Interview with Jack Afik

Jack is the director of Afik Group and a friend of mine. He is building one of those large property developments in Famagusta area and I think he is doing it pretty well. Here is a quick interview I did with him last week:

Izzet: I know your Caesar Resort property development in Famagusta has been very popular. What is the current status of Caesar Resort? When are you delivering the keys?

Jack: We have already handed over the keys to the first 5 blocks and are now in the process of handing over the keys to the 6th block from phase 1 (96 apartments). We will start to handover phase 2 (about 100 apartments) from this August onwards. The site has really transformed over the last couple of months, the central building ground floor is now open and host the inside pool & Jacuzzi, with changing rooms, toilets and shower as well as the Gym and the Bar, which the bar should be running by June. The outdoor facilities now in place are; Amphitheatre, outdoor Gym, Children’s playground, established green areas. By the end of May one of the outdoor pools and children’s paddling pools will be ready. We are having an opening party on the 19th of June, it is going to be a great event and we hope to see you there.

Izzet: Your new project is now Sea & Sun Bay in Esentepe. Can you tell us a bit more about it?

Jack: I felt that it was very important to be able to construct for a wide range of purchasers. I appreciate that there is a market for people who want to retreat away from the hustle and bustle of everyday. Sea & Sun Bay Cyprus is like a small piece of heaven that fell to earth. The serenity is just breath taking. I have designed this project in a way that is affordable to everyone’s budget. Upon entering the project at a first glance you would think all construction are villas. The villas are along the sea front and behind, in a cul’de’suc design, are the villas which are split into 2 ground floor apartments and first floor penthouse, all with sea and mountain views. Prices start at £53,000, enabling the opportunity that you can live in one of the most beautiful locations regardless of your budget.

Izzet: Is there an open show house at Sea and Sun Bay?

Jack: There are 11 sea front villas and 22 villas split into 2 ground floor apartments and first floor penthouses. This project is under construction and has a fully furnished show villa. I am a couple of months away from finishing the ground floor and first floor penthouse, which will also be furnished as a show apartment. I anticipate that this project will be completed in 2 years time, along with the following site facilities:
• Gymnasium
• Swimming pool
• Coffee shop
• Snack Bar
• Mini-Market
• Tennis Courts
• BBQ and picnic areas
• Back-up generator for public area

Izzet: Lastly, what do you think about the North Cyprus property market in 2009?

Jack: I believe that Northern Cyprus is still the best place to invest. As a Developer I am confident in my projects and with the advantage of having my own capital to finance my projects this ensures delivery to my purchasers. I have a fantastic team that are all long standing and all with constructional background. We pledge to uphold our commitment and high reputation therefore ensuring that for Afikgroup 2009 will be as successful as 2008.

Izzet: Thanks for this quick interview Jack and we wish you good luck with your property developments.

You can get more information about Afik Group on www.afikgroup.com