Where to find a property for sale in Paphos
Cyprus is prospering again. Its superb climate - 330 days of sunshine a year - beautiful beaches and Anglo-friendly culture have kept it a firm favourite with families, retirees and also the yachting set.
The Paphos region - currently enjoy its status as 2017 Capital of Culture - in the west of Cyprus has been well loved by the British for decades for its fantastic beaches, good infrastructure and authentic villages – all within an easy drive of the international airport. There are around 30,000 permanent British residents in this tourist-resort oriented region, and Paphos receives more enquiries for rentals than anywhere else in Cyprus, according to holidaylettings.co.uk.
Investors also have their eye on Paphos - there is a new marina planned at Potima Bay between Kissonerga and Peyia. When built, it will have a capacity of 1,000 berths. This is on the back of various public-realm improvements in the run-up to the Capital of Culture year.
It was back in the run-up to Cyprus joining the EU the market began to boom in and around Paphos, and UK second-home owners Kouklia, Kato Paphos, Peyia, Coral Bay, Sea Caves – a low-density area with lovely views – and Tala for its charming traditional square and its exclusive suburb of Kamares. Most British buyers spend €200,000 to €250,000 on a villa with a pool.
Heading northwards, Polis and Latchi are further rental hotspots abutting the beautiful unspoilt Akamas peninsula where high-end properties at Akamas Bay command around €1 million; or inland, there’s Aphrodite Hills, arguably Cyprus’s most successful resort, where luxury villas (starting around €700,000) sit between world-class golf, spa and equestrian facilities. Apartments there cost from around €130,000.
An excess of stock in many of the coastal developments translates into great opportunities to buy a resale apartment or villa at the bottom end of the market. In coastal Paphos properties fell 20-35 per after the global financial crisis – inland this figure was 40 to 50 per cent. You can get older one-bed apartments for €60,000, or a three-bed villa in the popular area of Tala for around €180,000. If you want a brand new property, expect to pay more.
Paphos is the most Anglo-friendly patch of Cyprus and if that’s what you seek, it’s hard to go wrong. It’s also still a great place for a bargain when compared to the faster moving market of Limassol.
Use the bar above to search for a property for sale in Paphos
Claire Alderton speaks to us directly from her property in Paphos and explains why it's been the best decision of her life.
Fourteen years ago, Lynn and Tony Bell left behind their lovingly restored cottage in Yorkshire and moved to Peyia in the Paphos area of Cyprus. There have been ups and downs since then, but the couple are still very much in love with their adopted country.
We are kicking off 2017 with the top ten places to buy in 2017 and at number 7 is Cyprus, whose property market has been quietly prospering during 2016.