YOUR LOCAL GUIDE FOR PROPERTY MARKET UPDATES AT HOME WITH

ISSN 2672-7765

Issue 1

PUBLISHER

Workshop Creative Agency

EDITORIAL

Editor in Chief | Yianna Charalambous Editors | Yiota Louca, Rachel Chrysostom Copy Editing | Joanna Papadaki

ART

Art Director | Stavros Anastasiou Senior Designers | Avraam Aristocleous, Alexia Odysseos, Andria Andreou TABLE OF CONTENTS PHOTOGRAPHY

Photographers | Art Photography by Ivony (Apostolos Demetriou), Giorgos Charalambous Photo Service | Shutterstock, Unsplash, C21’ NEWS 08 LIMASSOL EVENTS 40 All About Limassol News and Updates of the Company Events, festivals and fairs taking place each year

PRINT PRODUCTION

Pixart Printing THE LIMASSOL OLD PORT 10 ARMEFTIS & ASSOCIATES ARCHITECTS 42

Then & Now On creating powerful forms with high aesthetics

WELCOME THE CYPRUS INVESTMENT PROGRAM 12 OMODOS 44

TO THE The legislation and financial criteria One of Limassol’s most picturesque wine villages FIRST ISSUE OF 118 Ellados Str., 3041 Limassol, Cyprus T.: +357 25 727788 [email protected] AT HOME www.workshopcy.com MEET THE EXPERTS 16 MARKET POTENTIALS 48 WITH CENTURY 21 An introduction to the company Interview with Michael Valdes

© 2019 G.C.S. Workshop Ltd. At Home with CENTURY 21 is published twice a year. All rights reserved. THE BEST LISTINGS IN CYPRUS 27 WHY LIMASSOL? 50 Reproduction in whole or in part of any material in this magazine is expressly prohibited. Publisher reserves the right to accept or reject all advertising material. Upcoming projects located in Cyprus Why should someone invest in Limassol The authors’ opinions do not necessarily represent the opinion of the magazine’s management.

ISSN 2672-7765 TAKIS FELLAS 38 EXCLUSIVE PROPERTIES 52

On real estate and economy Only in CENTURY 21 portfolio

4 CENTURY 21® Cyprus At Home with CENTURY 21 5 EDITORIAL

MARIOS SPYROU

Our mission is to define mediocrity and deliver an extraordinary experience, dedicated to changing the Real Estate game and catapulting it into the next century.

Our vision is to constantly elevate expectations and deliver 121% to our customers in an increasingly competitive market. This is defined by our commitment to offering the most profitable solutions while at the same time minimizing investment risks.

Having successfully opened two offices in Limassol We pride in our team’s exceptional bond and positive our aim is to elevate further with near future plans of energy always serving to the highest of standards. “Our expanding our presence with additional franchise offices agents and staff are the most important step in our sales in Cyprus and Greece. and marketing procedure.”​

Apart from the professional activities, at​ CENTURY 21​ ​we offer an extensive, creative training process to everyone WE PRIDE IN which demonstrates the outstanding relationship we strive OUR TEAM’S to cultivate within our team of professionals. This process includes methods of learning, ranging from innovative EXCEPTIONAL sales techniques to non-verbal communication. The BOND AND brand is always adopting new trends and services that POSITIVE ENERGY hold significance to genuinely fulfill the client’s property needs. ALWAYS SERVING TO THE HIGHEST “Limassol is flourishing into a completely new era of OF STANDARDS. real estate experience and I am proud to be part of this impressive journey.” ​

Our success comes through building strong and The city is one of the most beautiful habitats in the resilient relationships with our customers. We believe in world, with the amazing mountain views on one side and individuality therefore listening and immersing with our crystal blue waters on the other. The history, culture and clients’ needs is the key to achieving results that exceed cuisine are enhancing to the ultimate lifestyle experience their wishlist essentials. ensuring valuable investment opportunities.

6 CENTURY 21® Cyprus KINDNESS IS NOT OVERRATED As one of the most recognized real estate brands in the NEWS world you can expect exceptional service and expertise. But this does not stop there. CENTURY 21 is one of the proud AND UPDATES sponsors of the charity organization of ‘One dream, One wish’ where we give back to the community, contributing to societal goals, engaging in the human efforts for kindness and always supporting the less fortunate. This year’s charity event was held at the Olympic Residence in Story by Rachel Chrysostom Limassol, Cyprus.

ADOPTING ALTERNATIVE TRAINING METHODS “Keep training and keep learning until you get it right!”.​ At​ CENTURY 21, training sessions are extremely important. As a unified culture LOCATION, where hard work is recognized, teamwork is fostered and rewarded and ​ LOCATION, LOCATION! where​ leadership is continually being developed. Challenges define Our new offices are opening in us, and we are passionate people with a relentless desire to learn and the Old Port area in the heart of innovate, engaging with a range of sales techniques from non-verbal Limassol. We continue to embrace communication skills to object handling, leaded by qualified trainers. strategic positions within the city centre, with a key spot opening in the Old Port, one of the most vibrant squares in Limassol. This extends further into our goal as a brand in terms of always looking to LUXURY PROPERTY SHOW expand our ​visibility,​ marking this EXHIBITION, SHANGHAI 2019 ‘hot spot’ as a peak in ​CENTURY CENTURY 21 is honored to be part of ‘LPS Shanghai 21’s timeline. 2019’, the largest international leading luxury real estate exhibition. This year, LPS will be held in Shanghai, China’s commercial capital welcoming over 200 luxury real estate companies, including CENTURY 21, where unique properties and estates will be presented to luxury home buyers in China. The exhibition will be showcasing properties from all over the world; Canada,​ UAE, France, Spain, Singapore, Malaysia and Cyprus.

At Home with CENTURY 21 9 The Origins spaces, as well as a wide promenade which connects THE LIMASSOL The Old Port of Limassol has been in existence for 65+ the Old Port to the nearby Limassol Marina, creating a years, since the time of British rule in the 1950s, when it linear element across the sea. A pedestrian bridge, which was created to be used as a commercial and passenger unfolds a level higher than the promenade, acts as an port. However, with the construction of the New Port in organizational backbone for the entire space, connecting 1979, and the rapid growth of the maritime industry, its a series of cantilevered buildings that project out over the OLD PORT: usefulness began to diminish, and its role was reduced sea and provide a unique sensation and visual perspective. to that of a small harbor for the likes of fishing and The entire complex was awarded the National Architecture THEN & NOW recreational boats. Award in 2016, for the category ‘Remarkable Architectural Project.’ As years went by, the signs of time became apparent, and the Old Port fell to disrepair, a ruined landscape to which The Old Port Today access by the general public was prohibited. It wasn’t until Today, the Limassol Old Port has established itself as a 2010, when the decision was made to begin with much- central meeting place for both young and old. It is also needed restoration works that the derelict area began to a unique culinary destination, home to a number of evolve, taking on a whole new appearance and creating a fine dining establishments where visitors can indulge meaningful connection between the city and the sea. in a variety of cuisines, from steak and seafood to Mediterranean and international flavors, all accompanied by the breathtaking views of the sea and the little fishing boats which bob along in the harbor. Locals and visitors TODAY, THE alike flock to the Old Port on a daily basis to enjoy a cup of coffee, a delicious meal, or a leisurely stroll against the LIMASSOL OLD backdrop of the deep azure of the Limassol sea. PORT HAS ESTABLISHED A touch of history Despite the dazzling new makeover, there are still elements ITSELF AS A that demonstrate how the Old Port has remained true to its CENTRAL MEETING original, humble fishing roots, and the small fishing boats PLACE FOR BOTH that dot the harbor are a testament to this. Indeed, it is these fishing boats that make up the Old YOUNG AND OLD. Port’s true charm and beauty, as a mid the picturesque yet modern landscape, the fishermen’s boats stand out, adding a quaint, traditional flourish to the area. The boats Restoration Works set out every evening and return to the harbor early in The major renovation and restoration project of the the morning, laden with the catch of the day, ready to be Old Port, which culminated in 2016, brought offices, enjoyed by patrons of the city’s shops and restaurants. restaurants, shops, a large The Limassol Old Port, located adjacent to the Limassol Marina, right in square, a pedestrian area, and a cultural events hall to the the heart of the city center, has, in recent years evolved into what has area, which soon began hosting become known as the jewel of Limassol, beloved by locals and visitors a number of activities year- alike. Despite its modernized appearance, however, the original image round. The redevelopment plans were designed by architect of the Old Port was a far cry from the buzzing, cosmopolitan tourist Chrysanthos Chysanthou, and center it is today. brought a breath of fresh air and renewal to the once-abandoned location. The redesign included the addition of twenty mixed- Story by Rachel Chrysostom use buildings and outdoor

10 CENTURY 21® Cyprus At Home with CENTURY 21 11 THE CYPRUS INVESTMENT PROGRAM

The Cypriot government, as part of its efforts and policies aimed at attracting foreign investment to Cyprus, has established a set of legislation and financial criteria that allows non-Cypriot high net worth individuals and investors, as well as their families, to obtain Cypriot citizenship through naturalization.

Story by Rachel Chrysostom

Since its inception, the Program has undergone a series Investors can apply for citizenship upon making an of modifications and enhancements, as recommended by investment of at least €2 million, which must be retained the Ministers of Finance and Internal Affairs, in an effort to for a period of five years, and a contribution of €150,000 make it even more targeted and trustworthy. Today, non- in total to the Research and Innovation Foundation of Cypriots who meet certain criteria and fulfill the terms Cyprus, and the Cyprus Land Development Association. and conditions outlined by the Government of Cyprus Prior to applying for citizenship, investors must hold a may apply for Cypriot citizenship and enjoy the benefits Cyprus Permanent Residence permit for at least six of being EU citizens. months.

12 CENTURY 21® Cyprus Available Investment Options The following investment options are available to persons seeking to participate in the Cyprus Investment Program:

• Investment of at least €2 million for the purchase of that are licensed by the Cyprus Securities and Exchange real estate, land development, or infrastructure projects. Commission (CySec). Should the investor decide to purchase commercial • Purchase or establishment or participation of at least €2 property, an additional purchase of at least €500,000 million in Cypriot companies or businesses operating in must also be made for a permanent residence in Cyprus. Cyprus, also including the shipping sector. • Investment of at least €2 million in Alternative Investment • A combination of the above investments that amounts Funds or Registered Alternative Investment Funds or to at least €2 million. financial assets of Cypriot companies or organizations

Terms & Conditions: • Investors must have a clean criminal record, a valid Schengen visa, and a Permanent Residence permit upon application. • Cypriot citizenship can also be granted to the spouse of the investor as well as the investor’s parents, financial dependent adult children, and minor children (under the age of 18).

Cyprus Permanent Residence Permit High-net worth individuals who have at their disposal a secured annual income that is high enough to allow for a high quality of life in Cyprus for themselves and/or their dependents without having to engage in business, trade or a profession on the island are eligible for a Cyprus Permanent Residence permit.

The requirements for a Permanent Residence Permit include:

• Evidence of a steady income from abroad of at least €30,000 from sources other than employment in Cyprus. • Minimum capital of at least €30,000 deposited in Cypriot banks and pledged for a period of at least 3 years. • Purchase of a residential property, the minimum market value of which should be €300,000.

Investors seeking a secure future for themselves and their families, both the Cyprus Investment Program and the Cyprus Permanent Residence Permit can open up a world of opportunities. Contact our expert sales team at CENTURY 21 who can offer guidance and assistance in finding the right investment to best suit your needs.

14 CENTURY 21® Cyprus MEET OUR TEAM THE EXPERTS

Story by Rachel Chrysostom VICTORIA DARIE SPIROS SOTIRIOU MICHALIS SARIDES

“Known for breaking down walls in “Commitment, dedication and “Real Estate is 121% a way of living. the market by being persistently willingness to go the extra mile, Setting a positive tone and projecting punctual and professional. Taking offering uniquely driven services my passion for the customer’s care and valuing the customer are for my customers, transforming ultimate success through accuracy CENTURY 21 Greece and Cyprus is the Master Franchisor We are committed to offer you the most profitable the keys to success in real estate.” transactions to interactions.” and speed is what helped me stand in the region, and part of the world’s largest real estate solutions and minimize your investment risks. We will out in the market.” organization. be on your side, in every step of the procedure up to the Closure and Beyond Closing with exclusive after-sales CENTURY 21® was founded in 1971 by California based service. real estate brokers Art Bartlett and Marsh Fisher. Today, CENTURY 21® and its franchising system is actively Our strong network of trusted legal partners, tax advisors increasing its presence and market share with international and financial consultants, will be by our side on every step operations in 82 countries, 129,000 brokers and sales of the purchasing procedure. associates in more than 9,700 offices.

MARINOS MICHAEL VALENTINOS MALAS PANOS MICHAEL

“Real estate is not just my job, it’s my “Prepared to embrace change Obsessed with creating a true passion. I love offering value to people and overcome all obstacles, customer experience and powerful who wish to work with professional exceeding customer expectations relationships with people who and committed people and that’s how and going beyond the standard trust my services. A natural online my clients describe me.” call of duty.” marketing and social media enthusiast.”

KRISTINA KRASAVINA MICHELLE ANTONIOU ADMED MELIHA

“Constantly seeking for new “Professionalism and commitment “Honesty and trust are the main methods to further develop my in giving the 121% to my clients. keys for a long term business professional and interpersonal Understanding the needs and relationship. Communication, skills. Elevating the purchasing building strong relationships knowledge and understanding process by creating personalised with my customers is one makes us achieve targets.” moments along every touchpoint.” of my top priorities.”

16 CENTURY 21® Cyprus At Home with CENTURY 21 17 OUR GLOBAL PRESENCE

82 COUNTRIES | 129,000 AGENTS | 9,700 OFFICES

Cape Verde New Zealand Saba Albania Lebanon Uruguay Morocco Papua Saint Kitts Croatia Qatar Venezuela South Africa New Guinea Saint Martin Cyprus Saudi Arabia Belgium Cambodia Anguilla Sint Maarten Czech Republic U.A.E France China Aruba Trinidad & Tobago Greece Bermuda Germany Hong Kong Cayman Islands Turks & Caicos Russia Canada Gibraltar Indonesia Curacao Islands Slovakia Mexico Luxembourg Japan Dominica Belize Slovenia USA Malta Mongolia Dominican Republic Costa Rica Turkey Argentina Netherlands Singapore Grenada El Salvador Bahrain Bolivia Portugal South Korea Guadeloupe Guatemala Egypt Brazil Spain Taiwan Jamaica Honduras Israel Chile United Kingdom Thailand Martinique Nicaragua Jordan Colombia Australia Puerto Rico Panama Kuwait Peru

18 CENTURY 21® Cyprus At Home with CENTURY 21 19 OUR OFFICES CENTURY 21 boasts two offices in Limassol, both in prime seafront locations overlooking the city’s golden coastline. INSIDE, THE SPACE HAS BEEN Story by Rachel Chrysostom TASTEFULLY DECORATED IN A WAY THAT IS REMINISCENT OF AN IMMACULATELY- DESIGNED HOME.

AGIOS TYCHONAS The main coastal road of Limassol is the city’s most upmarket area, home to high-end boutiques, swanky cafés and upscale restaurants. It is there that CENTURY 21 has made its second home. Situated in a prime location, just minutes from the azure blue coastline, and in close proximity to some of the island’s most glamorous hotels, this space is set to attract some of the island’s most affluent clientele.

In keeping with its stylish surroundings, this office space features a brightly lit façade and large windows that exude the warmth and luxury found within, and also allow for clear, seafront views.

Inside, the space has been tastefully decorated in a way that is reminiscent of an immaculately-designed home. Creating an elegant yet welcoming ambience, the office boasts luxurious touches, from the discreet gold flourishes to the warm lighting, as well as unexpected, whimsical details that are sure to delight.

58 Leoforos Amathountos, 4532 Limassol, Cyprus T. (+357) 25580030, 8000 8400

At Home with CENTURY 21 21 OLD PORT OFFICE The city’s newest bustling commercial hub is the transformed Old Port. Surrounded by vibrant cafés and ultra-modern office spaces, it is no surprise that the sleek, funky offices of CENTURY 21 have also made their home in this central location, right in the middle of all the action.

The contemporary, striped façade makes the space instantly recognizable to passers-by, and it enjoys views of the buzzing pedestrian walkway and the deep blue of the Mediterranean beyond.

FUNKY OFFICES OF CENTURY 21 HAVE ALSO MADE THEIR HOME IN THIS CENTRAL LOCATION. Walking into this sleek office space, clients immediately feel at home, thanks to the warm, welcoming vibe. Muted tones of grey and white are accented by strategic lighting, while plush, comfortable chairs offer visitors a cozy place to sit while discussing their property needs.

Limassol Old Port, Store IK, 3036 Limassol, Cyprus T. (+357) 25580030, 8000 8400

IT ENJOYS VIEWS OF THE BUZZING PEDESTRIAN WALKWAY AND THE DEEP BLUE OF THE MEDITERRANEAN BEYOND.

24 CENTURY 21® Cyprus THE BEST LISTINGS IN CYPRUS

Stunning upcoming projects located in Cyprus and listed in our wide range property portfolio.

26 CENTURY 21® Cyprus At Home with CENTURY 21 27 PEYIA, PAPHOS LIMASSOL

Cap St. George Blu Marine

Cap St. George resort, enjoys panoramic sea views lapping upon the beach Strategically located in the new center of Limassol, this sea-facing residential frontage. Ideal destination for anyone looking to relax privately, while also and office development offers a serviced lifestyle of comfort and convenience. enjoying lavish services and luxurious premises. Built to the highest standards, The property promises a lifestyle you will want to come home, today and for the featuring fresh and comfortable interiors under ambient natural light. future, while it lives up to a high standard of luxury.

28 CENTURY 21® Cyprus At Home with CENTURY 21 29 TSADA, PAPHOS LIMASSOL

Minthis NEO Merge these time-honoured aesthetic principles with the best of contemporary Significant residential landmark, set on the Limassol shoreline. Designed and design, creating refined cultural evolutions that evoke village life. Towering crafted by world-leading architects, embodying a modern and forward-looking windows frame the stunning views, natural materials are tactile and authentic, lifestyle anchored by the sophisticated and historic allure of the Mediterranean. while terraces and central courtyards invite peaceful reflection. Stylish fixtures and Defined by generous open plan layout that accentuate the light and unparalleled finishes create a personal home environment in an acclaimed luxury golf resort. views of the sea.

30 CENTURY 21® Cyprus At Home with CENTURY 21 31 AYIA NAPA PLATRES, LIMASSOL

Sun City GURU Dream location of powdery, soft sands and sparkling sea. Positioned on one of Escaping the demands of city life to an upscale private Mountain Resort the most popular stretches of coast in the south-east region of Cyprus. Offers in the cool mountains of Platres. Located 1065 meters above sea level a unique prospect for an ultra-lux lifestyle with added amenities and services of and surrounded by undulating cross-country trails, the Mountain the resort’s five star hotel. Residences are a nature lover’s paradise, with exclusive facilities and new service concepts

32 CENTURY 21® Cyprus At Home with CENTURY 21 33 AYIOS TYCHON, LIMASSOL PAREKKLISIA, LIMASSOL

Oyster Villas Sabai Spectacular and exclusive villa, with unique architectural expression, blending a A combination of glamour and elegance, with modern opulence distinctively modern approach with subtle classic elegance. Dominating the coastal on the seafront line. Built in a unique contemporary line, offering cliffs of Amathusia - one of the most ancient royal cities in the world, offering security the finest living experience with exotic gardens, panoramic and seclusion in a world-class villa environment with spectacular panoramic views to sea views lapping upon the beach frontage. Featuring fresh the far horizon. Developed with the highest specifications and using only the finest and natural interiors with ambient natural light and a spacious materials, the finish, and incomparable details. balcony overlooking the beach.

34 CENTURY 21® Cyprus At Home with CENTURY 21 35 AYIOS TYCHON, LIMASSOL MOUTTAGIAKA, LIMASSOL

Symbol Belvedere Exclusive beachfront living combining an innovative design and stunning Effortless comfort and functionality, contemporary built design outfitted with architecture. Being developed only a few metres from the crystal clear blue smart home elements, enjoying spectacular sea views. Designed with the highest waters of the warm Mediterranean Sea. Designed to virtually bring the stunning specification, using the very latest in construction technology and the finest Limassol sea-front vista into the living spaces, through the innovative use of materials creating a stunning property with an abundance of natural light, ultra- glass and expansive balcony spaces. modern exterior, and fully eco-friendly features.

36 CENTURY 21® Cyprus At Home with CENTURY 21 37 TAKIS FELLAS Financial Advisors “Growth Partners”.

Story by Yiota Louca

offered attractive tax incentives to foreign companies and/or individuals for relocating to Cyprus.

“Limassol has been experiencing the highest growth in the Cyprus real estate market.” Furthermore, the residency and passport schemes made available by the Government were major contributing factors to growth in the industry. Limassol, the most cosmopolitan and largest city on the south coast of the island, has probably benefitted the most. It has attracted lively foreign investment throughout the years and it is in fact home to many international businesses. “In this fast-changing world we live and operate, conditions Recently and primarily fueled by the government-backed and environments appear to be getting inevitably more investment incentives, it has been experiencing the highest complex, almost daily. It is no surprise then that businesses growth in the Cyprus real estate market, especially in the search for solutions to newly created challenges to allow them high-end residential property segment. to remain competitive and therefore, sustainable. WE, AT GROWTH Naturally, important questions arise, such as: How do you manage business growth? How do you plan for the future? PARTNERS, How do you differentiate from the rest? We, at Growth UNDERSTAND Partners, understand our clients’ needs and their needs are OUR CLIENTS’ our specialties. We know that the part of dealing with accounts and numbers is not a clients’ favorite, so we take over to allow NEEDS AND THEIR time and effort so that they can stay focused on what they do NEEDS ARE OUR best; run their business. SPECIALTIES.

Growth in the Cyprus real estate industry has occurred at a Limassol has a highly diverse mix of residential and commercial rapidly increasing rate. This was not only in terms of numbers properties that include landmark buildings. Its location, of units sold but also in terms of the design and quality of the healthcare, education, legal and transportation services have properties offered. This increase was driven by demand and contributed to the increased demand which has given rise also a pivotal role was played by the Cypriot tax system which to a strong property rental market sector.”

38 CENTURY 21® Cyprus LIMASSOL WINE FESTIVAL

This annual 11-day festival is held at the end of August and start LIMASSOL of September at the Limassol Municipal Gardens, attracting more than 100,000 visitors each year. The four major wineries in Cyprus as well as a number of small independent producers are all present at the Wine Festival, offering visitors a taste of their wares in unlimited amounts. Visitors can also enjoy traditional foods such as kebabs, smoked herring, ‘loukoumades’ and other delicacies, revel in local Cypriot song EVENTS and dance, and participate in traditional grape-stomping. Limassol is known for being a cultural hotspot, with a variety of events, festivals and fairs taking place each year that are sure to satisfy every Photo: All About Limassol (Official) taste and preference. Here are some of the upcoming highlights that you absolutely must not miss! LIMASSOL MARATHON

The OPAP Limassol Marathon is one of the island’s largest

Story by Rachel Chrysostom sporting events, which takes place in March of each year. Known for its flat terrain, covering much of Limassol’s picturesque coastal road, it is an ideal event for runners of all levels, and a perfect opportunity for serious runners to achieve their personal best. The OPAP Limassol Marathon offers six race distances, including the professionally accredited full and LIMASSOL CARNIVAL half marathon races, the 10K Energy Race, the 5K City Race, and the 5K Corporate Race. An explosion of fun and color, the Limassol Carnival is certainly a sight to behold. It starts 10 days before Lent, when musicians and dancers fill the streets and squares, and dress-up parties are hosted across town, and culminates in the big Sunday Parade, a day before the start of Lent. The day-long event takes place all along RUSSIAN-CYPRIOT FESTIVAL Makarios Avenue in Limassol, with revelers dancing away all through the night. For the past 12 years, the Russian Embassy in Cyprus, the Limassol Municipality and the Russian newspaper Vestnik Kipra combine forces to organize the biggest event in the EU dedicated to friendship with Russia. The Russian-Cypriot Festival, which takes place every June, aims to celebrate the close relationships between the two cultures, and includes exhibitions from more than 70 companies, as well as performances by LEMESIA FESTIVAL EUROPEAN DANCE FESTIVAL Cypriot and Russian dancers, singers and musicians.

Lemesia is one of the island’s biggest annual international An annual highlight of the European arts and culture scene, sporting events, which takes place every October in the European Dance Festival takes place every May and CYPRUS FILM DAYS Limassol. Though it is focused on professional athleticism, it hosts competitions among dance troupes from Cyprus also aims to promote sports participation to Limassol locals. and other European countries. Each troupe represents An annual festival beloved by cinephiles across the island, The 10-day festival brings athletes from around the world to their country’s contemporary dance trends with unique Cyprus Film Days is organized by the Cultural Services of compete in a number of disciplines, such as boxing, karate, choreographies and innovative stage sets. The event is the Ministry of Education and Culture together with the Rialto triathlon, marathon, shooting, rhythmic gymnastics, and organized by the Ministry of Education and Culture and Theater of Limassol in April of each year. Viewers can watch cycling. Other exhibitions, from art to photography, are also the Rialto Theater, with the cooperation of the embassies of screenings of internationally acclaimed European and Asian Photo: All About Limassol (Official) held at the same time to showcase Cyprus’ sporting history. participating countries. films, as well as Cypriot productions.

40 CENTURY 21® Cyprus At Home with CENTURY 21 41 ARMEFTIS & ASSOCIATES ARCHITECTS

Creating powerful forms with high aesthetics and standards which offer new experiences and transformation of typologies in a contemporary way, are important aspects of our design philosophy

Story by Yiota Louca

We have been experiencing the emergence of tall buildings service innovation, as well as creating powerful forms with high in Cyprus, after a variety of urban incentives that have been aesthetics and standards which will offer new experiences and introduced along with the citizenship program made Limassol transformation of typologies in a contemporary way, are other the first choice amongst investors’ preferences. important aspects of our design philosophy. Also, blurring the boundaries between indoor and outdoor spaces, integrating Limassol has the characteristics of a contemporary coastal green areas and planted green roofs on buildings, exemplify metropolis. our approach towards bioclimatic design combined with With a rich history and a vibrant culture, the city combines the energy-saving solutions. The Oval, The Gallery, Blu Marine, old with the contemporary, the respect for culture with the and Guru are all examples of projects that embrace this. strive for innovation. Cypriot cities, in general, have a degraded urban landscape and do not have an identity. Limassol, in recent years, however, has sought to stand out by reclaiming LIMASSOL, JUST its identity as a littoral, historical city. Mainly, the above can be LIKE MARSEILLES, proven through the recent projects and infrastructure that have SHOULD BECOME A emerged on the coastal front, as well as by the redevelopment of the old Port, the creation of the Marina and the pedestrian FINANCIAL CENTRE crossings in the Castle area and the wider city center. OF THE EASTERN MEDITERRANEAN. Our design philosophy. Our architectural firm designs buildings and solutions that accommodate a central idea. It brings together a variety of The final design should thus be an outcome of moderation, parameters, such as integrating the building into the context, balance and harmony; it is no coincidence that Architecture blending it with the environment and the landscape. Customer has been characterized by many as ‘frozen’ music.

42 CENTURY 21® Cyprus OMODOS Omodos, one of Limassol’s largest, most picturesque wine villages, is located at a distance of 42 kilometers from the city of Limassol, at an altitude of 800 meters in the Troodos Mountains.

Story by Rachel Chrysostom

One of the most traditional and charming villages on the trees. It houses traditional coffee shops, souvenir shops, island, Omodos has existed since the Frankish period, with recreation centers and small taverns, making it a perfect variations of its name – from ‘Homodos’ to ‘Homoclos’ spot for a stroll through the shops or a delicious meal or appearing on old maps from that era. drink while gazing out at the village beyond.

Steeped in tradition Omodos is also home to a medieval grape press, or ‘Linos,’ Famous for its vineyards and the production of fine wine where one can get up close and personal with the village’s and ‘zivania’ spirit, residents of Omodos also produce a longstanding wine-making tradition. variety of other traditional must and wine-based products. One of the most famous delicacies to come from Omodos Also worth visiting are the museum dedicated to the are the ‘arkatena’ bread, a traditional bread fermented with National Liberation Struggle, which details the significant chickpea yeast, which gives it a special aroma and flavor. THE OMODOS contributions the village made to the liberation struggles The women of the village are also well-versed in the art VILLAGE SQUARE against the British in 1955-1959, and the Folk Museum, of embroidery, having for centuries created delicate located within the Monastery, which preserves various decorative items with thread, from tablecloths and quilts, IS ONE OF THE elements of folk tradition and allows visitors to peruse a to doilies and lace. ISLAND’S OLDEST home that is an exact replica of village life in the previous AND MOST century. Things to do Despite its small size, Omodos has a selection of PICTURESQUE. Sample some local wine interesting sights to keep visitors busy. From the cobbled Famous for its fine wine from the time of Ottoman streets to the impressive village square, the local wineries rule, Omodos has always had winemaking and vineyard and the monastery of the Holy Cross, there is no shortage A short distance away, visitors can also admire the jewel of cultivation as its main economic activity. Vineyards of things to do and sights to take in. Omodos, the imposing Monastery of the Holy Cross. This cover more than 5000 acres across the village, and the majestic monastery is one of the oldest and most historic mountains ‘Afamis’ and the area of ‘Laona’ are hosts to the The Omodos Village Square is one of the island’s oldest on the island, likely established before Saint Helen’s arrival island’s oldest vines, offering excellent quality production. and most picturesque, and possibly one of the largest, with in Cyprus in 327 A.D. Its ancient icons and impressive Visitors can sample local tipple at the several large and an area of 3000 square meters. Dating back to 1910, the wood carvings within a huge, two-level complex of stone- small wineries located across Omodos, the wines of which cobbled square is surrounded by traditional homes with built cells and cellars complete with vaulted arches make often participate in international competitions and have flowering balconies, and framed by towering sycamore it a truly awe-inspiring site. repeatedly been awarded top-class distinctions.

44 CENTURY 21® Cyprus At Home with CENTURY 21 45 DESIGN 5 ITEMS 4 Spice up your living with these signature 2 design items from Salt & Pepper in Limassol.

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1. MOGG ‘7 Pillows’ wooden armchair with padded seat 2. MOGG ‘Tribeca’ floor lamp designed by Marzia & Leonardo Dainelli 3. MOGG ‘Big Hug’ Bed designed by Claudio Bitetti 4. PILIFORM ‘Gentleman’ Armchair with armrests 5. MOGG ‘Adelaide’ Metal bookcase designed by Claudio Bitetti 6. MOGG ‘Illusioni Coffee Table’ designed by Sebastian Tosi *All items can be found at Salt & Pepper in Limassol, T. 25 580044

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46 CENTURY 21® Cyprus What does your role as Senior Vice President of Global What are the emerging trends in the world property Servicing for Realogy Corp. entail? market right now, and how do you expect it to evolve in the foreseeable future? I have been with Realogy for the last 15 years and it has MARKET been my honor to now run all the international offices for The answer to this depends on the demographics of the all brands including CENTURY 21, Sotheby’s International buyers. Millennials and Gen X and Y are still looking for Realty, Coldwell Banker, ERA, Better Homes & Garden, green and sustainable architecture in their homes. We POTENTIALS Corcoran and Climb. have seen this trend continue on a global scale. I think baby boomers are still looking at comfort and technology. My primary focus is to increase the footprint for the Smart homes continue to evolve at a rapid pace. To think BY MICHAEL VALDES particular brand in a marketplace and help them grow that only a decade ago if we told someone we could open Senior V.P. of Global Servicing for Realogy Corporation their business to be more profitable. I came from a the door of our home, put on the thermostat, look inside banking background having spent 10 years at Deutsche our refrigerator to see what groceries were missing and Bank so I am focused on growth and making sure that the individual representing our brands are serving the Michael Valdes is Senior V.P. of Global Servicing for Realogy end consumer with humility and grace in helping them Corporation, the parent company for CENTURY 21, and other globally achieving their dream of home ownership. recognized brands in the real estate industry. He shares his insights CYPRUS AT THE Realogy is a global franchiser of some of the world's MOMENT HAS THE on the market potential of Greece and Cyprus, as well as the emerging most recognized brands, and Reology-affiliated brands BEST INVESTMENT trends he sees in the world property market today. have more than 16,300 offices across 113 countries. Can you tell us a few words as to how the CENTURY 21 PROGRAM franchising in Greece and Cyprus came about? AVAILABLE FOR Story by Rachel Chrysostom CONSUMERS Those 113 countries also represent 300,000 agents around the world. I am someone who has loved Greece SEEKING for a long time. I have visited many islands including RESIDENCY Mykonos, Skiathos, Ios, Hydra and Santorini just to name IN ANOTHER a few. It is probably one of the most beautiful places on earth. It has always attracted a global clientele and it COUNTRY. made perfect sense to have a global brand like CENTURY 21 capitalize on the opportunity.

Additionally, Cyprus at the moment has the best turn on the television all from our phone and not being investment program available for consumers seeking anywhere near the home, they would have thought it residency in another country. We have seen this program was something out of a science fiction movie. Now, it’s truly prosper over the last few years. expected and the technology needs to keep up with our demands and comfort levels as they evolve. What are your views on the potential of these two markets (Greece and Cyprus), and how the franchise is Finally, have you ever visited Cyprus, and if not, do you expected to develop? have any plans to make a trip here?

As mentioned above, I think there is great potential for I have visited Greece many times and plan to go there again growth in both markets. Greece had a difficult economic on my holiday in June next year. I have not had the honor time, but the resilience of the Greek people is second to of visiting Cyprus yet but I plan to visit in May and already none. The economy has vastly improved. Realogy has other have many dear friends on the island, so even though I brands operating in the country and it has been one of have never been there, I will have the feeling of coming our fastest growing territories in recent years. We are very home. I embrace the culture, food and love that the Greek excited to support the growth of C21 Greece and Cyprus. and Cypriot people have always offered the world.

48 CENTURY 21® Cyprus At Home with CENTURY 21 49 An ever-changing skyline Thanks to a steady rise in the demand for real estate, the Limassol skyline is constantly evolving, with new projects and modern developments being introduced that set new standards in construction and contribute to the previously untapped lifestyle of luxury island living. This is seen in the numerous sky-high, beachfront towers that are rising rapidly in Limassol, but also in a number of landmark developments that are focused on enhancing rather than diminishing the natural beauty for which the city is famous.

A hub of commerce and investment Apart from being a major tourist destination, Limassol is also home to a bustling business community, and also a hub of commerce and investment, with numerous international businesses choosing it as the centre of their operations. The city currently boasts a strong shipping sector, an abundance of Forex companies and international banks, and will also be the home of the island’s first casino. Among Limassol’s competitive advantages are its coastal WHY beauty, its diverse international population and skilled workforce, as well as the friendliness of its citizens. This, combined with Cyprus’s attractive tax incentives have LIMASSOL? made it the ideal city for investors to grow their businesses. A high quality of life Limassol, the fastest developing and second largest city in Cyprus, is From day to night, there is no limit to what one can renowned for its vibrant atmosphere and high quality of life, its rich experience in Limassol. From the luxury Limassol Marina THANKS TO and colorful history, as well as its thriving commercial center that to the plethora of four- and five-star hotels; the energetic 340 DAYS OF festivals to the ancient museums and monuments; the caters to a large and diverse international community. SUNSHINE, AND gourmet restaurants to the nearby nature trails in the Troodos mountains; the secluded beaches to the winding THE CONTAGIOUS, roads of the Old Town, Limassol offers the best in quality

Story by Rachel Chrysostom BUZZING living. All amenities are within easy reach for residents, LIVELINESS FOR including excellent healthcare facilities, and a variety of private schools and universities to choose from. It is also Spread out across a beautiful azure coastline, Limassol Thanks to 340 days of sunshine, and the contagious, WHICH THE CITY IS conveniently located close to both of the island’s airports, encompasses everything one looks for in a beachside town, buzzing liveliness for which the city is famous, Limassol FAMOUS, LIMASSOL Larnaca and Paphos. combined with the air of a cosmopolitan city. A truly diverse residents can enjoy a plethora of activities – from hotspot, Limassol boasts some of the region’s best private soaking up rays on the beach, an evening of fine dining RESIDENTS CAN This eclectic mix is what makes Limassol an ideal place to schools and hospitals, a stylish marina, and a bustling designer at international restaurants, to a range of watersports, ENJOY A PLETHORA live, all the while enjoying the peace of mind that comes shopping district. Bars, high-end restaurants and bistros serve cycling, or a drive through the Troodos Mountains and OF ACTIVITIES. with living in one of the safest cities in Europe. up delicious, international cuisines, while luxury shops and picturesque villages. boutiques offer shoppers the finest names in fashion.

50 CENTURY 21® Cyprus At Home with CENTURY 21 51 EXCLUSIVE PROPERTIES These properties can only be found in the portfolio of CENTURY 21.

CY01- 1739 | Limassol Marina The apartment is part of the ultimate waterside living of the full-service Limassol Marina. Residents enjoy an enticing mix of restaurants and shops, spa and fitness club, with exclusive access to the beach, communal swimming pools, private parking and storage and much more.

Bedrooms: 2 Total Area: 148 Bathrooms: 1 Toilets: 2 Parking: 1

Price: €950,000

CY01-1041 | Agios Tychon Stylishly designed apartment, fully furnished and equipped with special attention and care. Situated close CY01-1301 | Germasogeia by the idyllic beachfront road of Amathounda within close Contemporary design, located in a peaceful residential proximity to upmarket facilities, the St. Raphael Marina area of Germasogeia with paramount privacy, and Yacht Club, and fine restaurants. Offering maximum security. The property enjoys views of the mountain secureness and comfort, striking uninterrupted sea and it has easy and quick access to the motorway view and access to lusciously landscaped gardens with a linking all major towns on the island and a few minutes private swimming pool, gym and children’s playground. drive to the city center and the beach.

Bedrooms: 1 Total Area: 78 Bathrooms: 1 Bedrooms: 3 Total Area: 434 Bathrooms: 2 Toilets: 2 Parking: 1 Toilets: 2 Parking: 1

Rental Price: €1380 / month Price: €399,000

52 CENTURY 21® Cyprus At Home with CENTURY 21 53 CY01-1684 | Petrou & Pavlou CY01- 1626 | Petrou & Pavlou Newly renovated house with tastefully selected materials Convenient location, luxurious finishes and high end and astonishing flair in a quiet residential area. An excellent features. Offering elegant and fabulous facilities is a central location of Limassol with easy access to many sanctuary of serene living in the heart of Limassol. With restaurants, cafes, bars, shops and business centers. every attention given to detail and functionality, the Perfect for those who prefer living in a small yet convenient apartment manages to create a stunning and comfortable house with their own piece of land as opposed to living in living environment. Ideal for individuals, couples, and an apartment building. This house has the potential to be families. used for alternative purposes such as offices.

Bedrooms: 2 Total Area: 122 Bathrooms: 2 Bedrooms: 2 Total Area: 122 Bathrooms: 1 Toilets: 2 Parking: 1 Toilets: 2 Parking: 1

Price: €270,000 + vat Price: €199,000

CY01-1564 | Potamos Germasogeias CY01-1433 | Panthea Project with all relevant permits, architectural plans and Contemporary design, prestigious location. Situated in 3D renderings for a secure residential development a quiet residential neighborhood, near a wide range of comprising of 4 spacious luxury 3-bedroom apartments. amenities, with direct access to the highway. Built to the Located in an advantageous position within 5 minutes highest standards with high-end materials, luxurious walking from the beach, Kolonakiou and Christaki Kranou finishes and naturally enlighted interiors offering an Avenue, easy access to highway, close to a range of ultimate, unique experience. Ideal for those seeking a amenities, supermarkets, and schools. valuable investment or a comfortable permanent living.

Plot area: 585 sqm Building Density: 80% Bedrooms: 3 Total Area: 132 Bathrooms: 1 Building Coverage: 45% Toilets: 2 Parking: 1

Price: €760,000 Price: €265,000 + vat

54 CENTURY 21® Cyprus At Home with CENTURY 21 55 CY01-1056 | Mesa Geitonia CY01-1349 | Agios Nektarios Stylish design, functional interiors with paramount Centrally located four-storey building with high rental comfort and privacy. Situated in a residential building of income potential. The building consists of 5 spacious, ten apartments, located in central Limassol, within close stylishly renovated two-bedroom apartments, with proximity to amenities, schools and first-rate medical carefully selected finishing touches. Ideally located in facilities and with easy access to the highway. Built to the a quiet residential area of Ag. Nektarios, with a range of highest standards with quality materials, luxury finishes amenities, business institutions, and schools being within and naturally enlighted interiors. Ideal for those seeking a walking distance. valuable investment, in the heart of Limassol.

Bedrooms: 8 Total Area: 517 Bathrooms: 4 Bedrooms: 2 Total Area: 101 Bathrooms: 1 Toilets: 4 Parking: 2 Toilets: 2 Parking: 1

Price: €950,000 Price: €210,000 + vat

CY01-1191 | Limassol Marina Exclusive two-bedroom apartment situated in the heart of CY01-1409 | Kato Polemidia Limassol Marina which enjoys the ultimate waterside living Building on a plot of 525m2, located in prime commercial experience, uninterrupted views of the Marina and the area Kato Polemidia. Benefits from easy access to the sparkling Mediterranean Sea. Benefits from direct access highway, Ypsonas industrial area and the port. The asset to a full-service Marina, with an enticing mix of restaurants, falls within Commercial Planning Zone with a building shops, spa, and fitness club. With exclusive access to the density coefficient of 100% and a coverage coefficient of beach, private parking and storage. 50%, 3 floors, and 14m maximum height.

Bedrooms: 2 Total Area: 130 Bathrooms: 2 Total Area: 525 Building Density: 100% Toilets: 2 Parking: 1 Building Coverage: 50%

Price: €850,000 Price: €620,000

56 CENTURY 21® Cyprus At Home with CENTURY 21 57 CY01-1631 | Agios Tychon CY01-1475 | Green Area Convenient location, within walking distance to the beach. A delightful combination of impressive wood millwork -a Only a few minutes walk from various restaurants, cafes, strong point of reference to the residence’s aristocratic, and places of entertainment for the whole family. The classic design. All of the residence’s bedrooms and house offers spacious living areas in tip-top condition. Ideal common spaces feature unique touches of antique for those who want to live in a home close to all facilities style and comfort, with a range of indoor facilities and and amenities and enjoy the best of Limassol. spectacular sea views from the master bedroom.

Bedrooms: 3 Total Area: 192 Bathrooms: 1 Bedrooms: 6 Total Area: 550 Bathrooms: 6 Toilets: 2 Parking: 2 Toilets: 8 Parking: 3

Price: €380,000 Price: €1,900,000

CY01-1560 | Agios Tychon Astonishing view of the sea, offering the ultimate lifestyle CY01-1730 | Limassol City Center experience. Located along the beachfront, very close to Stunning apartment located in the heart of Limassol city the best restaurants, hotels, and places of entertainment center. Contemporary design offering ultimate comfort Limassol has to offer. The apartment enjoys cozy living and style, while the location allows residents to enjoy areas and very practical design. Excellent investment for everything the area has to offer, without the overly busy those looking to rent out a property and live the dream in a commotion of the city. Situated within walking distance beachfront apartment. surrounded amenities.

Bedrooms: 2 Total Area: 434 Bathrooms: 2 Bedrooms: 2 Total Area: 100 Bathrooms: 1 Toilets: 2 Parking: 1 Toilets: 2 Parking: 2

Price: €365,000 Price: €265,000

58 CENTURY 21® Cyprus At Home with CENTURY 21 59 CY01-1662 | Pyrgos CY01-1720 | Agios Sylas Built within the most exclusive beachfront residential Designed with astonishing flair and attention to details. complex in Limassol. Offering the finest living experience Located in the upcoming area of Agios Sylas this 3 with exotic gardens, panoramic sea views lapping upon bedroom home enjoys spacious living areas, a roof garden the beach frontage. Access to amazing facilities, such and a spectacular view of Limassol town. Ideal investment as private security, an amazing swimming pool, and an for a family seeking a home close to many amenities and inclusive gym. Carefully selected natural materials and access to the highway. high-end finishes.

Bedrooms: 3 Total Area: 207 Bathrooms: 3 Bedrooms: 3 Total Area: 555 Bathrooms: 1 Toilets: 2 Parking: 2 Toilets: 2 Parking: 1

Price: €310,000 Price: €1,700,000

CY01 -1402 | Potamos Germasogeias Located in a quiet residential area close to all necessary amenities, easy access to the motorway and with short CY01- 1450 | Agios Ioannis driving distance from the city center, the beach and all main Industrial style apartment, the perfect choice for people attractions. Designed to accommodate the expectations with a unique style and way of living. The property enjoys of homeowners who value a superior quality of life and comfortable, naturally enlighted interiors with a precise appreciate everyday modern comforts. selection of materials that ensure quality and aesthetic.

Bedrooms: 2 Total Area: 102 Bathrooms: 2 Bedrooms: 2 Total Area: 102 Bathrooms: 2 Toilets: 2 Parking: 1 Toilets: 2 Parking: 1

Price: €290,000 Price: €230,000

60 CENTURY 21® Cyprus At Home with CENTURY 21 61 BENTLEY CONTINENTAL GT The most advanced Bentley model ever built

Story by Yiota Louca

A stunning showcase of craftsmanship and design, The new GT is built on an impressive chassis and a the Bentley Continental GT is the car that sparks the stunning electrical architecture, with a 6.0 litre, twin- quintessential notion of luxury. An exceptionally powerful, turbocharged, W12 engine, with an 8-speed dual-clutch beautifully designed model that brings forward a thrilling, gearbox for ensuring the smoothest acceleration and innovative performance. transition between gears.

Its design features clean lines that evoke an effortless sense The model can accelerate to 60 mph in merely 3.6 seconds of speed and an evoking presence. Its pre-programmed and deliver a phenomenal top speed of 207 mph using exterior lighting welcomes you upon unlocking, while the its sixth gear, making it known as “the most advanced interior lighting can be configured upon the driver’s mood 12-cylinder engine in the world”. and preference. The model’s design brings together the best of Bentley features, the Bentley Rotating Display, the An expression of worldly elegance, the new Continental Matrix LED lights, a 12.3in high-resolution touchscreen, a GT effortlessly and beautifully leaves a historical mark in 48V Active Roll Control system sensor, night vision, and Bentley’s timeline. WiFi. The centre console is inspired with a sleek finish by the ‘Cotes de Genève’ finish used inside mechanical Build your own Continental GT with 15 different interiors wristwatches. to choose from, at a starting price of €180,000.

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