Sweetwater Bay is a located in a stunning natural sea front landscape east of Kyrenia of North Cyprus, below the picturesque village of Tatlisu.
The entire district of the property is undergoing development, with increased entertainment and dining facilities. The village site is bounded by two natural streams and lies above a private secluded bay, the best the Mediterrenean offers.
The new coast road passes half a mile south of the village, allowing easy, fast access, yet maintaining required privacy.
The village offers a variety of accomodation possibilities: bungalows, villas, garden apartments and penthouses, as well as numerous fully developed public features and facilities, including swimming pools, dining, recreation and access to a private beach.
Tuesday, February 17, 2009
Friday, February 6, 2009
house prices remained stable until end 2008
From January to December 2008, the index recorded a total increase of 2.8 per cent compared to 2007’s total increase of 19.2 per cent.
Home prices in Cyprus during 2008 began with a strong monthly increase of 3.6 per cent in January, followed by a one per cent rise in February. For the next few months, prices followed an overall descending path bringing the BuySell Home Price Index to its lowest level for 2008 in July at 142.42 units, with the average home price dropping to €189,583.
This was reversed during the subsequent four months with prices rising a total of four per cent, bringing the index to its highest level for the year in November (148.12 units).
Home prices in Cyprus during 2008 began with a strong monthly increase of 3.6 per cent in January, followed by a one per cent rise in February. For the next few months, prices followed an overall descending path bringing the BuySell Home Price Index to its lowest level for 2008 in July at 142.42 units, with the average home price dropping to €189,583.
This was reversed during the subsequent four months with prices rising a total of four per cent, bringing the index to its highest level for the year in November (148.12 units).
Thursday, January 22, 2009
Britain keeping watch on title deeds fiasco
BRITAIN will take a close interest in measures taken by the Cyprus government to sort out the problems of home buyers left without their title deeds, a written answer to the House of Lords has said.
Two questions were placed before the Lords last November detailing the concerns of some property buyers worried about the implications of not holding legal ownership to their properties.
For them, the issue became more urgent as the global credit crunch began to bite into the real-estate sector with the possibility of foreclosure by the banks on the developers who still hold titles.
The average wait for title deeds in Cyprus is 10-15 years, and there are around 100,000 home owners still waiting, 30,000 of whom are foreigners.
Answering on behalf of the government, Lord Malloch-Brown said the British High Commission had raised the issue with the Cyprus government.
Two questions were placed before the Lords last November detailing the concerns of some property buyers worried about the implications of not holding legal ownership to their properties.
For them, the issue became more urgent as the global credit crunch began to bite into the real-estate sector with the possibility of foreclosure by the banks on the developers who still hold titles.
The average wait for title deeds in Cyprus is 10-15 years, and there are around 100,000 home owners still waiting, 30,000 of whom are foreigners.
Answering on behalf of the government, Lord Malloch-Brown said the British High Commission had raised the issue with the Cyprus government.
Saturday, January 10, 2009
Cyprus economic forecast not so good
The Cyprus Finance Ministry has cut its economic forecasts in the wake of the global financial crisis.
Charilaos Stavrakis has said that the ministry projects economic growth of 2.1% as its central scenario, and 2.6% as an optimistic scenario instead of 3.0% provided for in the 2009 budget.
Despite the downward revision, Stavrakis said that both the finance ministry and the government have set a target that Cyprus will present, in 2009, the highest growth rate in the euro area which is expected, according to EU Commission figures, to present negative growth of 0.9%.
"The international financial crisis indeed is getting worse and this inevitably affects an open economy as that of Cyprus. However, we continue to believe that we will have very satisfactory growth rates," Stavrakis told a press conference.
Charilaos Stavrakis has said that the ministry projects economic growth of 2.1% as its central scenario, and 2.6% as an optimistic scenario instead of 3.0% provided for in the 2009 budget.
Despite the downward revision, Stavrakis said that both the finance ministry and the government have set a target that Cyprus will present, in 2009, the highest growth rate in the euro area which is expected, according to EU Commission figures, to present negative growth of 0.9%.
"The international financial crisis indeed is getting worse and this inevitably affects an open economy as that of Cyprus. However, we continue to believe that we will have very satisfactory growth rates," Stavrakis told a press conference.
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