LARGE RESIDENTIAL LAND PROJECT FOR 36 HOUSES WITH PLANNING PERMIT AND NO VAT – DEVELOPMENT OPPORTUNITY IN LYSOS, PAPHOS

TITLE DEED FOR THE LAND

This residential land parcel of approximately 23,000 sqm is located in the village of Lysos, in the Paphos district. The property represents an excellent opportunity for a structured residential development project.

The land is primarily situated within residential planning zone H3, offering strong building parameters residential construction, providing additional flexibility in planning and layout. The planning characteristics align with the surrounding area and support a well-organised residential development.

A planning permit for plot division is already in place, reducing development timelines and offering immediate potential for implementation. The property is offered with no VAT applicable, enhancing its overall investment appeal.

The size of the land, together with its zoning and planning status, allows for the development of a residential project of approximately 36 houses, such as the proposed Panorama Hills project. This makes it suitable for developers seeking a ready-to-advance project within the Paphos district.

Main points:

Total land area: approximately 23,000 sqm

Location: Lysos, Paphos district

Planning permit in place for plot division

Primary planning zone: H3 (93%)

Building density: 60%

Coverage: 35%

Maximum height: 8.3 meters

Secondary planning zone: G3 (7%)

Building density: 10%

Coverage: 10%

No VAT applicable

Development potential for approximately 36 residential houses

Suitable for a unified residential development project

Any photographs, markings, outlines, or other design on the photographs are indicative and for illustration purposes only.

Lysos is 15 minutes drive from Latchi Harbor and 30 minutes drive from Pafos town. The village is built on the hillside and the views to the Akamas Peninsula are exceptional. It has traditional coffee shops, tavernas and a small hotel. The Pafos forest starts from the edge of the village and extends up to Troodos mountains.

At an average altitude of 560 metres, the village of Lysos has existed since Medieval times with legends of the Medieval hero Digenis still told in the area. The village is located about 36 km northeast of Pafos, and can be reached by following the B07 route and then the E723.

The name of the village is believed to have its origins in the ancient Greek settlements in Asia Minor that settlers had brought to Cyprus, and an archaeological site in the area has unearthed tombs chiseled out of rock and geometrical vessels that further cement this theory. The name itself has archaic origins and originates from the Greek word "liono" as it was an industrial area for the melting of metals.

The village is one of the largest in the Pafos region, with its territory extending to the peak of Pafos Forest where the rare bird of prey - Bonelli's eagle - can be spotted, along with the shy and rare Mouflon - an endemic species of wild sheep found exclusively on the island.

Sights of interest in the village include its series of old churches, including the main church dedicated to Panagia Chryseleousa - constructed around the end of the 15th century or the beginning of the 16th century. The church is believed to have originally been a Latin temple since its two doors are decorated with blazons.

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