New buildings in Paphos
City on the map
Paphos is an ancient city on the Mediterranean coast in the southwestern part of the island of Cyprus. It is divided into Kato Paphos (Lower Paphos - tourist area) and Pano Paphos (Upper Paphos - administrative and residential area).
Why is it profitable to buy an apartment in a new building of Paphos?
This is one of the most elite resorts in Cyprus, a historical monument included in the list of UNESCO World Cultural Heritage Sites, and today it is a modern, extremely pleasant for life and tourism small town.
There are no large industrial enterprises in Paphos. The city earns most of its income in the tourism and service sectors.
The transport infrastructure is well developed: the roads are one of the best in the European Union (left-hand traffic), there is an airport, bus routes (urban and intercity) are thought out for the maximum comfort of passengers, the main bus station is located directly on the embankment.
The weather in the resort is typical for the Mediterranean - warm and mild winters with little rainfall, dry and hot summers.
The beaches of Paphos are mostly rocky and sandy, the sea is clean (marked with the Blue Flag).
You can receive education in Paphos at the University of Napolis.
Paphos is one of the most sought places in the world to buy real estate. Apartments in Paphos from the developers are offered in different versions, depending on the wishes of buyers: from apartments to villas, higher - on the hills or lower - on the seashore.
Investing in Paphos real estate in the new buildings makes it possible to obtain a Cyprus passport or residence permit for the whole family of the investor. The acquired real estate can be considered simply as a profitable investment, since housing is in great demand: it is profitable to rent out or resell.
Multi-storey residential complexes in Paphos are not being built, because they do not want to change the appearance of the city with the preserved ancient architecture to skyscrapers, in addition, this is a seismic zone, and this factor also has to be taken into account. Now the suburb is replenished with low-rise new buildings: elite villas and townhouses, small residential complexes (not higher than 5-6 floors) are being erected.
New buildings in Paphos from the developers are delivered on time, completed using the latest technologies and in compliance with building standards. Reviews of home buyers in new buildings confirm the good quality of the facilities being built. The sale of apartments from developers is carried out at different stages of repair: black frame or turnkey condition. Renovation in new buildings meets the standards.
You can buy an apartment from a developer in Paphos at a reasonable price (considering EU standards). The minimum price per square meter of space in black frame condition (according to the information of the real estate search engine GEOLN.COM) is 1,100 USD.
Purchase of apartments by foreigners
Foreigners can buy apartments without restrictions.
Highlights of the city and its surroundings
- Tombs of the Kings;
- bird park;
- Archaeological Park;
- the village of Geroskipou;
- catacombs of Saint Solomon;
- bath of Adonis;
- rock of Aphrodite;
- Paphos Castle;
- Byzantine Museum;
- Troodos mountains;
- the monastery of St. Neophytos the Recluse;
- the Church of Panagia Chrysopolitissa;
- Church of Panagia Theoskepasti
And this is not a complete list.
Purchasing an apartment in a new building in Paphos is an investment in the most popular resort that reasonably assumes a high passive income from rent or resale and considered one of the cleanest on the planet.