VISIT TO KLEANTHIS SAVVA IRANIAN OFFICE

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Client Newsletter June 2017 Issue 6 Welcome to our June Newsletter! VISIT TO KLEANTHIS SAVVA IRANIAN OFFICE Amin our Sales Executive recently visited our Iranian office in Tehran to meet up with prospective new clients. While there he met with some of our associates, to discuss business opportunities, and possible new agreements. We have always had extremely good connections with Iran and many clients who wish to purchase property for permanent Residency. Since Amin s visit in May we have just confirmed the sale of 4 brand new apartments to his clients.

AVAILALBE PROPERTIES ANARITA LUXURY VILLAS 2 3 Bedroom Villas, Anarita Village, Pafos Anarita Luxury Villas 2 is a luxurious villa project which comprises 9 exclusive well-presented 3 bedroom villas. These properties have a modern contemporary design with distinct Mediterranean features. The project is conveniently situated on the outskirts of Pafos, in the highly sought-after area of Anarita; peaceful living in a picturesque village where time stands still, preserving nature, culture and tradition. All villas will be built to the highest standards featuring private pools, spacious interiors and verandas, large landscaped gardens, luxury finishes, open sun terraces, and light filled areas. Covered living areas : 126-141 m² Covered verandas : 3-17 m² Uncovered verandas : 17-34 m² Plot sizes : 381-449 m² Marble beige aluminium Water pressure system Private swimming pool (4mx8m) w/ roman steps & shower Tiled parking area with pergola style open roof Provision for A/C Quiet residential area Short walk to all amenities Short drive to Pafos town Ideal 2nd home or permanent living Facilities: Pafos Town: 11km Beach: 5km School: 0.5km Golf Courses: 10km Pafos Airport: 5km

RESALE PROPERTIES TALA GARDENS 2 - APT. C205 TALA GARDENS 2 - APT. C205 - (SAVP227) Tala Village, Pafos Top floor 2 double bedroom apartment Covered living : 77 m² Covered verandas : 14 m² Sold fully furnished with kitchen appliances Master bedroom with an en-suite toilet / shower room Family bathroom Open plan kitchen / living room Communal lift Large kidney-shaped communal swimming pool Landscaped communal area Private covered parking Separate 8 m² storage space on ground floor Above the pool Unobstructed panoramic sea views View of the natural ravine Facilities: Airport: 20km Town: 9km Beach: 7km School: 1km 145,000

RESALE PROPERTIES MELANOS HEIGHTS 2 - Townhouse A1 Townhouse A1 (SAVP#850) 3 Bedroom Townhouse with Studio Apartment Chloraka Village 3 Bedroom Townhouse with Studio Apartment 2 Bathrooms & 1 Guest Toilet Covered Living 146m² Covered Verandas 14m² Uncovered Verandas 8m² Partly Furnished Fully Fitted Kitchen with Electrical Appliances A/C Units Roof Garden 15m² Communal Swimming Pool Private Covered Parking Stunning Sea Views Quiet Location Close to Amenities Facilities: Airport: 20km Town: 5km Beach: 3km School: 1km REDUCED PRICE : 210,000

RESALE PROPERTIES MELANOS HEIGHTS 2 - Townhouse B1 Townhouse B1 (SAVP#655) Chloraka Village, Pafos 2 Bedroom Townhouse with Studio Apartment Covered Living : 136m² Covered Verandas : 14m² Uncovered Verandas : 8m² Fully Furnished including A/C Units Roof Garden 15m² Communal Swimming Pool Private Covered Parking Stunning Sea Views Quiet Location & Close to Amenities Facilities: Airport: 20km Town: 5km Beach: 3km School: 1km REDUCED PRICE : 220,000

Cyprus to establish Academy of Sciences, Letters and Arts The cabinet has approved a bill proposing the establishment of a Cyprus Academy of Sciences, Letters and Arts, meaning the country will now be able to participate in important international scientific and cultural events. Cyprus will soon have its own Academy of Sciences, Letters and Arts that will contribute to the emergence of excellence, spiritual progress and achievements of our country, said minister of education and culture Kostas Kadis. The ministry said the procedure for establishing the academy was presented at an official ceremony last November at the presidential palace in the presence of its founding committee. Cyprus was one of the few European countries that until now has not had such an academy. The founding committee of the academy includes Nobel Prize Winner Sir Christophoros Pissarides physicist Loucas Christophorou, chemist Kyriacos Nicolaou and archaeologist VaSsos Karageorgis. The committee has voluntarily undertaken the preparation of an in-depth study on the academy s mission and activities, form and status and the resources required. The academy will be modelled on other European and international academies. Its objectives include the international promotion of the work of Cypriot scientists, the promotion of excellence, facilitating cooperation between Cyprus leading intellects, supporting education, giving the state scientific advice and strengthening cooperation between local industry, universities and research centres. The academy will also promote the development of research and innovation in Cyprus, the institutionalisation of awards, the representation of Cyprus in international scientific forums, the publication of a scientific journal and the publication of announcements and research. The bill approved by the cabinet will be submitted to the House as soon as possible. Cyprus and Israeli plan their largest-ever military exercise The largest land-based exercise between the National Guard and the Israeli special forces will take place in the coming days in several areas of the Troodos mountains. The exercise, part of the defence cooperation that has developed in recent years between the two countries, will mainly focus on scenarios for occupying and liberating villages and survival strategies.

The presence of Israeli commandos is expected to be impressive, as this is the first time such a large number of Israeli soldiers will attend a military exercise in Cyprus. Advisor to the defence minister, Maro Theodotou, was unwilling to confirm any details of the joint military exercise. This week s exercises follow a three-day joint military exercise between Cyprus and Israel which took place between March 20 22, as part of the agreement for military co-operation between the two countries. The Onisilos-Gideon exercise was held inside the Nicosia flight information region and also incorporated a large section of territory. A large number of National Guard personnel took part as well as numerous Israeli air force aircraft, which tested Cypriot air defences. Onisilos-Gideon was the biggest since 2014 when the two countries agreed to hold joint exercises. New Paphos-Polis road finally approved The Cyprus government has approved plans for the creation of the long-awaited Paphos-Polis dual road while approving works to improve the existing road. According to the plans, the road will be have two lanes with a provision to expand into a carriageway way at a later stage. The 60 million project (excluding expropriations), was presented to the House Communications Committee on Friday by Finance Minister Harris Georgiades and Communications Marios Demetriades. According to the project timetable, tenders will be called for at the beginning of 2018 with the aim of the project to start towards the end of the same year. The road will pass along Ayia Marinouda, just 7km east of Paphos, and will connect the village of Stroumbi with the Limassol-Paphos motorway. In other words, motorists wanting to head to Polis will no longer need to cut through Paphos but will instead turn off just before the town and head north toward the village of Stroumbi to then connect to the road all the way to Polis. Apart from the interchange on the Limassol-Paphos motorway, the new road to Polis will also feature two tunnels 730m and 290m long respectively, five bridges, two overpasses and five underground crossings. The plans have been approved by the cabinet. The budget for 2018 makes provision for 6m for the project which is the down payment to the contractor, said Georgiades adding that the amount excludes the amount for expropriations. It was also revealed that the first phase of the Limassol-Saita road as well as the Nicosia perimeter road were expected to start in 2018. We hope you enjoyed reading this Newsletter! With very best wishes Kleanthis Savva Group