Paphos, a historic town on the west coast of Cyprus, has long attracted the attention of property buyers due to its rich history, picturesque scenery and favourable climatic conditions. Many areas of the town offer the best prospects for living, holidaying and investment.
Let's take a look at the most promising areas of Paphos based on their infrastructure, development plans, reputation and other factors.
1. Mesogi University District
Why promising? Mesogi is known for its convenient location: just 10 minutes from the centre of Paphos and close to an international school. The area is undergoing active development and there is a planned university campus nearby, making it particularly attractive to families with children and investors focusing on student rentals. Property in the area is relatively inexpensive, with prices starting at €1,192 per sqm.
Advantages:
- Proximity to educational facilities.
- Good transport links.
- Availability of new residential complexes with modern facilities.
Development plans. The Paphos municipality is actively investing in improving the road infrastructure and landscaping of the area, which should increase property values in the coming years. One of the key projects is the construction of student accommodation, which is helping to transform Paphos into an educational centre.
2. Coral Bay
Why promising? The tourist area of Coral Bay, located in the municipality of Peyia, approximately 12km from the centre of Paphos, is renowned for its luxurious beaches and is very popular with tourists. It is an ideal place for those looking for seaside villas. The area is attractive not only for holidays but also for rentals. The price per square metre for a property in the Coral Bay area starts from €2,900 per m2.
Advantages:
- World-class tourist infrastructure.
- Proximity to the sea.
- High demand for rental properties, especially during the summer season.
Development plans. Projects are being discussed in the area to create new hotels, golf resorts, cliffside villas, coastal residential developments and seafront improvements that will make Coral Bay even more prestigious.
3. Tremitusa
Why promising? Tremithoussa is a picturesque village located 5km north of Paphos at an altitude of approximately 270 metres above sea level. It is known for its traditional stone houses, narrow streets and panoramic views of the Mediterranean Sea and the Troodos Mountains. There is a growing demand for property here among expats due to the combination of seclusion and proximity to the city. Prices per square metre start from €2750 per m2.
Advantages:
- Picturesque surroundings.
- Moderate property prices compared to the central districts.
- Growing popularity with expatriates seeking an authentic Cypriot lifestyle combined with proximity to city amenities.
Development plans. The municipality is working to improve public transport and parks to make the area even more attractive to live in. As part of the national strategy Vision 2035, Cyprus is striving for sustainable development, including the improvement of infrastructure and quality of life in rural areas. Although specific projects for Tremitousa are not always detailed, the general trend is to develop rural areas and make them more attractive for living and investment.
Tremitousa offers a variety of property options, from traditional stone houses to modern villas with swimming pools. For example, a new 3-bedroom pool villa is available for purchase, offering comfortable living in a picturesque setting.
4. Paphos Centre (Kato Paphos)
Why it's promising? Kato Paphos is the historic and tourist centre of the city. The area is known for its attractions such as the Archaeological Park and the seafront. The best restaurants, shops and cultural facilities are concentrated here. The price per square metre for residential properties starts from €4,500 per m2.
Advantages:
- Proximity to major attractions, which attracts tourists and increases demand for rental properties.
- High potential for short-term rentals.
- Very prestigious status, central location and developed infrastructure.
Development plans. The waterfront reconstruction and port modernisation project promises to make the area even more attractive to tourists and investors.
Reconstruction of Teoskepasti Square and adjacent streets. The €5 million project aims to connect the inner part of the tourist area with the coast, improve pedestrian areas and green the area.
5. Peyia
Why is it promising? Peyia is one of the most picturesque areas around Paphos. It stretches inland from the coast and includes hilly areas with sea views and proximity to popular beaches such as Coral Bay and Laourou Beach. It is ideal for those who wish to enjoy privacy and nature whilst still being relatively close to the town. Prices per square metre for residential properties start from €2,000 per m2.
Advantages:
- Spacious villas with large plots.
- Spectacular coastal views.
- Pleasant microclimate. The elevated location provides a cooler climate during the hot summer months.
Development plans. The Paphos municipality is actively working to improve the infrastructure of the area. The area will become even more convenient with improvements to the road network and the opening of new commercial facilities.
6. Geroskipou
Why is it promising? This area perfectly combines traditional Cypriot charm with modern infrastructure. Geroskipou is a 5 minute drive from the centre of Paphos and is famous for its historical sites such as the Church of St Paraskeva and its proximity to the sea. Prices per square metre for residential properties start from €2,100 per m2.
Advantages:
- Convenient location and easy access to the main roads.
- A large number of new residential projects.
- A wide range of schools, shops and other infrastructure to ensure comfortable living.
Development plans. The municipality is investing in the construction of new residential complexes, parks and the improvement of road infrastructure.
Paphos offers a variety of areas in which to buy property, each with its own unique advantages and development prospects. In addition, Paphos airport is due to be expanded in 2025, increasing its capacity. When choosing an area, it is important to consider your objectives, whether you are buying for residential, holiday or investment purposes. Either way, now is the ideal time to buy property in Paphos, as the city is actively developing and prices remain relatively affordable compared to other regions of Cyprus.
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