In recent years, the Paphos real estate market has been undergoing an active transformation. The city has strengthened its position as one of the most attractive regions in Cyprus for living, investment, and relocation. As a result, demand for apartments and houses here is growing rapidly. Increasingly, investors are choosing to purchase properties at the final stage of construction.
Interest in such properties is easy to explain. The risk of unfinished construction remains relevant even in the stable Cypriot market, especially against the backdrop of rising construction costs and stricter requirements for local developers.
Advantages of buying property at the final stage of construction
One of the main advantages is a sense of confidence. By the time a building reaches its final stage, the main construction works have already been completed, the property is connected or about to be connected to utility networks, and the developer has passed most of the permitting procedures. The buyer sees a real building, not just project documentation and renderings, which significantly reduces uncertainty.
Another important advantage is the possibility of quick move-in. Unlike purchasing at the excavation stage, there is no need to wait years for construction to be completed. Once the keys are received, you can move in immediately. This is especially relevant for those who want to solve their housing needs “here and now” or reduce rental expenses.
The final stage of construction also allows for an objective assessment of the building’s quality. Buyers can see layouts in real life, evaluate actual room sizes, ceiling heights, the quality of common areas, elevators, courtyards, and parking spaces. This makes it possible to make a more informed decision and avoid disappointments that sometimes occur when buying off-plan.
An additional benefit is a calmer living experience during the first months after moving in. In new buildings, most neighbors are also settling in, so some noise is perceived more tolerably than in fully occupied buildings. This is particularly important for those planning renovations or intensive finishing works.
From a legal perspective, purchasing at the final stage also appears safer. The building is usually already commissioned or on the verge of being commissioned, which simplifies the property registration process and reduces risks related to document delays or changes in contract terms.
Disadvantages of buying property at the final stage of construction
The main drawback is the higher price. By the time construction is completed, apartment prices in new developments typically increase by 10–15% compared to earlier stages. This means that the investment potential of such properties is lower, especially if the purchase is made solely for short-term resale.
Another notable disadvantage is the limited choice. At the final stage of construction, the units left for sale are often not the most popular layouts, floors, or views. Apartments with the best characteristics are usually sold at earlier stages, leaving buyers to choose from what remains.
Potential infrastructure issues should also be taken into account, as they are not always immediately visible. After a building or neighborhood becomes fully occupied, it may turn out that roads, parking areas, or public transport are not designed to handle the increased number of residents. These problems emerge gradually and can affect living comfort.
The final stage of construction does not always mean full readiness for everyday life. Sometimes a developer delivers the building, but landscaping works, commercial premises on the ground floors, or social infrastructure facilities may be completed later. As a result, the first months of living may be accompanied by construction activity around the property.
Special attention should also be paid to the technical condition of the apartment. It is crucial to carefully inspect engineering systems, finishing quality, and whether the declared specifications correspond to the actual condition of the unit.
Examples of apartments and villas in Paphos: Top 10 best-value options
The year 2026 is expected to become an important milestone in the history of Paphos. Many high-quality modern projects are scheduled for completion in the city. We have selected 10 of the most interesting options in the price range from €210,000 to €980,000 that deserve special attention:
One-bedroom apartment in the center of Paphos — an investment in the city’s rhythm
Modern one-bedroom apartments in an innovative complex in the very center of Paphos are ideal for those who value the dynamics of urban living. The Town Center Paphos area offers walking-distance access to all key infrastructure, while convenient access to the highway and the seafront makes the location versatile for both living and rental purposes.
This next-generation complex combines workspaces, a gym, a jacuzzi, and leisure areas. The apartment features underfloor heating, Bosch appliances, built-in furniture, and a smart home system. The total area is 91 m². The apartment is located on the 1st floor of a four-storey building and offers mountain views. Distance to the sea is 2,400 meters, and the energy efficiency class is A. An excellent option both for personal residence and as an investment with the possibility of obtaining permanent residency.
Price: €319,000 + VAT
Three-bedroom villa in Geroskipou — privacy, sea views, and everyday comfort
This elegant villa in the Geroskipou area is designed for those who dream of living by the sea without compromise. Just a 5-minute drive separates the house from the coastline, while panoramic sea views become part of everyday life. The total covered area of the villa is 254 m², and the well-thought-out layout makes the space both cozy and functional.
The gated plot features a private swimming pool, a barbecue area, and private parking, making it ideal for both family living and hosting guests. Underfloor heating and a central air-conditioning system are already included in the price, ensuring year-round comfort. If desired, the villa can be fully furnished on a turnkey basis. The distance to the sea is 800 m, the energy efficiency rating is A, making this villa a modern and attractive option both for permanent living and for rental purposes.
Price: €980,000 + VAT
Three-bedroom townhouse in Geroskipou — coastal living at its best
This stylish townhouse is located just 400 m from the sea along the picturesque coastline of Paphos. With a total area of 136 m², it includes three bedrooms and three bathrooms, making it ideal for family holidays or stable rental income.
The price already includes a private swimming pool, air-conditioning units, provisions for central heating, a security system, and an electric vehicle charging station. Energy efficiency rating: A. The project perfectly combines a resort-style atmosphere with practicality and modern technologies, creating the feeling of a private seaside home.
Price: €540,000 + VAT
Three-bedroom house in Kissonerga — tranquility, nature, and modern technologies
This two-storey villa in the green area of Kissonerga offers the perfect balance between peaceful living and convenient infrastructure. The total area of the house is 234 m² and features a spacious open-plan living room and kitchen, as well as a covered veranda for relaxation.
The plot includes a 4×8 m swimming pool, covered parking, and a barbecue area. The house is equipped with underfloor heating, a photovoltaic system, a VRV system on the ground floor, and air-conditioning units on the upper floor. Shops, cafés, sports facilities, and an equestrian center are within walking distance. The distance to the sea is 1,500 m, and the energy efficiency rating is A.
Price: €485,000 + VAT
Studio in the Tomb of the Kings area — a compact seaside investment
This studio apartment is located just 450 m from the popular Venus Beach in the prestigious Tomb of the Kings area. The project stands out for its stylish architecture and high construction quality. Three-meter-high ceilings, floor-to-ceiling panoramic windows, and sea views create a bright and spacious feel.
The living area of the studio is 36 m², and the apartment is located on the 4th floor. The development includes a communal swimming pool, gym, covered parking with electric vehicle charging points, and a private storage room. The price includes water-based underfloor heating and an LG VRF air-conditioning system. An ideal option for both rental income and personal use.
Price: €295,000 + VAT
One-bedroom apartment in Geroskipou — resort-style living every day
This modern 63 m² apartment is located in a stylish residential complex in the Geroskipou area. A landscaped rooftop garden is available for residents’ relaxation, while the complex itself features a swimming pool, gym, yoga studio, spa, and sauna.
The complex is surrounded by a park with a children’s playground and walking paths, and the presence of cafés creates a true resort atmosphere. The apartment is situated on the 1st floor of a three-storey building. Energy efficiency rating: A. Distance to the sea: 3,300 m. A great option for comfortable living in harmony with nature.
Price: €210,000 + VAT
One-bedroom townhouse in the Universal area — style and privacy
This 84 m² townhouse is located in a gated complex with a communal swimming pool and terrace in the popular Universal area. The project’s architecture stands out with its contemporary design, which is relatively rare for Cyprus.
The distance to the sea is 1,400 m, and the energy efficiency rating is A. The property is ideal both for permanent residence and for rental purposes thanks to its convenient location and secure complex format.
Price: €423,000 + VAT
Three-bedroom apartment in Geroskipou — resort-style residence format
The apartment is located in a large gated residential project in the coastal area of Geroskipou. The complex brings together around 105 properties across a 20,000 m² site and offers true resort-level infrastructure.
A restaurant, bar, lounge areas, health center, indoor and outdoor heated swimming pools, a gym, and a jacuzzi create a complete environment for both living and leisure. The apartment is situated on the 1st floor of a two-storey building, and the distance to the sea is 3,500 m.
Price: €420,000 + VAT
Four-bedroom villa in Tala — panoramic views and Mediterranean luxury
This exclusive villa is located in the Kamares area of Tala, one of the most prestigious locations in Paphos. The total covered area of the house is 254 m², with windows offering breathtaking views of both the sea and the mountains.
The architecture combines stone, wood, and arched elements, blending harmoniously with the natural landscape. A spacious living room, veranda, private garden, sun terraces, and a barbecue area create the atmosphere of a premium Mediterranean villa. A swimming pool can be added at an additional cost. Distance to the sea: 5,000 m.
Price: €750,000 + VAT
Two-bedroom apartment in Mandria — Mediterranean-style seaside living
This apartment is located in a new residential complex in the picturesque village of Mandria, just 1,000 m from the sea. The total area is 173 m², with sea views and low-rise two-storey development that creates a sense of privacy.
The complex is designed as a Mediterranean oasis with landscaped gardens and large lagoon-style swimming pools. Convenient access to the highway, golf courses, and Paphos Airport makes this apartment an excellent choice both for permanent residence and for seaside holidays.
Price: €305,000 + VAT
Buying an apartment in a new development in Paphos at the final stage of construction is a compromise between safety and price. This option is ideal for those who want to minimize risks, obtain a clear and almost ready product, and are not willing to wait long for completion. At the same time, buyers should be prepared for higher prices and limited choice, and should carefully inspect the property before closing the deal to ensure that the advantages of this decision fully meet expectations.
Also read:
- Christmas and New Year in Cyprus — where to go and what to do
- Taxis in Cyprus: apps, prices, and how to book
- Winter in Cyprus — does it snow and how cold does it get?
- Top 10 new developments in the free areas of Famagusta to be delivered by 2026
- Wintering in Cyprus — the best cities for living and working
