Pafilia
Pafilia in Cyprus
Less rain, more sun and more money
While we are experiencing the freezing cold and snow wondering when we will see the sun again, Cyprus is basking in sunshine. Some of us will look for a short term reprieve and head off to the sun for a well earned holiday and some of us will be feeling the squeeze of the current economic climate.
According to Pafilia Property Developers, you too can make a complete escape to a much sunnier climate with a lower cost of living and better taxes and live the dream. Whether this is your end goal, or if you are looking for an investment, or a way to get onto the property ladder, Cyprus may well be perfect. The team at Pafilia will be discussing this at stand G55, where they are exhibiting at A Place in the Sun on 3rd-5th April at Earls Court.
With the current crisis around the world, Cyprus has become an even more attractive proposition. Investment in shares, mutual funds are high risk, with even banks not being a sure bet. People are looking for more secure alternatives and bricks and mortar are obviously an attractive proposition. Cyprus still has all the advantages it has always had that have made it so popular, such as 340 days sunshine, very low taxes, low crime rate, first class infrastructure and very hospitable people. Visitors fall in love with the island and come back again and again. On top of this, it has a strong housing market, where the Central Bank has maintained strict levels on the amount of deposit a customer has to pay, reducing the exposure to speculative short term investments; a key factor in other countries’ problems. Today, the banks in Cyprus are offering loans of up to 80% of the property value, which is very attractive compared to other countries where loans are quasi impossible to obtain. Cyprus also has one of the most secure land registries in the world. Once the contract of sale has been signed, it should be lodged at the land registry within 60 days to ensure the beneficial rights to property ownership are legally protected. Once filed, your property cannot be leased, sold, transferred, or mortgaged without the purchasers’ consent. If you add to all of this that Cyprus is an island with a limited supply of land and housing and a forecast for continued positive GDP growth (most countries are showing negative GDP) then there is likely to be room for gains in 2009.
So, where do you begin? First you need to choose the developer you will buy from. Reputation and experience are important when choosing your property partner and Pafilia is the largest privately owned and one of the most respected developers in Cyprus, offering unrivalled professionalism and 30 years experience. Employing over 350 people worldwide, it’s owner is Elias Eliades, a former Defence Minister for Cyprus and a very approachable and knowledgeable person, whose friendly and professional approach is reflected throughout the company. Mr Eliades vision and commitment to long term objectives has the company expanding into new markets around the world, at time when others are retrenching.
Pafilia Designing for life
Renowned as a forward thinking company, Pafilia is a market leader in many respects, not least for its design of environmentally friendly and aesthetically pleasing developments. Properties are designed to be sympathetic to their natural surroundings, with a strong focus on extensive green areas. In fact since projects are rarely developed to the maximum build factor allowed, the resulting properties have a greater feeling of space. The green appeal continues with development taking place around existing trees wherever possible, rather than uprooting them. If this is necessary, then a tree replanting scheme ensures the island’s treasured olive and citrus trees are conserved, accompanied by the company’s outstanding promise to plant a new tree for every single property built. The company constantly strives to implement new and effective ways to improve its eco-friendly policy and forthcoming announcements of specific green initiatives, will undoubtedly raise its green profile even higher.
Pafilia’s chief objective is to focus on each individual customer in a personal, hands on manner, which is why the company has a number of sales offices around the world. This ensures it delivers consistently high levels of service and advice locally. The company has put together easy payment schemes and negotiated favourable financing with local banks, providing support through the legal and financial stage. It doesn’t stop there, the company is on hand to help you through every step of the way to make the buying process a smooth and hassle free experience. In fact 10,000 happy homeowners can’t be wrong, with peace of mind further assured through membership with the AIPP as well as the Federation of Overseas Property Developers, Agents and Consultants.
Continuing the relationship
After you have moved in, Pafilia has a comprehensive after-sales service which caters for every future avenue. It has a specialist team managing and maintaining the communal areas and offering repairs & maintenance, landscaping, gardening, swimming pool maintenance, cleaning and many other services to make your life easier. There are also re-sales and rentals divisions.
Pafilia provides guaranteed rentals on some of its properties and also offer a dedicated rentals service which any of its customers can take advantage of, with its own website for online bookings. The rentals team includes experts from the International hospitality industry who are experienced in renting your property and providing the level of service you expect.
Breadth of product
Pafilia’s property offering is equally appealing, with its portfolio spanning apartments, townhouses, bungalows, villas and custom-built residences in some of the most sought after locations. Land is carefully selected to meet clients’ lifestyle needs, so Pafilia homes are in desirable areas, whether they are close to beaches, golf courses, or marinas and are always a short distance from amenities. Pafilia has over 1,000 of the highest quality freehold properties on the market at any given time, ensuring it has something to suit every budget and preference.
The quality of Pafilia’s finished product is unparalleled and has been recognised by an abundance of International property awards, most recently in 2008, with Gold for Best Development in Cyprus 2008 by Homes Overseas magazine and a World Residence Award. The company not only builds homes of outstanding architectural design, but is also dedicated to creating superior living environments with modern comforts and luxury specifications installed as standard. In addition, Pafilia homeowners enjoy access to excellent leisure facilities such as outdoor swimming pools, poolside changing rooms and showers, relaxation areas and sun terraces.
When choosing your property, Pafilia recommends you look at the different areas in combination with the type of property you are looking for and decide which suits you best; Limassol, a cosmopolitan town, Pafos with its mixture of town life and countryside and the Polis/Latchi area, with its small towns and villages and outstanding natural beauty. Its secluded beaches, traditional villages and vast unspoilt Akamas nature reserve, stretch from the Polis area all the way to Pafos. Immersed in such idyllic surrounds, Pafilia’s Amorosa Villas offers an enviable lifestyle address, located on the beachfront of Latchi set against the mountainous backdrop of the Akamas peninsula. The exclusive community of 25 three and four-bedroom villas are set on spacious plots and open-air terraces and impressive infinity pools create fine al fresco living. The generous living space encompasses reception rooms with fireplaces, optional saunas, gymnasiums and treatment rooms, with exceptional finishing touches. A communal tennis court and concierge service add to the attraction. Prices start at around €1,470,000.
For those on a more modest budget, Polis Gardens is nearby. This development comprises 1,2 and 3 bedroom apartments and 2 and 3 bedroom houses. It features spacious properties, with generous verandas, some with pergolas, whilst others enjoy traditionally inspired Cypriot arches that provide welcome shade in the long summer months. It has large beautifully landscaped areas, a communal gym and a number of large communal pools. Located close to the Akamas Peninsula and a short walk to the beach, Polis Gardens maintains the traditional feel of the area with a combination of traditional stonework and modern architectural details. It is close to all amenities and beaches and prices start at around € 145,231.
At the top end of the scale, Minthis Hills, is set to raise the concept of “barefoot luxury” beyond anything Cyprus has experienced to date. Boasting a location 600 metres above sea level, just outside of Tsada village in the hills above Pafos, this luxury country retreat affords homeowners breathtaking panoramic views across an aspect of rolling hills and coast beyond. The allure is enhanced by plans for an exclusive vineyard and olive grove for residents and nature trails suitable for walking and mountain biking. Amidst such an inspired natural setting, the internationally acclaimed Woods Bagot architectural team will certainly put Cyprus on the map for the properties’ ingenious, modern design. Utilising local wood and stone with glass, the inspiration for features such as interior courtyards stems from traditional Cypriot homes but with an imaginative modern twist. The same attention has been paid to the interior as well and the quality of the finishes exceeds any five star hotel.
Only 100,000 square metres of the whole land mass is to be developed, just 2% of the huge 5million square metre site. The whole area, equivalent to 1200 football pitches, will be enhanced with over 30,000 indigenous trees. This will be done in harmony with the landscape to enure it maintains its natural beauty. The existing 18 hole, par 71, 6,550 yard golf course is being renovated and the site, which also includes the 500 year old Minthis Cross monastery, will boast an impressive new golf clubhouse with restaurants and bars, a beautifully designed exclusive health and spa club, an elevated driving range, pitch and putt area, tennis courts, playgrounds and other sports facilities. According to Pafilia, the launch has been very successful, with sales of these €1,000,000 plus properties exceeding all expectations.
Together, all of this is a good argument for why Pafilia is the leading property developer in Cyprus today and it looks like it will continue to evolve, responding to the market and its customers’ needs, while remaining at its heart a people company.
For more information about Pafilia please contact:
Tel: +357 26 848800
Email: info@pafilia.com
Pafilia Cyprus – Pafilia Developers
Resources for Pafilia property sales, Pafilia resales, Pafilia property information. Find Pafilia resale properties that are on the market – the Pafilia resale property department has many completed resale properties available.
Here some online marketing websites that are presenting Pafilia.
- CyprusDevelopers.co.uk presents Pafilia and other property developers in Cyprus.
- Gofgo Blog presents Pafilia
- Cyprus-EU.org presents Pafilia
- Pafilia Resales – Pafilia resale property information for Pafilia property resales.
- Blog Pafilia find blog posts for Pafilia.
- Property Developers Pafilia in Cyprus.
- Minthis Hills Pafilia – blog covering the Pafilia Golf Resort Minthis Hills.
- Cyprus Inheritance Tax presented by Pafilia – a good article by Pafilia.
- PropertyCyprus.biz presents Pafilia – read blog posts on Pafilia.
- Pafilia Resale Property at Pafilia Anarita Valley.
PAFILIA PROPERTY DEVELOPERS
Pafilia pledges to plant trees | Pafilia on GOFGO Blog | Pafilia resales at Eva Gardens | Pafilia resales blog information | Pafilia expands to Crete.
