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The Paphosfinder newsletter
November 2003


The Paphosfinder newsletter
November 2003
========== PaphosFinder.com Newsletter ======

We are very pleased to announce that we have a new head office and have been operating from the new premises for 3 months, we have setteled in very well.
You can find us in Stephanie Village/Tala34 Miltiadi Stylianou Avenue
Tala Village, 8577, Paphos

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EDITOR'S NOTES:

If you enjoy your subscription to the PaphosFinder newsletter, please forward a copy to a friend or associate that would benefit from this newsletter. We appreciate your support.
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Our land database is still going strong with 40 plots available in various locations of Paphos district, in town, on the coast and in the suburbs.

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Our rental property database is growing rapidly and we now manage most of the properties ourselves, with 90% of all enquiries being handled by our staff.

Property prices are still increasing rapidly driven by the heavy demand primarily from foreign investors.

Typically a 1 bedroom property on a complex with a pool is now costing CYP55,000.
Whereas, 3 years ago the same property would have cost CYP27-35,000. The rising prices are significant and have doubled and more in some cases.
Similar equations can be seen with Villas.
Some now on the market for CYP500,000
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Don’t forget to have a look at the new photographs in our picture gallery, approaching 800 mostly taken by our super staff :)

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British Airways now fly to Paphos Airport. The flights started on the 19th October which was 2 weeks earlier than originally planned due to the demand. We are all very pleased, it will mean we can use the air miles closer to home. The prices currently start at CYP120.00, as anticipated earlier this year more airlines will fly to Paphos, providing healthy competition and reducing prices.

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Paphos sewerage system has been installed at last. Phase 1 is complete. The roads are still being resurfaced and diversions are still in operation. The signage is still inadequate so beware. Phase 2 of the operation has not been announced. This will eventually start to take care of the sewage system in the villages close to Paphos itself.
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Airport road. After much debate and speculation the dual carriageway linking Kato Paphos to the airport is underway, we are not sure how far they will get but it is anticapetd that the 1st phase from Tombs of the Kings area through to The existing dual carriage way at the round about (A1) near the Amathus beach hotel.

In mid-October Peyia Municipality concluded the contract-phase for a new road that will relieve pressure in the heart of the village. At present heavy vehicles rumble down through the village from the quarries in the hills above and create a lot of noise and dust, as well as increasing the potential for accidents in the narrow village roads. The new road will start opposite the turning to the sea caves on the way to Ayios Georgios, and will join the existing road above the village, at the Pikni Forest boundary. The new road may also help reduce accidents at the Coral Bay/Peyia crossroads. The opportunity will be taken to install new waterpipes alongside the new road, thus improving supply to the increasing number of houses in the Peyia village area. Work on the Ј2 million contract was due to start at the beginning of November and last 52 weeks.

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The Marina due to be built at Coral bay to serve the Paphos area has been put on hold, we will keep you posted.

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TAX AVANTAGES

There are multiple tax advantages for living and retiring in Cyprus, particularly for those retiring here.
For Example – retirees who become residents are only still taxed at 5% of income/pension. For amounts exceeding CYP2,000 annually.

Naturally, this is a greater saving than other countries. The other benefits are duty free privileges, though the list is diminishing. For those of you who want to come and live/work in Cyprus. Income tax is nil rated at up to CYЈ9,000 per annum (and CYP10,000 as of May 2004)

Duty Free privileges include: Cars, household goods, furniture etc.

We are currently compiling a comprehensive guide that we will let our subscribers know as soon as it goes onto the website.In the meantime – Any questions you may have, please forward them to the editor.

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Paphos is set to have a State of the Art waste disposal built, that will comply with EU standards.
The 4 Million pound project at Marathounda is due to begin late 2003, early 2004 and considered very important and beneficial to the area.

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GSM contract has been awarded to Scancom, ahead of Greek based Cosmote.

The Lebanon backed company Scancom active in Lebanon and Africa bid 12.75 million for a 20 year contract to provide a service for mobile phones in Cyprus.

Some 65% of islanders use mobile phones. Scancom are looking to take 30/40% of the market away from Cyta GSM.
It is important to note that Cyta GSM will be expected to match this amount to procure their own GSM license since they were de-monopolized and are now operating with competition.

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We are introducing a few recipes to our newsletter. To give you a flavour of Cypriot food.
A couple of dips – these are dishes often served with a Meze. A Meze is a continuous stream of dishes served to you throughout an evening. Very Cypriot.

TZATZIKIЅ

large cucumber (2/3 small cucumbers if you are in Cyprus)
Salt
150ml (ј pint) Greek yogurt
1 Tbsp. Olive oil
1 garlic clove, peeled and crushed
2 Tbsp. chopped fresh mint
Freshly ground pepper

Tzatzili is delicious as a sauce accompaniment to roast or barbecued lamb. Halve the cucumber lengthways and scoop out the seeds, the small cucumbers shouldn’t need this.
Remover the peel if you wish.

Chop the cucumber very finely and put it into a large sieve; sprinkle generously with salt (about 1 Tbsp.)
And leave to drain over a bowl for about 1 hour.
Rinse the cucumber pieces on paper towels or a clean teatowel.
Mix the yogurt with the olive oil, garlic, mint and salt and pepper to taste. Add the cucumber and stir well.
Serve immediately or cover and chill until required.
Tzatziki is best eaten within a couple of days.

MELITZANO SALATA

2 large aubergines, about 450g (1lb)
I small onion peeled and roughly chopped
2 garlic cloves, peeled and roughly chopped
4 Tbsp. olive oil
2 Tbsp. lemon juice
Salt
Freshly ground pepper
To serve:
1-2 Tbsp. chopped fresh parsley
Black or green olives

This dip has a much better flavour if the aubergines are scorched over the barbecue; if this is impossible then bake them in a preheated oven at 180 C (350 F) Mk. 4 for 45-50 minutes.Thread the aubergines on to a skewer.
Place them on the greased grill of a preheated BBQ and cook for 10 minutes.
Leave the aubergines until they are sufficiently cool to handle, then peel them and chop the flesh on a wooden board.
Put the aubergine flesh into a liquidizer or food processor with the onion, garlic, olive oil, lemon juice and salt and pepper to taste; blend until smooth.

Transfer the puree to a bowl and sprinkle with the chopped parsley and garnish with the olives.
Serve with pitta bread.This dip can be prepared in advance and kept in the fridge for up to 36 hours if tightly covered.

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Paphosfinder is happy to announce that they have been exclusively appointed by Georgiou Dempsey Developers Ltd. to represent their Marketing Interests. We will promote what is in effect our sister company on our website, their own website and through our offices and associate companies.
We will be sending mass mailshots to all our members.

We are also delighted to tell you of our Wedding site, Paphosfinderweddings, we can now take all the hard work out of arranging a wedding on the beautiful Island of Cyprus. Take a look and spread the word. Paphos finder can now help you buy a good quality 2nd hand car and will be adding details to the website soon, in the meantime if you would like details let us know and we will ask Simon to contact you.We now also offer very competitive prices for car hire and are updating the respective pages on the website where you will be able to see just how good a deal we can get for you.
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Tell us what you think we would love to hear your feedback.
Should we feature more local news?
If you are living in Paphos and would like to share some news, we would appreciate it.Our aim is to make this newsletter gossip free, informative, and useful for people who live here or are looking to come to Paphos. Please write to us admin@123-asap.com

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