Flats and apartments in Paphos

Buying a flat in Cyprus is a great opportunity to get a place to live, holiday, study abroad - and a way to invest safely. The Paphos area is considered one of the best on the island in this respect: it is well-developed, well-maintained and enjoys favourable prices compared to other cities. Property here has a high yield and a promising future.

1. Overview of Paphos neighbourhoods for buying a flat

Property in Paphos and Cyprus is a worthy competitor to housing in other countries of the world: the UAE (and Dubai in particular), Turkey, Greece, Spain and others. And it is not only about prices, but also about the privileges that the owner will receive. But before buying a flat in Paphos, you need to decide on its exact location. Someone is interested in the proximity of the city centre and transport interchanges, and someone is looking for privacy and natural beauty.

1.1 City Centre

The following areas are considered to be the centre of Paphos:

1. Old Town: the central part is on an elevated position. It is characterised by tranquillity, an abundance of places for cultural recreation and high housing prices. New buildings in the Old Town are rare, almost all of them belong to the elite. There are many options on the secondary market. Flats start from € 179,000.
2. Kato Paphos: modern and maximum convenience for working people. Kato Paphos is home to offices of all kinds of companies, kindergartens and schools, health centres, beauty salons and much more. Part of the area is on the first coastline, here all the property is mostly elite. Prices for flats start from € 110 000.
3. Pano Pafos (Ktima): a remote area from the sea, ideal for permanent residence. It is characterised by a well-developed infrastructure and is not in the greatest demand among tourists. Flats here cost from € 150 000.
4. Universal: modern neighbourhood with different types of properties. Suitable for permanent residence and recreation, with quick access to the centre. Good for those who do not intend to go to the beach every day. Flats start from € 175,000.
5. Melanos and Moutallos: quiet and sometimes peculiar neighbourhoods for permanent residence. The neighbourhoods are quiet and quiet and can offer both economy and luxury accommodation. Prices for apartments start from € 150,000.

Each of the neighbourhoods mentioned above has its own characteristics, but they all have one thing in common: their location within the town of Paphos itself. For those who are considering moving to Cyprus, this can be a key point, as not everyone will like the countryside on the island. In addition, the majority of flats are located here, while in other areas of Paphos most of the property is villas.

1.2 The upmarket neighbourhoods of Paphos

The Royal Tombs is the upmarket neighbourhood closest to Paphos. In fact, it is a full-fledged district of the city, which has access to the beaches and to the Archaeological Park. Nearby there is all the infrastructure for permanent and temporary residence, as well as flats suitable for renting. Prices are moderate and start from € 175 000.

Luxury neighbourhoods include Coral Bay and Sea Caves, but these are mostly private houses, chalets and villas. Flats are not to be found there.

You can look at the luxury property villages of Tala and Tsada. There are several apartment projects here, with property prices starting from € 280,000. In these villages, people prefer to settle permanently, so apartments and cottages are bought either for themselves or with the prospect of long-term rentals.

1.3 South-eastern districts: Geroskipou, Kouklia, golf resorts

Geroskipou is located "right next to Paphos", with the Poseidon promenade leading to it. It is a developed mixed-use neighbourhood and is the choice of both locals and tourists. Economy options in Geroskipou are easy to find: flat prices start from €170,000 in a new-build complex, while second homes can be even cheaper.

Kouklia and the surrounding villages (Mandria, Timi, Anarita and others) are renowned for their quietness, scenic beauty and easy access to the city centre. These locations are often chosen for seasonal holidays, with easy access to beaches, airports and popular places of interest. The only nuance is that property here is mainly represented by land plots or private houses.

There are several golf resorts nestled between Kouklia and Pissouri. This is the only place of its kind in Cyprus. There are three golf complexes with their own infrastructure and real estate: the large-scale Aphrodite Hillsproject, the popular Minthisresort and Secret Valley.

1.4 North-western districts: Chloraka, Kissonerga, Peyia

In Chlorak (and nearby Emba) you can find property of various classes: from economy to luxury. There are quite a few apartment complexes here, most of them are new buildings. Locals and foreign investors favour this suburban area due to its infrastructure and general livability. Prices for flats are moderate and start from €150,000, which is very cheap for Paphos.

Kissonerga offers quite a lot of luxurious and expensive property, but mostly villas and private houses. There are not so many flats in the complexes here, but their price is pleasant: it starts from € 145 000. The beauty of the location is the well-developed tourist infrastructure and the proximity of excellent beaches.

Peyia stands apart. It is a large municipality of Paphos, a little distant from the city. Foreigners like to holiday here or live here seasonally. This is favoured by its good location and the presence of necessary establishments and offices. Prices for flats are democratic and start from € 180 000.

1.5 Policy

Polis is the northernmost municipality of the Paphos district. It is loved for its quietness and proximity to unspoilt nature - the Akamas Peninsula with its namesake nature reserve is nearby. Along the coast stretches small villages, in which it is pleasant to spend a holiday in the style of reboot, without fuss and in an atmosphere of peace. The main disadvantage of Polis is its remoteness from big cities, but holidaymakers or foreigners living here find it a special chic.

Flats in Polis are not very expensive, you cannot call them very profitable, but they are not illiquid either. The fact is that property here is slowly but surely increasing in value. Therefore, investment plans can be considered long-term.

2. Advantages of buying a flat in Paphos

Offers in Paphos are attractively priced and in high demand, ensuring a profitable investment in the not so long term.

2.1 Low prices relative to Limassol and Nicosia

Limassol and Nicosia can surprise with their residential and commercial property prices. They have long ago reached the EU average level and even "jump" it. Paphos is more democratic in this respect. The difference is especially noticeable in the luxury property sector.

2.2 Developed infrastructure for living and recreation

There is an international airport close to Paphos, which is important for frequent travelling buyers. It can be reached from almost all settlements in 15-20 minutes.

The west coast of Cyprus has excellent beaches, both pebble and sandy. The water is very clean and there are interesting places to visit - the protected turtle beach, Aphrodite's Stone, the shipwreck, the wild beaches of the Akamas peninsula, and others.

The settlements are clean and have everything you need for life and recreation: cafes and restaurants, shops and supermarkets within walking distance, hotels with entertainment centres, schools and kindergartens, clinics and a good road network. Many people choose Paphos as a place for wintering, as it becomes quiet in the off season.

2.3 Good profitability

Buying property in Cyprus is a great step into the future. Flats in Paphos, especially in the tourist areas, are famous for their profitability. The demand among tenants is always high, so it is quite easy to earn money from your property.

2.4 The possibility of obtaining a Cyprus residence permit in a simplified way

There are two ways to obtain a residence permit in Cyprus: through residence permit (on the basis of any activity) or through the purchase of property. The second option is as simple as possible and requires fulfilment of a few conditions:

1. one or more properties must be worth at least €300,000, with a lump sum payment of at least €200,000 - the rest can be paid in instalments;
2. the property must be a new-build property, i.e. the transaction will be through a builder or developer;
3. A deposit of at least €30,000 must be made in a Cypriot bank account;
4. show foreign income for yourself and each family member who will be participating in the programme.

It is noteworthy that it is not necessary to learn the language or to draw up a lot of documents. Permanent residence in Cyprus allows you to reside permanently on the island, and subsequently to naturalise and obtain citizenship. Therefore, this scheme is considered one of the easiest ways to immigrate to the EU and obtain a European passport.

2.5 Beautiful nature and abundance of attractions

Paphos is famous for its beautiful and unspoilt nature. When buying a flat here, the owner gets a valuable resource - unlimited time to see all the sights. It is also worth noting that many properties are characterised by a beautiful view from the windows, which becomes an advantage for aesthetes and lovers of natural beauty.

3. What type of flat to buy

Small one-bedroom flats are the best option for first-time investors. If you are planning to rent out your property in Cyprus, you should start with this option. It is the easiest to maintain and the most liquid option.

But situations vary, so the recommendation above is only a guideline. If the flat is chosen for other purposes, you should start from them.

3.1 Apartments and studios

The studio is the smallest option in terms of floor space. It is suitable for a single person or a couple, or as an investment property in a new building.

Apartments are more spacious and can have several bedrooms. They are suitable for families and people who work remotely. One of the rooms can always be converted into an office.

3.2 Penthouse

A luxurious option for those seeking privacy and living "on high", and literally. There are no high-rise buildings in Paphos, so a penthouse on the 4th or 5th floor will already appear to be floating in the clouds. From here you will have a great view and views of the sea and neighbourhood. Bedrooms here are more spacious, as a rule, their number starts from three. A private pool on the terrace is also available.

3.3 Duplex (duplex flats)

A duplex flat is a worthy alternative to a villa. It guarantees a large space for living and provides additional comfort. Interestingly, there are very few duplexes in Cyprus and Paphos, so these offers are in high demand.

3.4 Townhouse

You can think of it as half flat, half private home. It is good with plenty of space for living and quite a high level of privacy. At the same time it is quite liquid and can be very successfully rented out. In general, townhouses in Cyprus can have a private garden with a swimming pool, but this is not a prerequisite.

4. What to look out for when choosing a flat in Paphos

The most attractive option for a foreign buyer is a ready-made or under construction complex. Property of this type has a lot of advantages and conveniences:

1. closed guarded territory;
2. use of high quality materials for construction and finishing;
3. car park for residents only;
4. playgrounds and play areas/rooms;
5. optional: common area with swimming pool, recreation and walking area, gym, sports grounds, etc;
6. in luxury complexes: club memberships;
7. the property management company takes care of all property maintenance.

In new-build complexes you can also buy commercial premises for your own business. Often the ground floors of elite complexes are given over to commercial property.

It is favourable to buy flats in Cyprus while the house is under construction. The cost of apartments at that moment is 10-20% lower than the final one, which means that in 5-7 years the object will increase in price by 15-25%.

Other parameters to look at are the layout and design of the rooms. Look at how spacious the terraces are, how the bathrooms will look like. In exclusive offers, it is worth specifying the nuances of designer repairs and the possibility of additional services and even redevelopment.

5. Property search and transaction execution

DOM Agency offers you to get acquainted with the site for searching and buying property in Cyprus. On the portal you will find:

1. Articles, news and events on the topic of Cyprus property;
2. selections of the best current offers for a specific request;
3. basic information about the island of Cyprus to familiarise yourself with it ;
4. a database of adverts for different types of property in the towns of Cyprus;
5. answers to common questions.

On the website you can independently search for flats, houses and land plots, using filters by increasing/decreasing price, districts and locations, distance from the sea in km and other parameters.

You can also order a consultation with a specialist who will provide comprehensive information on any question you are interested in. To do this, you need to leave your details for feedback. To keep track of the situation, you can use the registration on the portal or subscribe to the social networks of the DOM agency.