Property of the Month in Xylophagou

Cyprus Buying Guide property of the month is located in peaceful Cypriot village Xylophagou in Famagusta region (South-east of Cyprus). Xylophagouis a prime residential location just set off the main motorway with easy access to Larnaca Airport. It is close to the sea but with its position above sea level it lends itself to cooler, less intense climate, than some of its coastal counterparts.

Xylophagou is a very welcoming place that retains the traditional atmosphere of old Cyprus but offers you all the amenities you need to live a completely modern lifestyle. Supermarkets, bars, traditional tavernas, schools, banks and pharmacies are all available in this lovely village.

The developer of the project, David Grant, is base in UK and has 26 years experience. He has designed a development of 54 apartments that consists of one, two and three bedrooms. Similar to other developments, the project offers refreshing communal pools, barbecue’s, pagoda’s and children play areas. HOWEVER, there are a few things that make this development stand out from the rest…

1. The entire project is being created in a manner that will allow for solar power to supply the electricity. It’s quite a paradox - Cyprus has the highest electricity costs in the EU and the most amount of sun… Why developers have failed to use solar power as a source of electricity (until now) is beyond me!

2. The project has its very own water well that will provided fresh, clean water to the entire development. With the shortage of water, rationings and the cost of a water truck to top up pools, you will be secure in the knowledge that this resource will mean that a basic necessity is provided!

3. The development will be built to new EU regulations and thus the property will be efficiently insulated. Any property that falls outside the regulations has been built (or will be built) to a lower standard. Ask anyone that lives in Cyprus – during the winter, homes are freezing and during the summer, they’re boiling hot. With the new build regulations, properties are more likely to be warm in winter and cool in summer!

4. Although this may seem like a small point, I think it’s a massively unique selling point…This developer has actually planned for CLOSETS. If you’ve never viewed properties in Cyprus before, it’s important to realise that most are built without closets, storage space or garages! This is the first developer that I’ve come across that actually has closets in the plans - and if you don’t believe how important this is, ask any woman!!

Prices start at €100,000 and the project completion date is 2010. If you’d like more information about this development (including the financials), give me a call on 0207 898 0549 or email me: Kim@CyprusBuyingGuide.com