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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Tuscany or Moutayiakka for €1.3m? It’s a tough call ]

Tuscany or Moutayiakka for €1.3m? It’s a tough call

According to last week’s Sunday Mail, €1.3 million will get me a three-bedroom house in Ayia Anna, a four-bedroom villa under construction on the outskirts of Moutayiakka, or “a stunning ultra modern, five bedroom villa in Pano Argaka”. 

Flicking through the House & Home section of last weekend’s Financial Times (a notoriously downmarket publication), I see the same budget can get me a fully restored 17th century mill in the Tuscan countryside, with four bedrooms plus an annex in 13 hectares of land.

And if I’m feeling the pinch of the credit crunch and only have half that budget to spare, €620,000 will get me a four-bedroom renovated stone farmhouse in the south-west of France, plus two-bedroom guest cottage, large stone barn, 11m infinity pool and fabulous views – not to mention its own spring water and 59 acres of meadows, fields and oak woodlands.

So, €1,320,200 will get me a developers’ villa in Moutayiakka; €1,250,000 will get me a restored 17th century mill in Tuscany. It's a tough call, especially looking at the pictures of the respective properties.

Recession, what recession? With bargains like these, our property market has a bright future ahead.

Kosta Pavlowitch,

(Source: Cyprus Mail)
Copyright © Cyprus Mail 2008 Please contact Cyprus Mail for the copyright terms of this article.

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