Tala, Paphos - Announcing a price reduction on Tala, a 135 sq. m., 2 bath, 3 bdrm bungalow. Now €280,000 EUR - Title Deeds - Lower Price.
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In 2006 property prices in Cyprus were still skyrocketing and for many of us the prices were way out of reach. The idea of buying a holiday or retirement home in Cyprus faded into another fantasy. Those who bought homes at the height of the property boom and are trying to sell have now seen their investments turn out to be nothing but a burden, unable to sell them or keep up with the payments. Despite the flood of properties on the market and losses many buyers have experienced this is good news for those who want to get into the real estate game whether for investment, a second home or a retirement home. Prices have dropped up to 50% in some cases and those are the homes that are the hot deals.
Only four years ago, "experts" were saying that the cost of building material was rising so much that it was just a matter of time before we ran out of material and this was the cause for the tremendous increases in home prices. Others said the fast growth of the world population with longer life span was to blame. There are many reasons for the dramatic increases and the entire global property owner community were in a whirlwind of euphobic prosperity due to these changes. Prices were doubling in a matter of one year in some cases, so everyone was trying to get in the game before prices were too high. However, this is where many people made mistakes. The old saying, "What goes up must come down" held true to form when the housing bubble burst. Although many people made a lot of money buying and selling at just the right time but, many also got caught in the crisis that ended it all and they saw their portfolio shrink and shrink. This brings me back to the point where all of us who saw the prices balloon out of our reach are now looking at very affordable properties within the average persons budget. Dreams can still be realized.
In the meantime many Cyprus property buyers have joined campaigns to draw attention to the difficulties of the Cyprus property system. However, I am not sure how far this can really go because the EU Commission has already said that the Cyprus government is already taking action to revise and introduce new legislation to solve problems. It is also suggested that such matters are outside of EU jurisdiction and remain the sole responsibility of the EU State in question. There are those who claim that prices in Cyprus held strong - not true - and those sellers who continue to hold out so they can recapture what they paid which can take awhile. The reality is there is no better time to buy property in Cyprus than right now. Prices are generally realistic and although you may find some overpriced listings and overpriced developers that is not the norm nowadays. In both cases a good, strong, and informed negotiator can still get the developers and sellers to lower their asking price, but be prepared to walk away if sellers don't budge as someone around the corner will. If you spend the time searching for the right property and comparing all the pros and cons you will find everything you want in Paphos or elsewhere in Cyprus.
Great Investment
• 25 sq. m., 1 bath, 1 bdrm apartment "Studio" - €35,000 EUR - Sea Views
Peyia, Paphos - The properties are located near the popular village of Peyia, which has a wide variety of amenities including supermarket, shops, restaurants and leisure facilities. The best sandy beaches of the area are a few minutes’ drive away, together with the beautiful Akamas Peninsula know for its stunning scenery.
There are four blocks in total on the project and the 10 studios being offered for sale represent one block. 5 are on the first floor and the remaining 5 on the top floor. The owner is willing to sell a studio individually, or a number of studios as a block investment.
The price of the first floor studios is slightly higher due to the larger balcony (38,000 Euros), which can be seen on the photos.
The project is in a very quiet peaceful location. From the balconies there are magnificent panoramic views of the Peyia area and coastline. The views from the front are of the well maintained swimming pool and open countryside, and are equally stunning.
These properties are ideal as a rental investment or holiday home.
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Huge Veranda
• 89 sq. m., 2 bath, 3 bdrm apartment "Penthouse" - €275,000 EUR - Panoramic Sea Views
Tala, Paphos - This fabulous 3 bedroom penthouse apartment is located in one of the most popular villages of the Paphos area. 5 minutes’ drive away from Paphos town, Tala is set in the picturesque hills with a beautiful aspect of the surrounding mountains and sea. The village has plenty of amenities including a traditional square with a good variety of restaurants and tavernas.
This immaculate stylish penthouse features a spacious open plan living area with large patio doors providing lots of natural light and access to the impressive 55 sqm terrace. The kitchen with granite worktops and quality appliances is nicely separated by a breakfast bar and attractive archway.
There are three double size bedrooms all with fitted wardrobes, and two have patio doors to take advantage of the fantastic panoramic views. The master bedroom also has an en-suite shower room with vanity unit, and the second and third bedroom share a good size family bathroom.
The huge terrace is nicely divided into a relaxing seating area on the one side, and a separate dining area on the other. The views are everything you would expect from a penthouse apartment and more.
The interior has been designed by Bo Concept and the furnishings are negotiable under a separate agreement if required.
This is a lovely project with an impressive swimming pool surrounded by beautiful landscaped gardens with a variety of colourful shrubs and palm trees.
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Land Deeds
• 250 sq. m., 4 bedroom, 3 bath, 2 story, €1,000,000 EUR - Sea Views + Custom Designed
Tala, Paphos - This luxury villa is situated in Tala, one of the most sought after villages in Paphos. With it's stunning sea views and fantastic location this really is the perfect place for this custom designed property.
The home is situated on a large plot of 2,500 sqm all beautifully landscaped with large stone walkways and stone pergola. The property also has it's own water to feed the large orchard of fruit trees. The grand stone bbq and water feature compliment the grounds and are situated to the side of the large infinity swimming pool.
The property is 250 sqm and consists of 4 large double bedrooms, one of which is situated on the ground floor. They all have fully fitted wardrobes and the three upstairs bedrooms have large verandas with wonderful sea views. The large open plan lounge with marble open fireplace leads through to the spacious fully fitted kitchen with granite workshops. There are three large bathrooms all with stunning tile works throughout.
This unique property has all traditional features perfectly matched with all modern amenities, making this luxury villa a perfect home for full time residence or holiday home.
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With all the 'Bells and Whistles'
• 288 sq. m., 4 bath, 4 bdrm 2 story "With Roof Terrace" - €780,000 EUR - Fabulous Home
Agios Georgios, Paphos - A masterwork of detail and luxury define this modern Mediterranean home on the beautiful and rugged western coast of Paphos. This home has spectacular and far reaching views of the sea and the Akamas peninsula, a place where bountiful sunsets, fresh air and nature surround you.
This elegant villa is part of a small gated development that sits on the tip of the Akamas. The ultra modern and sleek design is sophisticated and has everything one would need in a home.
It features 4 bedrooms, one of which is on the main level with a private balcony. The other three are upstairs and feature a huge wrap around balcony with panoramic views. Each bedroom has a television point, recessed lighting, modern, functional and spacious wardrobes, air conditioners/heating units and window covers.
The ultra modern kitchen has the latest and the greatest appliances including an American style refrigerator, induction hob, Siemens oven, dishwasher, microwave, extractor fan, and granite worktops. There is also a separate laundry room off of the kitchen.
There are 4 modern bathrooms.
The whole home is custom painted in flattering colours.
Outside there is a fantastic rooftop terrace, a large veranda and patio area with a 10x5 kidney shaped pool that is fabulously illuminated at night by outdoor lighting. There is an outdoor shower, large storage space, 2 car driveway with electric gate and 3.2 meter satellite dish.
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3 levels w/ Great Views - PRICE REDUCED!
• 3 bedroom, 4 bath villa for only 229,000 EUR - Up to 5 Bedrooms with basement
Peyia, Paphos - Set high on a hillside in a quiet residential cul-de-sac just above the popular village of Peyia, this villa offers fabulous value for money with 3 bedrooms plus an additional 2 basement rooms.
The villa is on three levels. The top level comprises an L shaped open plan kitchen, dining area and lounge with fireplace, which is designed for maximum light and enjoyment of the magnificent views. Patio doors in the kitchen and lounge lead on to a spacious veranda, and the swimming pool with its built-in Jacuzzi is a perfect place to enjoy the stunning panoramic sea views. It is easy to see why the project is called “Where Gods Live”.
There is a double size bedroom and separate shower room on the top level, and downstairs a large double bedroom with ensuite shower room, a second large bedroom and a separate bathroom. Both bedrooms have built in wardrobes and access a balcony via patio doors. In the basement there are a further two good sized rooms, which are at present being used as bedrooms, a separate shower room and a built-in sauna.
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Fully Furnished
• 2 bedroom, 1 bath apartment - €96,000 EUR - Title Deeds & Sea Views
Chloraka Village, Paphos - This 2 bedroom apartment is located near to the popular village of Chlorakas, within easy walking distance to local shops, restaurants and amenities. Paphos and it’s beautiful beaches are a few minutes away.
The property comprises a spacious living/dining room, galley kitchen, two double size bedrooms and a separate family bathroom. Patio doors open from the lounge onto a covered balcony with the most spectacular views of the sea and countryside. The sunsets from here are stunning.
The apartment is being sold fully furnished and has full title deeds.
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Separate Guest Accomodation
• 250 sq. m., 3 bath, 5 bdrm single story - €468,000 EUR - Title Deeds
Peyia, Paphos - This spacious and beautifully restored stone house with additional separate bungalow is located in the popular village of Peyia, with it’s wide range of local amenities including supermarkets, restaurants and leisure facilities. A 10 minute drive in one direction will take you to the Akamas Peninsula, known for its stunning scenery and beautiful walks, and in the other direction is Paphos with it’s quaint harbour.
The property is full of character including stone walls, wooden beamed ceilings, glass paneled doors and inset stone shelving. Floor to ceiling windows and french doors on the one side of the living space give it a light and airy feel, and the living room features a traditional open fire with oak beam above. The separate kitchen is well equipped with plenty of cupboard space and on the one side there is window access to the adjacent study/fourth bedroom with corner feature fireplace.
The master bedroom is spacious with pine wood fitted wardrobes. Steps lead from here to the spacious en-suite with vanity unit, fitted cupboards, bath, separate shower and bidet. A further two double size bedrooms share an en-suite shower room.
Outside there is a large terrace with traditional clay oven overlooking the gardens and swimming pool which has an ozonator system installed. A good size workshop at the side provides lots of useful storage space.
A separate bungalow is located on the far side of the pool and has an open plan bedroom/living area, shower room and private terrace – ideal for use as guest or staff accommodation.
This property is ideal for those who wish to live in a traditionally built home with loads of character and yet up to date facilities, and requires the benefits of being close to all the local amenities the area has to offer.
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Air conditioning
• 130 sq. m., 3 bath, 3 bdrm 2 story "Semi Detached" - €237,000 EUR - Panoramic Sea Views
Tremithousa, Paphos - This 3 bedroom semi-detached villa is located in a quiet residential area in the traditional Cypriot village of Tremithousa. All essential amenities can be found within the village, including tavernas, small shops and banking facilities, and with Paphos Town just a few minutes drive away, it is ideally placed for permanent residency or holiday occupation. Tremithousa village provides an ideal location for access to other surrounding villages, towns, beaches and all types of leisure facilities.
The ground floor features a spacious open plan living and dining area, a large kitchen area and a guest toilet. Patio doors in the lounge and dining area open onto a good size covered veranda overlooking the private garden. From here a gate leads to the communal pool area and shower facilities, which has stunning sea and countryside views.
Upstairs there are three double size bedrooms, all with fitted wardrobes. The master bedroom has en-suite shower room and patio doors leading on to a large balcony with spectacular panoramic sea views. This balcony is also accessed directly from a second bedroom. The separate family bathroom is very spacious and the finishes are good quality.
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Meters from the Beach - Hear the waves!
• 2 bedroom, 1 bathroom apartment - €135,000 EUR - Title Deeds
Kato Paphos, Paphos - This 2 bedroom apartment in Kato Paphos has a perfect view of the beach and the Paphos Lighthouse. It has a "one of a kind" panoramic view of a protected UNESCO World Heritage sight making this a special place to live or holiday.
It is only a few minutes' walk from the Tombs of the Kings area which has plenty of restaurants and shops nearby. Taking the picturesque coastal path walk past the lighthouse will bring you to the recently renovated harbour area with it's many coffee shops and restaurants. This is without a doubt a superb location.
The apartment is nicely decorated and very well maintained. It has an open plan lounge and dining area with an archway through to a separate kitchen. The patio doors in the lounge provide a picturecard view of the lighthouse and lead to a good size balcony. Off the living area is a corridor leading to two bedrooms and a good size family bathroom. All furniture is included in the sale and the property has full title deeds.
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As the days are now getting hotter and hotter (even this early in May) I thought it was a good time to remind everyone about using common sense when you are out and about in the heat. Summer is the time for fun in the sun but, using caution while swimming, sunbathing or even just doing errands around Cyprus this summer will avoid any potential hazards of the heat.
Here is a blog post I wrote last summer after the tragic death of an 11 month infant while at a beach in Kissonerga, Paphos. Please use caution this summer and enjoy the laid back and lazy days of summer!
by: Patricia Winter
During the last twenty years the property market in Cyprus, and especially Paphos, has developed rapidly and thousands of expats have purchased properties, either for permanent residence or for holidays. Many of the buyers have been trapped in a system where not only was there no clear law as to the responsibilities of the professionals in the legal profession, but they were further more trapped in the inadequate legal system covering the developers responsibilities and duties.
However, on the 21 April 2010 the Appeal Court in Nicosia found that the Paphos lawyer, Nikos Papakleovoulou, had been professionally negligent when acting on behalf of Muriel Beaumont and Clifford G.J. Sims.
Reliable legal sources in Paphos confirmed the following:
“On the 21 March 2007 a claim for negligence by Muriel Beaumont and Clifford G. J. Sims against their Paphos lawyer, Nikos Papakleovoulou, was dismissed in the District Court of Paphos.
The District Court judgement decided that the couple had failed to establish the framework of obligations imposed by law and practice, as an expressed or implied duty, and had also not fully established that they had suffered any damages.
The case was taken to the Appeal Court in Nicosia where the above judgement was cancelled on the 21 April 2010, as it was found that the Paphos Lawyer, Nikos Papakleovoulou, was professionally negligent. Based on this Appeal Court judgement Muriel Beaumont and Clifford G.J. Sims were awarded all funds they had paid, rental payments for a period of time plus their legal fees.
According to case law, there is an implied contractual term that once you apply for professional advice in relation to the purchase of a property, there is a duty of care which covers all relevant and necessary actions in order to protect the interests of the potential buyers. This duty of care covers, the necessity of a search at the Lands Office to make certain that there is a valid and clear deed without any impediments. This duty of care is further extended – the lawyer must also warn the potential buyers regarding the financial position of the seller.
In the case brought against the lawyer, Nikos Papakleovoulou, a property was to be purchased and a house built. Contracts were to be prepared by Mr. Papakleovoulou and signed with the building company concerned. It was discovered much later (after contracts had been signed and substantial monies had been paid out) that the property purchased was already mortgaged and no building permit had been applied for. The building company involved, G & E Philippou Estates Ltd., was closed down and the owner and director of the company were declared bankrupt. All building works were halted.”
This is clearly an important case and also a landmark case in the Cypriot legal system. It is actually the first time historically that the Appeal Court has set up a frame of the legal responsibilities and duties of a professional in the law practice.
The Appeal Court ruling of the 21 April 2010 seems to be a step in the right direction.
Mr Nikos Papakleovoulou, expressed his intention to lodge an appeal against this outcome to the European Rights Court, claiming that he did not have a fair trial.
The Pancyprian Bar Association chairman, Mr Doros Ioannides, in statements made to the press, acknowledged that this is the first case of its kind and as such the Bar Association will discuss it in a coming meeting, at which Mr Nikos Papakleovoulou will be asked to express his opinion.
Spacious Home with Fantastic Views
• 150 sq. m., 2 bath, 3 bedroom bungalow - €458,000 EUR - Title Deeds - Furnished
Sea Caves, Paphos - This spacious bungalow with title deeds sits in a private cul-de-sac with stunning views of the sea and coast. This property is ideal as a residential home or as a holiday retreat and is sold fully furnished.
The neighborhood is one of the most beautiful in Cyprus with the beaches only minutes away, as well as a many cafes and restaurants.
As you enter the gated driveway which provides plenty of parking space, you will be led down a paved pathway through an immaculate front garden up to the quaint covered porch way. An attractive archway takes you from an entrance hallway which is the centre point of the property onto the lounge with a feature gas fire fireplace and two patio doors opening on to a partially covered veranda - the separate kitchen to the left of the hallway is well equipped and has plenty of cupboard space. A breakfast bar separates the kitchen from the dining area and there is a large terrace with wooden pergola accessed via patio doors. A doorway from the dining area leads directly through to the lounge.
To the right of the hallway are 3 bedrooms all with fitted wardrobes and double size. The master bedroom has patio doors leading to the spacious veranda with fantastic views, an en-suite with bath, separate shower, bidet and double vanity unit.
The veranda spans the length of the property with lots of room to relax and enjoy the spectacular sunsets and stunning sea views. Steps lead down to the kidney shaped swimming pool with built-in barbecue at the side, and the beautifully landscaped gardens.
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Easily converts to 3 bedrooms
• 180 sq. m., 2 bedrooms, 3 bathrooms, 2 story - €310,000 EUR - Breathtaking Views
Kamares, Paphos - This lovely Kamares home is located at the end of a quiet road - a perfect setting for peace and quiet yet only minutes away from the Kamares club. This 2 bedroom home with a large sunroom features spectacular views of the Paphos area and coastline.
There is a large gated driveway and courtyard in front of the house with a large seperate room that is used as a laundry/utility and extra storage room. It can also easily be turned into a maids room.
As you view this cozy home you immediately see and feel the special care and up-grades the owners have added. As you enter the foyer with a stone-faced archway that leads you into the living room with fireplace and two double sliding doors that take you out to the sunroom with it's spectacular views of the countryside down to the sea. To the left of the entrance is a modern and birght kitchen that is spacious with a movable island. There is also a large stone covered arched bar that looks into the dining and living room area. To the right are the main level w.c-toilet-shower and stairs leading to the lower level and the two bedrooms.
The lower level consists of two double bedroom and family bathroom and a large covered extension to one of the bedrooms that can be converted into a 3rd bedroom. The bedrooms lead out to a large veranda with a whirlpool and BBQ area. There is also a large garden area with plenty of room for a pool.
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