Digest May 2014

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May Edition - Monthly digest from Fitzgerald Marketing, Paphos, Cyprus.


  • www.fitzgeraldcyprus.com

    Paphos Digest


  • 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

    Your new home is set in a gardensanctuary suffused by a feeling ofwell being and prestigious living.A distinctive villa with spaciousand elegant easy flowing interior.Impeccably finished and lovinglycared for. Viewing a must

    Ref. 1610

    (See page 6)

    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.comCover:http://www.fitzgeraldcyprus.com/properties/1610

    We continue to actively promote ourrange of top quality Cyprus propertieson Rightmove Property Portal, UKPrian, Russia and Juwai, China.Wefeature properties in popular Russianlifestyle magazine, Moi Ostrovwidely read in Russia, Ukraine,Bielarus, and Russian speakersaccross Europe and Asia. In this timeof economic and market uncertaintieswe strive to give you a range of topquality properties at realistic marketprices coupled with all the legalquarantees and the Title Deeds

  • Cyprus is now in PositiveTransformation Mode

    The Troika, the European Commission, the IMF andthe European Bank, last March gave Cyprus acleaner bill of health with a positive economicassessment of the Countrys effort to stabilise theCountrys financial system, achieve fiscalsustainability, and support the recovery of economicactivity. The positive assessment has facilitated arethink by the international rating agencies, and toreassess the situation which literally has lifted theisland from the gloomy negative credit ratings to farmore positive and relatively upbeat CAA3 creditupgrade.

    Looking back over the last months activities at Fitzgeralds, we are happy to reportthat April was a busy month and there was a definite buzz in the air. Much of theconfidence in the market, in our opinion, was the news of the Troikas positiveassessments and the upgrade in credit rating was welcome news locally. Judging bythe growing number of property enquiries from overseas, the news was especiallywell received abroad.

    The latest economic news is supporting the positive projections from March, whichis really exciting. The S&P & Fitchs new credit upgrades made the internationalnews, and an affirmation that Cyprus is heading in the right direction. The newswas released locally on Good Friday, making this the most talked about topicduring the Easter festivities. The Cyprus Mail reported that the S&P upgraded theislands sovereign credit rating to Bfrom B with a positive outlook dueto betterthanexpected economicperformance and Fitch Ratingsrevised the outlook on Cypruss longterm foreign currency Issuer DefaultRating (IDR) to stable from negative,and affirmed the IDR at B.Upgrades are a clear indication thatCyprus is on track with the continuing implementations of structural adjustments,required by the bailout conditions.

    No one in Cyprus is under any illusion however that the countrys problems areover. Yet we are seeing Cyprus in transformation mode which include matters ofpublic finances, macroeconomic developments, financial issues and structural

  • reforms. The pragmatic sentiment was best expressed by the President NicosAnastasiades who said although the problems of the economy have not beenovercome yet, nonetheless this (the upgrades) was the best reward for the nationthat was struggling with the crisis. The President went on to thank all people ofCyprus for their patience and maturity and the exemplary manner with which theyhandled the problems. (Cyprus Mail, April 26) .

    And yes, we are seeing a degree of renewal of the international confidence inCyprus, cautious renewal perhaps, but there nonetheless. The Buyers are in anoticeably more confident mood regarding investing in Cyprus and many areseeking opportunities with increasing urgency, keen to buy now rather than later.For the buyers of Cyprus properties the presence of the Title Deeds is paramount sothe structural reforms are eagerly awaited in this direction. Luckily, Fitzgeralds hasfirmly focused on selling properties with Title Deeds or clear path to theunobstructed issuance of the deeds.

    Cyprus is back on the UK overseas property map once again the latest in the BBCseries Escape to the Continent featured two programmes on Cyprus, one based inPaphos, the other in the Limassol areas of Pissouri, Pachna and Anoyira. Thehighlighting of the Cyprus property market in itself can be seen as another verypositive indicator as to the renewed interest in buying good quality property atrealistic market prices.

    "The Office"Fitzgerald's office is down the road from KingsAvenue Mall and within close walking distance tothe Paphos Harbour.The office is virtually opposite the Wishing Tree.Coming from the Tomb of the kings turn right atKings Avenue Mall traffic lights and we are a shortway down on the right just after the Wishing Tree.

    Office hours are 9am to 5.30pm

    6 days a week with no break for lunch.

    So if you are working and only have your lunchbreak to come and see us, you are welcome!

  • The Big Breakfast, April 5th 2014 @ the Fifth FloorRestaurant

    The commissioning groupof the hospice weredelighted that over 150people attended the secondbig breakfast at the FifthFloor, 5 from each ticketsold went to the Hospice.During the BreakfastCameron McDonald fromthe HCG announced thatthe Hospice will beoperational from July 4th2014, and that a pressannouncement willfollow shortly. He also

    announced that an advertisement for a Senior Nurse would be in next weeks media,and that an advertisement seeking volunteers would follow! He also commended thework of the Friends Hospice, CPSG, and all the other Charities who work tirelesslyto support those in need of care.

    Cameron announced a donation of 200 from Fitzgerald Estates (Registered RealEstate Agent) and opened an envelope with an anonymous donation of 20,000,much to his and the audiences delight. He also invited 2 young men, Petros andCharlie who between them raised more than 70 between them, which was greatlyadmired and appreciated by all. (see picture below)

    Paphos Mayor Savvas Vergas pledged his and his councils support for the hospice,and stated he will visit the facility after Easter.

    His Excellency the Irish Ambassador, Nicolas Twist congratulated us all and wishedus well for the opening which he will hopefully attend!

    The grand sum of 21804 was raised, including an auction of fine Bone China byRuth Mott which raised 120, and once again, many thanks to all who attended.

    Daryl Fitzgerald with Irish Ambassador Nicolas Twist and Father Jim

  • Featured Property

    Pissouri hillside locations offer panoramic outlooks to the sea, rolling plains and thedistant hills that fade to deep mauve with the setting sun. This prestigious villa isbeautifully positioned on the high side of the street, a mere 400m from the vibrantvillage centre, and its elevated position offers panoramic scenery.

    The villa and its surroundings portray the reminiscent ambience of the traditionalRoman Villa in its design, choice of materials and garden arrangement. The villa hasan appealing faade softened by palms, hedges and terracotta pots. Set back fromthe street the graceful arches and natural stone columns shelter continual gardenterraces and a discreet entry.

    Throughout the home, the accentis on quality. High ceilings, topquality ceramic flooring withmosaics, wide windows, stylishlight fittings, handcraftedmetalwork and superior bathroomfittings combine with neutraldcor to create an integrated,attractive and restful interior.Elegant arches create individualspaces with character and appeal

    Pissouri Prestige Villa

  • Featured Propertyand the unhurried flowing interiorguides you to sumptuous dining areaand spacious living room, a relaxinghaven amid the garden setting.

    The superb master kitchen is lightand open with a work centre ideallyplaced to cater to indoor dining or alfresco meals in the shaded,Mediterraneanstyle gazebo. The

    same sense of restrained style andelegance is revealed outdoors. Takingadvantage of the gentle gradient of theplot the strategic terracing has createda myriad of exquisite lifestyle retreats.The pool spanning the width of thevilla abuts the immediateentertainment terraces and, above thepool, a classy party terrace.

    Beyond the hedging protecting theupper entertainment deck, furtherterraces rise to the end of the plot, allbrilliantly landscaped to offer interestand private sanctuaries. Impeccablyfinished and lovingly cared for.Viewing a must.


    Price: 385,000

  • Living in a desirable area of PaphosHeights has its own advantages thatcompliment quality living. 1km in anydirection, brings you to Paphos centre,Debenhams department store, a modernmedical centre and a whole host ofservices and specialists shops.

    Diana Gardens is a high quality buildmixed development offering apartmentaccommodation (granite inlaid communal areas and efficient lift) and low setdetached villas. Diana Gardens is set on the elevated ground overlooking the coastalplain of Kato Paphos. The panoramic views to the sea are spectacular but nothingcan rival the wonderful vista that your top floor apartment offers. From the secondfloo