are fabulously good value. There is better demand now than at any time in the last 4 years. Fitzgerald’s property marketing service has seen a very positive increase in quality property for sale and many more sales being made - in fact it is the busiest start to any of their 9 years!
The leaders of this buying push are still the British and they have a little bit more to cheer about with the British Pound increasing in value and giving them more Euros for their money.
Weather
Well what a winter this has been! Gale force winds, rain and even the dams are overflowing. The Asprokremmos dam, (in the Paphos area), which is the second largest on the island, overflowed at the end of January, the first time in seven years. Other dams that have not yet overflowed are expected to do so within the next 2 weeks.
Yes, it’s not good for tourists, but it does mean that water cuts can be ruled out for the foreseeable future, especially as the desalination plants are now on-line – that’s the silver lining!
Although the weather is inclement, it does make a change to see the Atlantic-type “rollers” instead of the blue and turquoise calm Mediterranean.
Even the skiers are having problems as some of the roads to Troodos are closed, due to heavy snow.
However, those of us who are “moaning” should realize that a lot of people would be happy with our daytime temperatures of 14deg and above!!! We still see some visitors in shorts and T-shirts when we are wrapped up in jumpers and furry boots!!!!!
Asprokremmos Dam
Depending who you talk to this is the wettest winter in the paphos region for 50 years or 100 years or maybe even more. There is one thing for sure, it has rained and rained to the point where memories of the drought which had lasted 5 years and drained the reservoirs to 3% of their capacity are becoming a distant memory. Then in the winter of 2008/2009 the drought broke with what was considered to be very wet weather, though apparently not up to current standards.
The dams have since risen from their 3% capacity to quite a healthy level, this year in the Paphos region they have hit the jackpot. For the first time in 7 years the Asprokremmos Dam near Paphos the second largest on the island with a capacity of 52.4 million cubic meters has reached its capacity and is now overflowing, the once dried up river bed below it is now a tumult with flooding on both banks. Three other reservoirs in the Paphos District; Pomos, Argaka and Arminou have also overflowed.
January is a very quiet time in Cyprus all the tourist have gone and a very large proportion of businesses in Paphos are closed awaiting their return. So this event has caused a lot of interest, so much so there is quite a party atmosphere at the dam with crowds going to see the spectacle. Also the Cypriot keen sense of business ensures that you can get everything from Souvlaki to doughnuts and much more besides while you take in the view. On the Thursday evening a very large expectant crowd had gathered to watch the start of the overflow causing so much traffic chaos the police had to attend to sort things out. In fact it almost being considered a festival.
Ryanair
Ryanair, announced on the 10th January that it would open its 50th base (and the first in Cyprus) at Paphos (Cyprus’s third largest city) in April 2012 with two based aircraft and 14 routes which will initially deliver over 600,000 passengers each year and sustain over 600 jobs with over 80 weekly flights as Ryanair invests over $140 million at Paphos Airport.
For the UK, this means that those people who lost out when Cyprus Airways cancelled their Paphos-Stansted-Paphos flights will be able to fly with Ryanair instead.
Having just checked onto their website, we’ve found a return flight from the UK, 4th July – 18th July at £162.99 including on-line check-in and EU levies. There will, of course, be extra charges for baggage, but hopefully not the use of toilets!!!!!
Natural Gas Update
It was just too late for our last newsletter, but the news that natural gas has been found off the shores of Cyprus has been welcomed by everyone. At the end of December 2011, President Demetris Christofias announced that Cyprus’ Aphrodite Block 12 field contains between 5 trillion and 8 trillion cubic feet of natural gas. Noble Energy said that the find was significant.
Since then, Noble Energy has announced they will be back later this year to drill a second well as they have only drilled the equivalent of a “pinhole” so far.
Of course, this will all take time, but the effect on jobs and the economy can only be positive.
Cyprus Football
An action plan to develop young talent in football in Cyprus needs about ten years to bear fruit, UEFA envoys said on Thursday, speaking to the press, in Nicosia.
Howard Wilkinson and Robin Russell, who arrived in Cyprus last Monday, completed yesterday a series of contacts with stakeholders, with a view to develop a “National Football Development Plan” for the Cyprus Football Association.
As Wilkinson said, there are no shortcuts in making the results of such an investment visible, aiming to tackle the lack of young talent available to play quality football.
Wilkinson, a former English football player and manager, further noted that the presence of UEFA envoys in Cyprus is not to direct solutions, but to suggest possible ways of addressing the problem, after having talked with all people who are at the heart of the problem.
Change cannot occur overnight, he added, but noted the examples of numerous European countries who addressed the problem, amid less favourable conditions than Cyprus.
As he explained, young football talent need to be trained together with their likes by the best trainers-educators possible and in the best facilities available in order to stand a chance to play quality football in first division teams.
CFA second deputy president Andreas Santis noted from his part that after the UEFA visit, the implementation of a definite action plan is expected by June 2012.
Featured Property
Guaranteed Privacy and Views ForeverLove of Cyprus’s traditional architecture and its affinity with the local countryside were the decisive factors in the owners choosing the Lithos Company, (the specialists in stone construction), to build their Cypriot dream home.
This infinitely appealing home stands aloft an elevated plot offering fabulous views to the countryside and the distant coastline in this exclusive enclave of luxury homes.
On the street level you have a private garage and gated stairs taking you to the lovely pool courtyard. Here you can well appreciate the grandeur of the villa and the meticulous attention to detail that only hints of the luxury within.The elegant entry hall effectively separates the living areas and the bedroom wing. The wide open space is suffused by natural light showcasing the beautifully crafted sweeping stairway with its circular first floor landing.
To the left, an expansive stone archway opens to a delightfully bright lounge with a corner fireplace, huge patio doors open to the pool and yet another archway at the far end leads to the dining room….., projecting a graceful meandering and superbly relaxing feel to your living area.
The dining room also features a fantastically versatile, stylish and contemporary all granite kitchen and opens to a secluded al-fresco dining area. The annex is an outdoor entertainment haven which features stone pillars and a traditional built-in BBQ.
The first floor features two exquisite double bedrooms both with expansive private balconies with breathtaking country scenery. Both bedrooms have en-suite bathrooms. On the ground floor there are two additional rooms, one opening to the front terrace and is utilised as an informal sitting room, whilst the second is presently used as an office.
You MUST view this property to appreciate everything it offers, but don’t take too long as it will soon be snapped up!!
Find out more about this property by quoting ref: 1326
NEWSLETTER NO 36, January 2012
A Happy New Year, from all of us at Fitzgerald Marketing
Who knows what 2012 will bring? Over the past year, many events that some of us hoped never to see again and others thought we would never see have sometimes rocked our foundations and it could be that there is more to come. However, we humans are resilient and changes happen. We all have to adapt and somehow we will!!!! As Buzz Lightyear said “To infinity…. and beyond”.
Cyprus is a small island in the Mediterranean Sea and not immune to global changes. We like to think we can do what we want (and we do most of the time), but occasionally we have to conform.
However, it certainly helps when we have the sun shining for 326 days of the year and that’s a conservative figure. In December, we’ve had daytime temperatures in the mid 20s and just before Christmas, we had night-time figures of 19deg. The saying that in winter you can ski in the Troodos mountains in the morning and swim in the sea in the afternoon is actually true – been there, done that!
For Fitzgerald Marketing, the past year has been very successful. We are the leading property resale company in the Paphos area and are spreading our expertise further afield from areas such as Pissouri and Prastio in the Limassol district to Arodes and Droushia near Polis.
Our world-wide reputation means that we now have enquiries, (resulting in sales), from countries such as the UK, Ireland, Russia, Brazil, Germany, Scandinavia, Cyprus, (of course) and many others. Sometimes we don’t get the chance to even promote a property, as it is sold by Fitzgerald Marketing before it even gets onto the website.
OK, prices are not what they were, but the buyers market is still buoyant and we ALWAYS need properties to promote. As long as the seller is realistic about the value of the property, then there is a very good chance that Fitzgerald Marketing will be successful in finding the right buyer. We value property at or near the price it should achieve as we want to ensure that both parties are happy – then we are happy too.
So, if you have a property, (with Title Deeds), to sell or you wish to buy a property, come and talk to us – or e-mail/phone. We pride ourselves on giving a true and honest opinion and we don’t inflate prices. You may not like what we say, but it will be the truth.
Finally, can we wish everyone a Happy 2012 and if you’re not in the buying mode, at least come for a holiday to Paphos. The sky is blue, the sea is warm, the food is healthy and the people are friendly – well, most of us!!! Don’t forget to bring your driving licence as we drive on the left hand side of the road and while you are here, have a trip around the island, there’s so many places to see.
Focus on Anna Fitzgerald
At the age of 62, Anna has gone back to “school”!
She enrolled earlier this year at the new Neapolis University in Paphos to gain her Masters Degree in Real Estate. This enables Fitzgerald not just to be a property marketing company, but to become fully Licensed Estate Agents in Cyprus. Over the past few years, the Cyprus Government has changed the criteria for obtaining a Real Estate licence and so to avoid any ambiguity, Anna decided that she would study for the masters degree.
In 18 months time, we are all looking forward to her graduation ceremony and as her assignments so far have gained excellent grades, it seems that she is more than well on course to achieving her aim.
The curiculum covers everything from historical data, statistics and valuations for example, to future predictions, demographical behavior and much, much more. She will soon be one of the most qualified persons, (regarding Real Estate), in Cyprus.
There is a saying – “you are never too old to learn” – and in Anna’s case it is very true. Many ex-pats in Cyprus have taken early retirement, but Anna works in the office Monday to Friday and then from Friday evening, spends 15 hrs over the weekend at the University. Then, of course she has to complete her degree assignments in her spare time – what spare time?????
We don’t know how she manages it all, but somehow she does and we are all “rooting” for her. However, her determination to succeed will win through and she deserves our admiration.
LOCAL ELECTION RESULTS
Well, the elections took place on Sunday 18th Decemeber 2011, which resulted in the Mayors of Paphos, Peyia and Polis being re-elected. Yeroskipou has a new mayor and British ex-pats have been elected onto the councils of Tala and Kouklia.
Voting is supposedly compulsory for those who have registered to vote, but apparently not enforced. Nice to know however that the Paphos area had the biggest turnout- over 80%!
It is not our place to comment on any of these elections, we just report the facts and so we’ll leave it at that.
KIND ANGEL OF PEACE
Last month, Moscow became the site of the official presentation of the unique architectural and sculptural complex, ‘The Kind Angel of Peace Monument,’ which will stand at 135m above the ground in Cyprus. When completed, this international peace monument of Russian origin will be the highest in the world, leaving behind all the world’s existing legendary sculptures, including the Statue of Liberty in New USA, Jesus Christ the Redeemer Statue in Rio in Brazil, the majestic three-face Buddha Statue in China, etc.
The most advanced technologies and hi-tech gadgets as well as the application of the so-called “green building principles” had been used for the monument. Such an approach will make the monument unique in terms of its full compliance with the most stringent environmental and safety requirements on the protection of the Earth’s ecosystem. Special illumination will make the monument visible even from space.
The goal of the unique monument, according to the authors of the project, is to symbolize the unity of different peoples of different nationalities and religious faiths. “The project that will be built in Cyprus, which envisages the development of the world’s biggest monument with a huge entertainment mall on its basement, will usher in a new generation of tourist facilities that will seamlessly combine the best features of business, cultural and social centres. Besides, it will also be an extremely powerful industrial asset with an enormous investment potential, which will make the project particularly attractive to business executives, from the point of investment outlay,” said Nikolai Drozdov, the Chairman of the International Public Environmental Protection Organization “Terra Viva” (“Living Planet”).
According to Nikolai Drozdov the “Kind Angel of Peace” monument can rightly lay a justified claim to be the “Eighth Wonder of the World”, as it will be higher and larger than any of the world’s existing large-scaled sculptures.”
Petr Stronsky — one of the authors of the idea, and the monument’s chief architect said: “This is a universal project that can be built in practically any country with an in-built capability to enable it equally function effectively under various climatic conditions or areas with geographical peculiarities.”
All the commercial details of the project voiced by Stronsky almost fully correlated with the results of an independent feasibility study and the investment attractiveness analysis of the project conducted by International Theme Park Services, Inc., the U.S.-based company considered as one of the world’s most authoritative experts in designing, planning and development of vertical recreational and leisure facilities. Thus, according to International Theme Park Services, Inc. President Dennis Spiegel, the comparative analysis of the designs of the world’s most famous towers and sculptures conducted by his company’s experts team unanimously concluded that none of these monuments can match the beauty, uniqueness, innovativeness and ecological friendliness of the ‘Kind Angel of Peace’ monument.
Spiegel further noted that when choosing a place to locate the monument, such vital factors as easy accessibility, availability of social infrastructure, good visibility, proximity to densely populated cities, etc., are to be taken into consideration. ‘Kind Angel of Peace’ monumental complex is believed to have a huge positive impact on the development of the tourism industry not only in Cyprus, but throughout the entire Mediterranean region.
Experts predict that the “Kind Angel of Peace” will attract more than 1 million visitors from around the world in the first year after its creation. After several years the number of tourists will increase to 3 million.
According to the organisers this will positively affect the local economy.
Pissouri Carol Singing
On Saturday 10th December, Pissouri held their annual Christmas event in the square.
Everyone was invited to attend and enjoy free mulled wine and home-made Christmas pies. The gathering took place at 5pm and there were a few Christmas stalls as well as a pancake wagon that seemed to be doing a roaring trade!
The young children of the village lined the steps and eagerly sang their hearts out with Christmas carols. That (and probably the effects of the mulled wine) got us all in the right mood for a bit of nostalgic singing. Then the big man himself arrived and handed out presents to all of the children, who of course were all very excited at seeing Santa by then.
The local Mukhtar, Christos Foutas, made a short speech and thanked the carol singers and everyone for coming and also for making Pissouri a successful village for everyone living there.
The evening finished with a prize draw for the raffle, with the Chairman of the Pissouri Residents Association, Phil Hockin, announcing the winners. Several people were thrilled when their number came up, as this year there were exceptionally good prizes to be won.
All in all, we all agreed, it was a very pleasant way of passing a couple of hours enjoying the festive spirit!
NEW SHIPWRECK LANDMARK?
Early December storms resulted in a freighter being run aground only 15 metres from shore in the Sea Caves area. On the morning of Dec 8th, gale-force winds, around 8 on the Beaufort Scale, forced the ship onto the rocks. The ship’s captain and first engineer remained on board the vessel, but the rest of the crew were transferred to an hotel in Limassol. No-one was hurt during the incident, but the crew of seven was airlifted to safety by a police helicopter.
The ship was travelling from Limassol to Rhodes when the event occurred.
An investigation will take place, but at the moment it is unclear what will happen to the ship itself. However, it has become a bit of a tourist attraction for both locals and visitors alike.
Featured Property
Sit back and soak up the relaxing atmosphere of resort-style Paradise Gardens in the intimacy of your own private garden. A profusion of ornamental shrubs, lavender & thyme fill your garden with fragrance in a perpetual harmony of colour. Walk 20 paces across the vast communal garden and you’ll come to the feature swimming pool that wraps around a palm-studded island. The Mediterranean charm will win you over every time!
Your private ‘slice’ of heaven is almost totally hidden behind your colourful garden abutting the communal areas. The multitude of pots and shrubs screen the garden terrace and the stylish 3 burner BBQ makes it easy for al-fresco entertaining. From here a wall of sliding doors open to a delightful conservatory which spans nearly 20sqm of open space to use at your leisure. Custom designed bar, lit shelving and wine cooler fridge are all in-situ – so let the entertaining begin….
The formal living–dining area is no less exciting. The interior has many interesting features that make this end townhouse so special. On entry the living room fans out into a large open area seemingly flowing to the conservatory and the garden setting beyond that.
A brand new slim-line 12Kw log burner adds a distinctive touch to the living area with that extra sense of ‘homeliness’ and comfort. To the right of entry an archway leads to a brilliant custom-designed kitchen. Boasting natural granite splash-backs and work surfaces, solid wood slim-line cabinetry, under-lighting and ‘top of the range’ stainless steel appliances is a dream kitchen you’ll love to own.
Curved wooden inlaid stairs ascend to the first floor landing (with a small west facing balcony), an elegant large family bathroom and two double bedrooms. The bedrooms open to a sizeable east- facing continuous balcony with wonderful outlook to the communal garden and pool. Don’t miss this exceptional lifestyle offer. Join us in Cyprus for next summer and have the time of your life. Winters are sunny and mild and your new home is very cosy – you may as well start planning to come even earlier!
NEWSLETTER NO 35, December 2011
Merry Christmas
When we are wishing each other ‘Merry Christmas’ and ‘Happy New Year’ it’s a nice celebratory way to end the year and an enthusiastic way to start to a new one. Cyprus is a great place for these cheerful experiences. Expats as a social group are a positive bunch which readily adopts and adapts, making their new lifestyle rich and vibrant through networking, support, and the ‘inclusiveness’ mindset.
2011 has not been an easy year full of ups and downs, so the approach of the ‘festive’ season brings hope and cheer. It has been a difficult year but not as bad as the financial media and markets would have us believe. The Euro remains remarkably resilient, the British economy is coping and sterling, well, it is better than it has been in the past ‘difficult’ periods. Cyprus Christmas social events are apace with many a charitable event gathering wide enthusiasm and the expatriate community leads with active participation and support. Reduced cost flights to Cyprus for winter have not deterred many eyeing the bargains to be had in the property market. Paphos property can be a safe haven, especially now when prices are very low and quality villa prices are pretty much ‘rock bottom’. ‘Canny’ buyers from many countries are converging on Cyprus because of its sunshine, stability, dependable infrastructure and welcoming family atmosphere.
Yes, Cyprus property appeals to lots of people, including Cypriots of course and, no, the Russians are not the only people from overseas who desperately want to leave their ' not so rosy’ countries to find a much nicer place to live, or enjoy those hard-earned holidays.
Russians, Germans, Swedish, Ukrainians and many other nationalities are in love with Cyprus for the same reasons as the rest of us and they seemed undaunted by the prospect of having to learn how to drive on the left hand side of the road (a brave thing to do, in my opinion).
Having now decided to pick one of the deliciously ripe properties in Paphos, where do buyers go? Naturally they look at the internet and browse for interesting property and try to fathom whether or not the seller is reliable, what represents good value, am I getting the right information, etc. They may even ask friends or acquaintances to go to offices to find out more and ‘scout the environment’. The website is a very reliable indication of the strength of the purveyor of property. How often it is updated, how many properties have been sold, how current is the information are key questions to ask to determine the quality of the website and it’s owners. Often, first impressions are crucial and lasting and more often than not, are ‘spot on’.
If the agent has a good name and offers reliable service people, do get to know it and Fitzgerald’s have always focused on building on the ‘value’ of a good reputation for quality and personable service. The reliability of their world-class website www.fitzgeraldcyprus.com reaches a world audience attracting all nationalities. Ms Bella translates information to Russian and helps with Greek clients, but the biggest number of buyers by far, are still British.
The British love Cyprus because the local people are friendly, English is widely spoken, the climate is excellent and properties are registered under the British established Title Deed system. There are great buys to be made and buyers can get quality with Title Deeds, or very close to it.
The steady stream of inquiries and a busy appointment calendar at Fitzgerald Property Marketing office shows a healthy interest in Paphos properties and promises a good many champagne bottles being opened to celebrate the beginnings of a new lifestyle adventure in Cyprus. What better way to enjoy Cyprus and celebrate the season’s greetings than with the successful acquisition of an outstanding property that only a year ago would have been impossible?
That’s why there is a steady stream of canny buyers and pragmatic sellers making their way to Fitzgerald’s. Take for instance, the ‘canny couple’ who just came to the office recently and said they were advised by a fellow passenger on the Easyjet flight from Stanstead, that Fitzgerald’s was the ONLY place to buy property because they ‘have it all together’. Cheers and Thank You All for your support and confidence! It just doesn’t get better than this! Enjoy the Festive Season and Happy New Year to all.
International School of Paphos
Not all people who move to Cyprus are retired, there are many who make the decision to move while still having a young family. In this situation schooling is a major consideration. Some with very young children send their children to the local schools run by the government, being young they soon pick up the Greek language and will benefit later in life from being bi-lingual. However those who bringer older children find being thrust into a Greek speaking medium somewhat daunting. There are other options for educating children in the Paphos area with several private schools whose teaching medium is English. These schools appeal not only to British parents and there are are Russian, Ukrainian and Cypriot children attending these schools as their parents understand the benefits of English as an international language. Probably the most well known of these schools is the International School of Paphos. The school caters for the needs of children from Kindergarten to Year 13 and the school has been registered with the Cyprus Ministry of Education and Culture since 1987 functioning under its regulations and laws of the Republic of Cyprus. The school also has strong links with the British Council as well as two of the most prestigious and well-known Examination Boards in England: Edexcel, and CIE (Cambridge International Examinations).
The Primary School covers under its umbrella the Kindergarten, the Infant classes (Reception, Year 1, Year 2) and the Junior School (Years 3 to 6). The Secondary School (Years 7 to 13) prepares pupils for external examinations up to ‘A’ Level in Year 13. The areas of learning are: Communication, Language and Literacy, Mathematical Development, Personal, Social and Emotional Development, Physical Development, Creative Development, Knowledge and Understanding of the World.
In Years 5 and 6, children are taught by specialist teachers in subject-specific rooms such as the Art Room, the ICT and Science Laboratories. This prepares them at an early age for the system which is common in Secondary Schools, thus ensuring a smooth transition from Year 6 to Year 7. In the Secondary School From Years 7 to 9, pupils pursue a rich and balanced programme of study which provides them with the knowledge required, enabling them to make informed choices. In Year 9, students choose their subjects for the two- year IGCSE courses they will follow in Years 10 and 11. English, Mathematics and one Science are compulsory. Greek and Cypriot pupils must also study Greek. At the end of Year 11, students choose their ‘AS’
The following subjects are offered within the School: Art, English, General Science, Geography, Greek (First Language), Greek (Foreign Language), Greek History, History, Information and Communications Technology (ICT), Mathematics, Music, Physical Education, Social Studies Topics linked to Science, History and Geography (Infants only). An emphasis is placed on the basic skills of oracy, numeracy and literacy.
The Institute offers exciting possibilities for education in the afternoon open to both students of the school and to external students. The intake process follows various stages depending on the age of the pupil. All Foundation Stage/pre-school children are admitted on the basis of an interview with the parents, subject to availability of places. Children who apply for Reception, Year 1 and Year 2 are assessed informally. In cases where the child has been attending school, reports and samples of work are essential to the application and selection process.
All applicants for Years 3 to 6 of the Junior School and Years 7 to 9 of the Secondary School are formally examined in English and Mathematics. Greek-speaking pupils are also examined in Greek. Applicants for ‘AS’ and ‘A’ Level courses are accepted on the basis of the results they have achieved at IGCSE (GCSE) or ‘AS’ Level. Applicants with ‘AS’ levels applying for ‘A’ level courses may only do so if they are transferring credits from the same Examination Board.
Living in Pissouri
Pissouri Village is centrally located between Paphos and Limassol. The perception of being ‘out in the sticks’ couldn’t be further from the truth. A slower pace of life might be right on the button.
A leisurely coffee can be taken just outside the Post Office, where the elderly Gentleman perch in the shade while watching the coming and goings of those down in the village square. Tourists come here to relax and unwind. Some like to take long walks, some to paint and some just want to do nothing more than stretch out on a sun lounger and work on their sun tan.
There are no discos or night clubs here, just a series of friendly restaurants providing fresh local cuisine. Add to that a couple of pubs, a super kebab kitchen and a good pizza takeaway you have all you need for the makings of a light lunch or an evening meal with friends. There are three banks, two small mini markets and just a short drive away is the popular Papantoniou supermarket.
Outside of the village square other excellent restaurants can be found, including the locally famous Hill View apart hotel and restaurant. For that special occasion, mouth watering dishes can be enjoyed at a very reasonable price and are lovingly prepared by the owner, George. The Hill View has eleven comfortable modern rooms that also allow for self catering. Handy for when too many family and friends want to come over and all stay at the same time!
During the summer months from around the middle of June until the middle of October, Pissouri square transforms itself from a sleepy village to a lively place to cater for the weekly Wednesday ‘Cyprus Night’. The restaurants unite to make long tables for the diners. The waiting staff serves food and drink in traditional dress. The evening begins with everyone eating and drinking together before watching the entertainment and local dancing. People are invited to have a try for themselves which is always amusing for the onlookers. Later, during the interval, modern pop music is played and this is greeted enthusiastically with everyone up on their feet for a quick boogie! Afterwards, there is more traditional dancing to watch and usually some jaw dropping acrobatics. There is always a tremendous party atmosphere and many holiday makers end up making new friends before the night is out.
The Pissouri Residents Association (PRA) meeting place is at the 1911 club for expats, although it is open for any local people wishing to join. The PRA is a very active organisation with its own website, monthly newsletter and e magazine. There is always something going on. From learning and playing Bridge, to Backgammon or Majong, or perhaps a coach trip to somewhere exciting, there is something for everyone wishing to be involved. Thanks to the PRA, Pissouri now has a trained Defibrillation Team and for a small additional annual membership fee, members of the PRA can be covered for this extremely important benefit.
Pissouri Bay is just a short drive away from the village. The 5 star Columbia Beach Hotel and Resort Hotel sit regally at one end of the beach. A perfect place to enjoy coffee and cake, or splash out on a gourmet meal. There are several small shops and restaurants along the bay and despite it being a popular tourist attraction, the pebbly beach is never too busy to find space to spread out and sunbathe.
Living in Pissouri is a truly wonderful experience. It is having the best of both worlds by meeting and socialising with the local Cypriots not just the expats.
Oil Drilling Update
This month, the President of Cyprus, Demetris Christofias paid a visit to Noble Energy’s drilling rig, located some 160km off the island’s southern coast. It was the president’s first trip to the rig since US concession partners Noble started an exploratory drill in September.
Government spokesman Stefanos Stefanou said, “We are very close to the completion of this exploratory drilling and I believe that very soon we would be able to say more.” Noble said recently that the Cypriot concession holds an estimated 3.0 to 9.0 trillion cubic feet (tcf) of gas.
The prospect has a 60 per cent probability of geological success, the company added in what was its first public appraisal of the Cypriot gas prospect; such estimates are often revised upwards or downwards. Also this month, the Cabinet decided to launch the second licensing round for offshore oil and gas exploration, authorising the trade and industry minister to prepare the ground for the official announcement.
Stefanou said it would take up to six weeks for authorities to prepare the necessary documentation and the invitation for the public submission of proposals to be published. Companies would then have three months to submit proposals to consultants. The consultants would subsequently short-list companies and make recommendations to the energy minister. The cabinet will take any final decision, Stefanou said.
Asked whether the process would be concluded within 2012, he said: “I wouldn’t rush to predict when this process will be done, there is a timeframe for this in the law and in EU directives. Today the cabinet decided that these procedures be set in motion for the second licensing round.”
The second round will include 12 so-called blocks stretching from the south west to the south east of the island.
Featured Property
Just picture yourself living in a small prestigious estate of only seven luxury stone villas set on a gently rolling hill overlooking a vast valley that’s brimming with relaxing ambiance. A truly spectacular lifestyle setting for this gated community, secluded amid grand gardens, wide terraces and meandering luxury homes.Villa Vizcaya is sited at the very end of a cul-de-sac with the electric gates opening to a picturesque front courtyard which meanders along the long stretch of the villa. The single storey traditional stone built villa is so beautifully crafted, only someone with the love of natural stone could possibly have created it.A covered porch leads to an elegant entrance hall which opens to a luxurious vast lounge with its highly polished floors, bamboo ceiling, exposed beams and designer lighting. An intricately detailed natural stone fireplace spans almost the entire wall, with an in-set large ‘wood burner’ effect gas fire.Beyond the lounge, you have a view to the conservatory which opens to a colourful and ‘full of interest’ garden. On the other side of the fireplace wall is a cozy formal dining room, a perfect venue to celebrate good food, good life and good conversation.
Further on, a very generous kitchen/family room with a generous breakfast bar and volumes of soft pastel coloured cupboards, a large Smeg oven and 5 burner hob and enough work surfaces to satisfy the most fastidious chef. The kitchen connects directly to the double garage which also holds a workbench, storage areas, hot & cold water supply and freezer and laundry units.A series of sliding doors open to a brilliant long garden which skirts the side of a hill offering fabulous views of the valley and countryside. Extensive patio areas and a professionally designed garden are an ideal fusion of the indoor-outdoor setting for its discerning occupants. The vast area under a pergola features an outdoor Jacuzzi. Your garden extends to the very edge of a steep valley so that your views are awe-inspiring at any time of year.
The villa features three wonderful bedrooms. The master bedroom features wall-to-wall mirrored wardrobes, coved ceilings and designer lighting. The adjoining full bathroom en-suite features a full bath, generous walk-in shower, bidet, recessed lighting, heated rails and an attractive vanity unit. The family bathroom is stylishly arranged and fitted with top quality fixtures and fittings. This is a unique opportunity to secure this absolutely stunning home. Fantastically secluded and set on a truly luxurious estate, it is also very close to the Mesogi village centre (4.5km north of Paphos). You will find shops, supermarkets, a number of top quality restaurants and tavernas, including a community hall, all within 1km of your home. Don’t hesitate a minute! Inspired country home. Just picture yourself living in a small prestigious estate of only seven luxury stone villas set on a gently rolling hill overlooking a vast valley that’s brimming with relaxing ambiance. A truly spectacular lifestyle setting for this gated community, secluded amid grand gardens, wide terraces and meandering luxury homes.
For more information quote Ref: 1295
NEWSLETTER NO 34, November 2011
Buyers Upgrade at Fitzgerald's
To have business in this economic climate is good but to have repeat business is fantastic. In the last few months at Fitzgerald’s we have seen an increased interest in properties from past clients as well as new clients who are interested in upgrading.
This week a British couple who bought a delightful 3 bedroom apartment from Fitzgerald’s last year, came back wanting to upgrade to something larger. As they got to know the city and areas in and around Paphos they saw the potential in owning a larger property.
Another inquiry came from a pair of Londoners, who are very pleased owners of a beautiful apartment in Kato Paphos. Impressed with Fitzgerald’s efficient service, they now want to upgrade to a villa and have asked to short list a range of two bedroom villas in the Kato Paphos and Chloraka area. This is a regular occurrence at Fitzgerald’s where our credo of marketing quality property at realistic prices with Title Deeds brings in the clients as well as keeping them.
Not unusual you say? Well, that may be so, but the interest from Brits to upgrade flies contrary to the market assumption that most British are packing up and going. ‘Many people have the idea that the British are leaving Cyprus in droves and only Russians are buying, which is absolutely false,’ says Daryl Fitzgerald owner of Fitzgerald’s Marketing.
In reality, most ex-pat owned property in Paphos is owned by British people for their own holiday use, so after 5-10 years many want a change and want to move on.
As we at Fitzgerald’s enter our ninth year we have seen many people fall in love with smaller properties and then because they are so happy with the Fitzgerald’s marketing system and the large choice of quality properties, they come back to us to ‘upsize’ and sell their first property.
‘We can easily do this because the price people paid reflected the local market prices rather than ballooned prices which targeted foreign market segment’, says Daryl, and many British, Russian, German and Cypriots are looking to Fitzgerald’s to buy property.
Of course many people coming into the market for the first time are also going straight for villas which are a great buy in today’s market because there are really not so many quality and prestigious properties on the market at realistic prices which also have their Title Deeds.
During 2011 at Fitzgerald’s we have doubled the number of properties we offer and are especially pleased with the increased range and quality of our apartments, town houses and villas.
Gold found in Cyprus
Cyprus gold rush is well under way with the Government Mining Authority issuing 55 permits to mining firms to test locations in and around the Troodos Mountains, Paphos and Larnaca. According to Canadian firm Northern Lion, which began searching for gold in Troodos in January 2010, a ‘significant’amounts of gold and other valuable metals have already been found in one the sites. Drilling and surface excavations have revealed “strongly anomalous values in copper, zinc, gold and silver” according to firm’s spokesman.
“If the price of gold in the international market is low, then interest is low, but when there is an international economic crisis, the price of gold is high. Conversely, diamonds have fallen in value,” said Dr Eleni Morisseau, Director Geological Survey Department. In the present climate a yield of two grams of gold per tonne of excavated earth could make mining profitable.
The history of mineral exploitation (copper, gold and other metals) in Cyprus dates back to the Bronze Age, approximately 5,000 years ago, but really picked up when the Phoenicians, then Romans began processing the island’s copper.
Aside from gold, Morisseau said, recent geological surveys have revealed other valuable ores, such as cadmium, which are used in batteries and the electroplating of industrial and aeroplane parts.
“Transaero” opens a new office in Cyprus
There was an opening ceremony of the “Transaero” Airline new office on the 8th of September 2011 in Limassol.
General director of “Transaero” Airline Mrs Olga Pleshakova and Deputy General Director of Commerce Mr Boris Gulnitsky attended the opening ceremony. In her speech, Mrs Olga Pleshakova said: “Opening an office in Limassol is another important step to improve the quality of airline customer service in Cyprus. Today, the share of “Transaero” has more than 40% of all passenger traffic between Russia and Cyprus.
The growth dynamics of our transportation showed the following figures: in 2009 “Transaero” has transported between our two countries 167 000 passengers, in 2010 - 202 thousand passengers, and only the first eight months of 2011 showed more than 208 000 passengers. This year and for the first time, apart from the traditional flights from Moscow and St. Petersburg, our company started direct flights to Cyprus from other five regions of Russia.”
The new office of “Transaero” is located in the centre area of Limassol in Georgiou Street. The office is equipped to the highest standards which allow providing the clients with the quickest and most comfortable services. The office interior design is complete in “Transaero” corporate identity style. The information facilities of the office are based on hi tech technologies of such IT leaders as Cisco, Hewlett-Packard, IBM.
With Love to Women

