Dionyssus Golf View Apartments, Tersefanou, Larnaca - SOLD OUT

Three weeks after launching Dionyssus Golf Villas and Apartments at Tersefanou, Larnaca the 80 apartments have now sold out and there are only 11 of the 26 villas remaining. If you wish to receive details of these villas, which are located on the ridge overlooking the new PGA golf course (completing in 2008), then please call Karon on 0151 482 5675. But make it quick as the prices on the remaining villas will be raised next week.Why was this development so successful?I think there are a number of reasons:

• Location: it is located in one of the 2 main capital growth regions on the island, namely Famagusta District (Paralimni, Protaras) and South Larnaca (Pervolia, Kiti, Tersefanou)• Price: significantly below market value which was recognised by many of our investors. Indeed, one such investor was offered a 1-bedroom apartment in a less favourable position on another site for the price of a 2-bedroom on the Dionyssus Golf View development.• Long completion date: mid 2010 gives your investment plenty of room to grow• Finance package: long mortgage terms and interest-only mortgage payments

• InvestinCyprus.com service: unrivalled investor service which includes sales, re-sales, furniture, lettings and property management all under one roof with the need to speak to only one person – your personal investment consultant.

If you wish to register your interest in any of the developments we presently have available, which can all be found on our website at www.investincyprus.com, or wish to be informed ahead of the crowd when we release new developments, then please give Karon a call on 0151 482 5675.

Cyprus to receive Euro 800 million from the EU

The Cyprus government is expected to receive EUR 800 mn from the EU for the period 2007 – 2013. EUR 400 mn will be used for corporate development, employment, education of human resources and research and development. EUR 212 mn will be used for infrastructure projects, whilst an amount of EUR 162 mn will be used for agricultural development and EUR 20 mn for the fishery sector.These funds will help the government to improve competitiveness, productivity in all economic sectors as well as the improvement of the standard of living of all population classes.

Source: Financial Mirror

Global real estate company opens offices in Paralimni and Protaras

THE WORLD’S biggest and fastest-growing real estate network yesterday announced the opening of its first four offices in Cyprus.

The company’s President and CEO, Tom Kunz, yesterday told the Mail that, “the island is the Mediterranean’s best kept secret. Its geographical location gives it such an advantage and it’s an excellent example of globalisation having increasing demand for properties coming from overseas. I believe Century 21 will facilitate this expansion in providing the platform for bridging into these international markets, providing the utmost in value and support to the new offices in Cyprus. We wish these new offices great success in their operations and we’re proud to welcome them to the Century 21 family.”

The first four offices will be located in Nicosia, Limassol, Protaras and Paralimni, with plans for 21 offices over the next three years.

The company was established in 1971, with a recent US survey finding the brand to be the most recognised name in real estate.

Annual profits in the United States amount to four billion dollars.

Frank Clarke, head of the French division, which was the first set up in Europe, stated: “It’s appropriate that we’re in Cyprus, in a little corner of heaven. There is a strong argument for attracting a lot of people to the island, which has always been a country of change.”Extracted from the Cyprus Mail.Comment: It is interesting to note that this global real estate brand has chosen to launch 50% of its initial offcies in the Paralimni/Protaras growth region, which we at InvestinCyprus.com have targeted as one of the two major areas on the island to invest in.