This is an e-mail from Richard Smith, an investor in The Grove Spa Resort, who gave permission for us to publish it here. From experience, those investors who think well ahead of completion about their rentals and property management are very successful:
"Last month I had a chat with an independent travel agent (a friend recommended him to me). The idea was to advertise our UK holiday let, however, we got onto the subject of Cyprus and I told him about our investments in The Grove Spa Resort, Mazotos.
He knows Cyprus well and has many contacts in the travel industry. He informed me that a number of them would be interested in taking a block booking of 10 weeks for themselves to rent out to their clients. (The Larnaca area has very few quality properties and none that will compare to the Grove Spa Resort once completed).
I am currently producing a marketing pack so that I can set up a meeting with the companies in question. If all goes well I will be buying more properties there!"
February 17, 2009
February 13, 2009
InvestinCyprus.com Developers Operations Manager Beats The Snow!
The weather has been particularly bad in the UK recently and we have all had to improvise in order to get into the office. Jon, operations manager at InvestinCyprus.com Developers, did particularly well.
A bit different from Cyprus!
February 12, 2009
Construction Meeting Today And Appointment Of Sub-Contractors
GCC has been quick off the mark since their appointment as the prime contractor for the main construction of The Grove Spa Resort.
Earlier this week the management team were on site with the topographers and today the sub-contractors will be appointed at a meeting in Larnaca.
February 10, 2009
PRESS RELEASE: Appointment Of General Constructions Company Ltd (GCC) As Prime Contractor For The Grove Spa Resort, Cyprus
PRESS RELEASE The Grove Spa Resort, Cyprus – Appointment of General Constructions Company Ltd (GCC) as Prime Contractor.
InvestinCyprus.com Developers has appointed the General Constructions Company (GCC) as the prime contractor for its landmark 5 Star mixed-use scheme, The Grove Spa Resort in Mazotos, Cyprus.
GCC was founded in 1947 and is one of the leading construction companies in Cyprus with its head office in Nicosia.
GCC has constructed many prestigious projects in Cyprus, including: The Annabelle 5 Star Hotel in Paphos, Ayia Napa Water Park, IKEA, and The Embassy of The People’s Republic of China to name a few.
The company has also undertaken large projects for the Cyprus government and UK Ministry of Defence.
Further, the company has successfully operated in Saudi Arabia for over 30 years and is now establishing a strong presence in Bahrain.
The motto of GCC is “Quality First” and the company this week celebrates its 62nd year of delivering quality construction projects.
Commenting on the appointment of GCC, Stephanie Fairhurst, Managing Director of InvestinCyprus.com Developers said,
“ The appointment of GCC as our main contractor shows our commitment to delivering a top quality resort by employing only the very best professionals for this outstanding project. GCC has a strong reputation for excellence and professionalism and we are delighted to be working together.”
Phase 1 of the build of The Grove Spa Resort was completed at Christmas before the purchase of an additional plot of land to add further facilities to the scheme.
The revised plans have now been approved by the authorities and Phase 2 of the construction begins this week.
InvestinCyprus.com Developers Director Dominic Farrell says:
“We couldn’t refuse the opportunity to purchase an additional plot of land adjacent to the scheme and buyers have been extremely pleased with the extra value the enhanced facilities have provided.”
Mr Farrell continues, “Testament to the appeal of The Grove Spa Resort is that, even in the present climate, we still have strong interest from buyers and continue to make sales, despite having sold 80% of the scheme before we started construction.”
Notes for Editors:
The Grove Spa Resort in Mazotos, Cyprus is a 5 star mixed-use scheme due for completion in 2010.
In addition to 128 residential units, there is a restaurant, supermarket, on-site rental and resale office, concierge service, health spa, gymnasium, dance studio, hydrotherapy pool, 3 outdoor pools, tennis court, sports TV room, children’s play area and secure underground parking and storage units.
There has been worldwide interest in this project with buyers from UK, Ireland, Cyprus, Hong Kong, Poland, Malaysia, Dubai, Bahrain, Sweden, Italy, India, South Africa, Singapore and Azerbaijan.
For further information and interviews please contact Dominic Farrell on +44 (0) 151 244 5432
InvestinCyprus.com Developers has appointed the General Constructions Company (GCC) as the prime contractor for its landmark 5 Star mixed-use scheme, The Grove Spa Resort in Mazotos, Cyprus.
GCC was founded in 1947 and is one of the leading construction companies in Cyprus with its head office in Nicosia.
GCC has constructed many prestigious projects in Cyprus, including: The Annabelle 5 Star Hotel in Paphos, Ayia Napa Water Park, IKEA, and The Embassy of The People’s Republic of China to name a few.
The company has also undertaken large projects for the Cyprus government and UK Ministry of Defence.
Further, the company has successfully operated in Saudi Arabia for over 30 years and is now establishing a strong presence in Bahrain.
The motto of GCC is “Quality First” and the company this week celebrates its 62nd year of delivering quality construction projects.
Commenting on the appointment of GCC, Stephanie Fairhurst, Managing Director of InvestinCyprus.com Developers said,
“ The appointment of GCC as our main contractor shows our commitment to delivering a top quality resort by employing only the very best professionals for this outstanding project. GCC has a strong reputation for excellence and professionalism and we are delighted to be working together.”
Phase 1 of the build of The Grove Spa Resort was completed at Christmas before the purchase of an additional plot of land to add further facilities to the scheme.
The revised plans have now been approved by the authorities and Phase 2 of the construction begins this week.
InvestinCyprus.com Developers Director Dominic Farrell says:
“We couldn’t refuse the opportunity to purchase an additional plot of land adjacent to the scheme and buyers have been extremely pleased with the extra value the enhanced facilities have provided.”
Mr Farrell continues, “Testament to the appeal of The Grove Spa Resort is that, even in the present climate, we still have strong interest from buyers and continue to make sales, despite having sold 80% of the scheme before we started construction.”
Notes for Editors:
The Grove Spa Resort in Mazotos, Cyprus is a 5 star mixed-use scheme due for completion in 2010.
In addition to 128 residential units, there is a restaurant, supermarket, on-site rental and resale office, concierge service, health spa, gymnasium, dance studio, hydrotherapy pool, 3 outdoor pools, tennis court, sports TV room, children’s play area and secure underground parking and storage units.
There has been worldwide interest in this project with buyers from UK, Ireland, Cyprus, Hong Kong, Poland, Malaysia, Dubai, Bahrain, Sweden, Italy, India, South Africa, Singapore and Azerbaijan.
For further information and interviews please contact Dominic Farrell on +44 (0) 151 244 5432
February 9, 2009
Property Buyers Delighted As Final Approval Is Given For 14 New Golf Courses In Cyprus
The Cyprus government has finally approved the creation of 14 new golf courses, which will bring the total number on the island to 17. The decision was finalised at a cabinet meeting last Thursday (5th February 2009).
Government Spokesman Stefanos Stefanou said the actual decision had been taken by the previous government.
“It was taken for the purpose of strengthening the tourism product in Cyprus and boosting economic activity,” he said.
Dominic Farrell, director of InvestinCyprus.com Developers, the company behind the much acclaimed Grove Spa Resort in Mazotos says:
“This is excellent news for homebuyers and investors alike and will provide a substantial boost to rental demand, re-sales and economic activity in general.
Additionally, seasonality will be reduced in areas surrounding courses as the winter months in Cyprus are ideal for playing golf. Combined with the increase in low cost flights from airlines such as easyJet, we will see a sharp increase in visitors to the island.
Owners of high quality properties, such as The Grove Spa Resort and Palm Spa Resort, with all-year-round facilities will benefit most.”
For an article by Jet-to-Let Magazine on the benefits of investing near golf courses click here
Government Spokesman Stefanos Stefanou said the actual decision had been taken by the previous government.
“It was taken for the purpose of strengthening the tourism product in Cyprus and boosting economic activity,” he said.
Dominic Farrell, director of InvestinCyprus.com Developers, the company behind the much acclaimed Grove Spa Resort in Mazotos says:
“This is excellent news for homebuyers and investors alike and will provide a substantial boost to rental demand, re-sales and economic activity in general.
Additionally, seasonality will be reduced in areas surrounding courses as the winter months in Cyprus are ideal for playing golf. Combined with the increase in low cost flights from airlines such as easyJet, we will see a sharp increase in visitors to the island.
Owners of high quality properties, such as The Grove Spa Resort and Palm Spa Resort, with all-year-round facilities will benefit most.”
For an article by Jet-to-Let Magazine on the benefits of investing near golf courses click here
February 6, 2009
Cyprus Property - Comments By Paul Collins
This is an interesting article by Paul Collins, who is a respected commentator in the overseas property industry, which you may find of interest.
Dominic Farrell
Cyprus has long been an island that has offered Britons everything they like to get from a holiday destination - sandy beaches, blue seas, a long and hot summertime, friendly locals who can speak English and of course, plentiful golf courses.
And it seems that the former British colony may soon have more of the latter to offer, with the news that plans to build 14 new golf courses have been proposed.
The effect such development will have on tourists is clear as it is unlikely that any keen golfer will not enjoy being tested by a fresh set of holes, but how could such a move impact upon the decisions of property developers?
According to Paul Collins, the property editor at BuyAssociation, an increase in golfing opportunities should provide a boost to the property market in the area.
"Whenever leisure facilities like golf courses go in, it does tend to give a bit of fresh impetus to the property market. There have always been golf courses in Cyprus and it has always been a popular reason for people going over there," he said.
Mr Collins added that some of the courses on offer are "of a very high standard".
Furthermore, it is not just property developments in the locality of the proposed golf courses that will see the positive effect of their arrival, Mr Collins noted.
He stated that due to the size of the island, it is probable that the new leisure facilities will profit the entire community.
"The whole island will probably benefit from this. It's not a massive island and it is quite easy to get around, so there are plenty of places that can benefit from this. People don't necessarily want to live right next door to the attractions," he commented.
And if this news is not enough to tempt overseas property buyers to investigate the options in Cyprus, hard data from Statistical Office of the European Communities might do the trick.
It released figures last year that suggest population growth in Cyprus will be the strongest over the next half a century, compared to the other 25 countries in the European Union. It said that the number of people living on the island will swell by 66 per cent, growing to 1.12 million by 2035 and to 1.32 million in 2060.
This is despite the fact that the overall population of the EU will gradually decline over the same period by 2.1 per cent.
Overseas property investors who 'putt' their trust in Cyprus now, may well find they land on a small patch of green surrounded by the rough.
Source: Assetz News
Dominic Farrell
Cyprus has long been an island that has offered Britons everything they like to get from a holiday destination - sandy beaches, blue seas, a long and hot summertime, friendly locals who can speak English and of course, plentiful golf courses.
And it seems that the former British colony may soon have more of the latter to offer, with the news that plans to build 14 new golf courses have been proposed.
The effect such development will have on tourists is clear as it is unlikely that any keen golfer will not enjoy being tested by a fresh set of holes, but how could such a move impact upon the decisions of property developers?
According to Paul Collins, the property editor at BuyAssociation, an increase in golfing opportunities should provide a boost to the property market in the area.
"Whenever leisure facilities like golf courses go in, it does tend to give a bit of fresh impetus to the property market. There have always been golf courses in Cyprus and it has always been a popular reason for people going over there," he said.
Mr Collins added that some of the courses on offer are "of a very high standard".
Furthermore, it is not just property developments in the locality of the proposed golf courses that will see the positive effect of their arrival, Mr Collins noted.
He stated that due to the size of the island, it is probable that the new leisure facilities will profit the entire community.
"The whole island will probably benefit from this. It's not a massive island and it is quite easy to get around, so there are plenty of places that can benefit from this. People don't necessarily want to live right next door to the attractions," he commented.
And if this news is not enough to tempt overseas property buyers to investigate the options in Cyprus, hard data from Statistical Office of the European Communities might do the trick.
It released figures last year that suggest population growth in Cyprus will be the strongest over the next half a century, compared to the other 25 countries in the European Union. It said that the number of people living on the island will swell by 66 per cent, growing to 1.12 million by 2035 and to 1.32 million in 2060.
This is despite the fact that the overall population of the EU will gradually decline over the same period by 2.1 per cent.
Overseas property investors who 'putt' their trust in Cyprus now, may well find they land on a small patch of green surrounded by the rough.
Source: Assetz News
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