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Oroklini Cyprus theme park meeting scheduled

A critical meeting is scheduled for Monday 26th September 2011 to discuss plans to build a theme park close to the Larnaca Cyprus village of Oroklini (Vroklini) which is also close to Pyla village currently under the control of the United Nations, on the south eastern coast of Cyprus.

The local media are reporting that the meeting will take place between the Cypriot Interior Minister, Neoclis Sylikiotis, and a joint delegation of representatives from the organisation set up by land owners and the Russian investors.
The meeting it is hoped will address two issues. The first is the exchange of Cypriot Government owned land amounting to some 300 donums (around 40 hectares) for land held by landowners elsewhere. The second is the change of use of the land and the need for new infrastructure, which if this goes ahead will present the need for new roads and facilities, but there is no doubt if it goes ahead the area will be much in demand and sought after.  It is expected property values will rocket and holiday lettings will be much in demand.
Estimated at a cost of €800 million, this project will occupy an area of nearly 1,000 donums (approximately 330 hectares) and will include a waterpark, a luxury hotel and many restaurants.


Buyers return to Cyprus market

Portugal, Turkey and Cyprus are among the main beneficiaries of the returning British interest in overseas property, according to the latest figures from portal Rightmove.

The website recorded a 60% year-on-year increase in the number of overseas property searches in March. Destinations in Portugal saw a 6.3% increase in searches compared to the previous month, fuelled by particularly by a 106% spike for Costa Verde, as well as 16% rises for Lisbon and the Silver Coast.

Portugal has surged past Australia and reclaimed its fourth place in our chart as the seasonal peak in emigration interest fades, said Rightmoves head of overseas, Robing Wilson.
Turkey and Cyprus also rose in popularity compared to the previous month and year, with Mugla and the Aegean in Turkey recording 16% and 12% monthly rises, respectively, and Paphos in Cyprus seeing 12% more interest compared to the previous month..

Historically, Italy has rounded out the top five countries, but strong performances from Cyprus and Turkey could see an upset as interest builds into summer, said Wilson.

The biggest increases of all were for Malta, up 21% compared to the previous month, and Germany, up 17%. Spain, France and the USA retained the portals top slots.

Currency driven
The trend was backed up by foreign exchange broker Moneycorp, which saw an 18.5% rise buyers and sellers for Portugal and a 16.6% rise for Cyprus compared to the previous month.

The GBP/EUR rate improved during March and is currently showing more signs of life, pressing higher towards the 1.15 level, said Moneycorps head of private clients, David Kerns.

Compared to Februarys low of just under 1.10, properties within the Eurozone would have appeared a more attractive prospect for euro buyers in March which could account for the rise in enquiries that Rightmove Overseas has seen.
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I have just returned from a week in Cyprus that concluded with the purchase of my dream villa and would like to take the opportunity to thank the Living-Cyprus team for a most professional service both prior to and during my visit. All...

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