Pafosproperty Blog

20 Jun 2010
Oxana Mukhomedova
New basis for Immovable Property Tax has been announced Neoclis Sylikiotis, Minister of Interior of Cyprus, has announced the revision of the Immovable Property Tax calculations has been approved by the Council of Ministers. The draft bill is based on the 1980 property values, same as before, however, the rates have been adjusted as follows: Continue to be IPT exempt properties with value up to €170,860 Properties from €170,860 to €427,150 (per 1980 valuation) will be taxed at 0.3% instead of 0.25% current rate Properties between €427,150 and €854,300 will be taxed at 0.6% rate (now is 0.35%) Properties valued in 1980 over €854,300 will be... 0 Comments Tags: Cyprus property Immovable Property Tax Ministry of Interior of Cyprus
26 May 2010
Oxana Mukhomedova
New energy efficiency legislation approved by European Parliament New energy efficiency legislation which in 10 years will reduce European energy consumption by 20%, passed last week. According to the European Parliament, each member state will have to adjust its building regulations to make sure that every new property built from the end 2020 complies with new energy-saving standards. Buildings constructed prior to the end 2020 will have to be upgraded where possible. New building regulations are created in order to reduce C02 emission. In Europe buildings are accountable to approximately 40 per cent of energy use and are linked to 36 per cent of... 0 Comments Tags: Cyprus building regulations
19 May 2010
Oxana Mukhomedova
Second RICS Cyprus Property Price Index has just been released The second quarterly Cyprus Property Price Index (CPPI) has just been published by RICS. This RICS CPPI was first introduced in February 2010 and it tracks property prices and rents accross the island. It monitors fluctuations in apartments, houses, offices, retail and warehouses prices as well as rents.   New average price for an apartment in Paphos is €151.000, for a house €460.000. Apartment in Limassol costs averagely €175.000, in Nicosia €170,000,  €180.000 in Larnaca and €131.000 in Paralimni. Average prices for houses are €492.000 in Limassol, €520.000 in Nicosia, €409... 0 Comments Tags: Cyprus property
24 Apr 2010
Ayman Haimoun
Qatar to invest millions in a tourism complex venture deal in Cyprus On Wednesday was signed an important agreement between Cyprus and Qatar about building of a multimillion dollar project, which will include a luxury hotel, offices and residential properties, in Nicosia, commercial center of Cyprus. This agreement, signed by Qatar's Emir Sheik Hamad bin Khalifa Al-Thani and by Cyprus President Dimitris Christofias, represents a joint venture where each side will hold 50% share. Cyprus contributes the land and Quatar will pay in cash the equivalent of the property value, which, according to the Minister of Finance Charilaos Stavrakis, will most probably exceed... 0 Comments Tags: Cyprus economy Cyprus hotels
22 Apr 2010
Ayman Haimoun
New Chief Executive is appointed by The Association of International Property Professionals (AIPP) G&V Hadjidemosthenous Ltd, being member of The Association of International Property Professionals, welcome Mark Sharp from Key Housing affordable home developers (UK) who has replaced Paul Owen as the new Chief Executive of AIPP. Mark Sharp's research interests are in Built Asset Management, Process Modelling and Innovative MMC. He also sits on various sector boards and has international board membership of the CIB, whilst also associated with various professional institutions culminating in his Professorship at the University of Salford. Chair of the AIPP Board, Lindsay Hopkins, stated... 0 Comments Tags: AIPP
09 Feb 2010
Oxana Mukhomedova
Published first quarterly Cyprus Property Price Index The very first quarterly Cyprus Property Price Index (PPI) has been finally published. According to it, the average property price in Cyprus has reached €2,000 per square metre for a house and €1,865 per square metre for an apartment.   Highest valued prices for the houses and commercial properties are recorded in Nicosia and Limassol. Average house in Nicosia at the beginning of 2010 costs €523,438, same house in Limassol costs €496,250 and €460,417 in Paphos. The highest prices for the offices are in Nicosia - €758,000 per unit on average.   Cyprus Property Price Index was... 0 Comments Tags: Cyprus property
19 Jan 2010
Oxana Mukhomedova
Apostolides vs Orams: Greek Cypriot wins the case Judgment has been handed down in case of Greek Cypriot Meletis Apostolides against British Coulpe David and Linda Orams in favour of the Greek Cypriot, according to the statement of his lawyer. This final appeal is absolute and Orams will not be able to apply to the Supreme Court of UK anymore. According to the verdict the Cyprus judgments are to be registered and enforced in the UK. There were a number of orders made by the Cyprus Court against David and Linda Orams about the land in Lapithos, which belongs to Meletis Apostolides. Order of the Cyprus Court stipulates the following:  ... 0 Comments Tags: North Cyprus
17 Jan 2010
Chrystalla Socrates
American Academy presented the first environmentally friendly school in Paphos Highly anticipated presentation of the Private American School in Paphos took place on the 18th of December 2009 at Elysium Hotel. Members of Paphos municipality, public councillors and various financial and banking institutions representatives as well as over 500 other people (parents and friends of the school students and everyone who asteems the School's project) attended this important event. Conference, which was organised with support of Savvas Vergas, the mayor of Paphos, sent a message about today's challenges and importance of improvement of the educational system as well as about... 0 Comments Tags: Paphos Paphos events
30 Dec 2009
Oxana Mukhomedova
Lidl Supermarket to open in Paphos next year Hadjidemosthjenous Developers started construction of a store for Lidl, a German discount supermarket chain that operates about 8,000 stores worldwide. The Lidl store of approximately 1500 sq. m will be located at the Tombs of the Kings Road, near Venus Hotel. This position is very accessible for locals as well as for holiday makers. It will be extremely convenient not only for Paphos residents but also for large villages nearby, such as Chlorakas, Kissonerga and Peyia. Works have already commenced and opening of the supermarket is scheduled for September 2010. Lidl has a yearly turnover of... 0 Comments Tags: new projects Paphos events
22 Dec 2009
Chrystalla Socrates
Hadjidemosthenous offices Christmas Schedule We would like to take this opportunity and wish our Clients and Associates a Merry Christmas and Happy New New Year. We also would like to inform you that during the festive period our offices will be closed on the following dates: 24, 25, 26, 27, 31 of December 2009 and 1, 2, 3, 6 of January 2010 With any urgent inquiries during these days please contact us by email: info@pafosproperty.com 0 Comments Tags: Christmas and New Year Cyprus celebrations Hadjidemosthenous
20 Dec 2009
Ayman Haimoun
New Years Program at Aquamare Beach and Spa Hotel Thursday 31st December 2009 New Years Eve 10:00 to 11:00 Time to Spa – Our professional make up artist will demonstrate how your can look your very best for the New Year.16:00 to 18:00 Afternoon Tea & Cakes– Enjoy a relaxing afternoon tea at our Nektar Bar where our Pastry Chef has prepared delicious cakes and pastries. 8.00 Euro per person18:00- 19:00 Traditional Zivania Tasting - Join us at the Nektar Bar and sample “Zivania” the Cyprus Traditional Drink accompanied by olive bread and cheese bread. A unique experience!19:00 to 20:00 Management Cocktail – The hotel’s Management Team... 0 Comments Tags: Aquamare Hotel Christmas and New Year
17 Dec 2009
Oxana Mukhomedova
Paphos International Airport voted "Best Resort Airport in Europe" Paphos International Airport has been voted "Best Resort Airport in Europe" amongst the major European airports by passengers of Thomson airways, according to the press release by Hermes Airports. The poll, held by Thomson Airways, included all the airports of their network during summer period 2009. Almost 25% of all passengers using Paphos Airport for their travel needs are customers of Thomson Airways. Paphos Airport recently undergone complete renovation and this is its first award of this kind. “This proves not just its great potential but also the determination shown by Hermes... 0 Comments Tags: Cyprus holidays Paphos airport
19 Nov 2009
Oxana Mukhomedova
Improved Cyprus public transport system from June 2010 Cyprus is expecting great improvement in the public transport system from summer 2010. Nearly 45 Million Euro are to be invested in order to upgrade the Cyprus bus network. These measures are taken in order to lessen the traffic congestion as well as to facilitate travelling of the people between towns and within city centres. Communications Minister Nicos Nicolaides stated: “We’ve designated June 1, 2010 as a landmark for public transport in Cyprus… a new era…with new routes and extended hours". Over 60% of the bus drivers are supporting the new scheme and the rest are welcomed to come... 0 Comments Tags: Cyprus Transport
08 Nov 2009
Oxana Mukhomedova
New Larnaca Airport to open its doors to the first passengers A state of the art 656.3 Million Euro Cyprus airport, the largest infrastructure ever undertaken in Cyprus, will open its doors to the travellers on Tuesday 10th of November, following an impressive opening ceremony on Saturday, 7th November 2009. The old Larnaca Airport terminal was built 35 years ago, after the Cyprus' only airport in Nicosia ended up in the occupied territories due to the Turkish invasion. New Larnaca ultra-modern terminal can handle passenger traffic of up to 7.5 million people per year and if necessary, its capacity can be extended to up to nearly 10 million. It is... 0 Comments Tags: Cyprus Airways Larnaca airport Paphos airport
13 Sep 2009
Chrystalla Socrates
Cyprus Inspection Trips If you found on our website a property development you are considering investing in, the next step is to visit the site in person. Hadjidemosthenous Developers offer pressure-free inspection trips from the UK at symbolical price of £250 Sterling per couple. We will arrange the flight booking, airport transfer and accommodation at our Aquamare Beach Hotel & Spa . All you have to do is to get on board of the airplane and enjoy your trip.   Aquamare Beach and Spa Hotel   So, if you cannot wait to come to Cyprus and view some of our exciting investment opportunities for... 0 Comments Tags: Aquamare Hotel Inspection trips

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Jun
20
2010
New basis for Immovable Property Tax has been announced
Neoclis Sylikiotis, Minister of Interior of Cyprus, has announced the revision of the Immovable Property Tax calculations has been approved by the Council of Ministers....
May
26
2010
New energy efficiency legislation approved by European Parliament
New energy efficiency legislation which in 10 years will reduce European energy consumption by 20%, passed last week. According to the European Parliament, each member...
Blog archive »
Apr
12
2010
New cheap flights to Paphos
Low cost airlines EasyJet and Jet2 are starting new flights to Paphos for this summer season. Starting April 14th, EasyJet will begin flights to Paphos from Bristol 4...
Apr
11
2010
Pope to visit Cyprus in June
Pope Benedict XVI will arrive to Cyprus with an  official visit to Cyprus on June 4-6. He was invited by Demetris Christofias, President of the Republic of Cyprus,...
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19 Aug 2009

Even before buying our property from them, we had heard about Hadjidemosthenous from our friends. They told us that this Cyprus developer has been established for many years and offered value for money properties. We were thrilled when we finally purchased our apartment: smart layout, very good quality finishes, outstanding range of facilities and comprehensive customers support. We would definitely recommend this developer to our friends.

Mr. & Mrs. Taylor
- Pafos Riviera

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