Monarch is to start scheduled flights from Luton to Cyprus next year as the airline expands its network to the Eastern Mediterranean.
The airline claims the four flights a week from Luton to Larnaca will be the first low-cost scheduled flights to Cyprus from the UK. Flights will start on March 26 with one-way fares starting at £69.99, including taxes and web booking discount. Seats can be booked from next Wednesday on the carrier's website. Flights will operate on Monday, Tuesday, Wednesday and Saturday using Airbus A321 aircraft with 213 seats. Monarch scheduled services managing director Tim Jeans said: "Cyprus Airways and British Airways have operated a high fares cartel to Cyprus for decades which we'll break with our widely available, flexible low fares. "Our new service will be warmly welcomed not just by the growing holiday and overseas property markets in Cyprus, but the 150,000 strong Greek-Cypriot community in London, who've been deprived of choice and low fares until now." "Monarch's onboard service is also perfectly placed to provide an ideal level of service for the four and a half hour flight time, with extra legroom seating, free inflight entertainment - including full length feature films and the provision of hot and cold food all available."
Tuesday, December 19, 2006
Tuesday, December 5, 2006
Cyprus has the highest population growth in the EU
Cyprus has the highest population growth rate in the EU, according to “ cyprus in the EU Scale”, published by the Statistical Service CYSTAT in October 2006 and released last week.
The statistics show that the population growth rate in Cyprus in 2005 was 2.6%—much higher than any other EU country. This compares with an EU 25 average of only 0.5%. The second highest growth rate, of 2%, was recorded by Ireland, while the third highest was Spain, at 1.6%Cyprus also scored well in higher education with 29.4% of 15-64 year-olds having tertiary education, compared with an EU average of 21.9%. The highest proportion is in Finland, with 34%, while the lowest is Malta, with 10.9%.
Source: Financial Mirror
The statistics show that the population growth rate in Cyprus in 2005 was 2.6%—much higher than any other EU country. This compares with an EU 25 average of only 0.5%. The second highest growth rate, of 2%, was recorded by Ireland, while the third highest was Spain, at 1.6%Cyprus also scored well in higher education with 29.4% of 15-64 year-olds having tertiary education, compared with an EU average of 21.9%. The highest proportion is in Finland, with 34%, while the lowest is Malta, with 10.9%.
Source: Financial Mirror
Tuesday, November 28, 2006
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.
• 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.
Monday, November 27, 2006
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
Source: Financial Mirror
Wednesday, November 22, 2006
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.
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.
Tuesday, October 31, 2006
Cyprus mortgages - 35 year interest only through InvestinCyprus.com
InvestinCyprus.com has been instrumental in liberalising the mortgage market in Cyprus. We are pleased to announce that we have the facility to offer 35 years interest only products to our clients.www.investincyprus.com
Lettings and Property Management
The InvestinCyprus.com Lettings and Property Management (LPM) company is now up and running and the first tenants are coming into the office looking for accommodation in our prime sites. We have also tied in with a large hotel chain which has received enquiries from Sweden for long-term winter lets. Many of our investors have been very successful with their own lettings strategy and in some cases had more tenants generated than property available. We have now set-up the IIC Tenant Pool. If demand exceeds supply due to successful individual marketing campaigns, the tenant or holiday maker is then offered alternative accommodation from the Pool. A lettings fee is then paid by the recipient to the supplier of the tenant and InvestinCyprus.com acts as a (commission free) broker. More on the LPM in future newsletters. This service is exclusive to InvestinCyprus.com investors and homebuyers only.
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