Apartments and flats for sale in Paphos

Apartments for sale in Paphos

The decision to buy a flat in Paphos is a potentially lucrative one. Local housing is suitable for both personal use and investment profit. The coastal city in southwest Cyprus is famous for its unique cultural heritage, including ancient archaeological sites, ancient tombs, palaces, theaters and mosaic villas. This place, steeped in history and mythology, is considered the birthplace of the goddess Aphrodite.

The location is divided into two main parts: Kato, or Lower Town, which is located by the sea and is the center of the tourist industry with numerous hotels, restaurants and entertainment venues, and Pano, or Upper Town, where the administrative buildings and residential areas are located.

The area is known for its clean beaches, scenic nature, and opportunities for diving and other water activities.

The city attracts many freelancers and expats with families due to its relaxed lifestyle and well-developed infrastructure. The presence of schools, kindergartens and stores provide everything you need for everyday living and raising children. Additionally, healthcare in the area is robust, providing advanced medical services and a variety of private hospitals offering specialized treatments.

A wide range of accommodation, from economical studios to luxury multi-bedroom apartments, provides a great choice for investors and those coming for permanent residence. Comfortable new buildings and apartments on the secondary market allow you to find an option that will meet any preferences and budgets.

The cost of apartments in Paphos depends on many factors, and on the availability of additional amenities in the residences, including. Typically, residences include:

• air-conditioning systems;
• balconies or terraces with views of the surrounding nature;
• modernly equipped kitchens with dishwashers, refrigerators and stoves;
• spacious living rooms and cozy bedrooms.

Residential complexes provide their residents with:

• access to swimming pools;
• surface or underground parking;
• video surveillance and security systems for safety and security;
• additional storage space;
• fitness centers, spas or saunas (in some complexes);
• playgrounds for children;
• pet walking areas;
• high-speed Internet and cable TV connections;
• elevators in high-rise apartment complexes.

Reasons for investing in an apartment in Paphos

The opportunity to purchase apartments in Paphos for investment offers a number of advantages that will interest buyers from different countries.

• Tourist activity. Travelers appreciate the city's rich history and culture, as well as beautiful beaches and natural attractions. This ensures a high demand for rental housing, especially for residences near the sea. On average, renting out an apartment or villa in Paphos can bring up to 8.5% profit per year.
• A stable real estate market. Apartment prices in Paphos, Cyprus, continue to rise. Thus, the annual increase in value is 10.3%, and residential properties in general have risen in price by 6.8%.
• There is a programme for obtaining a residence permit through investment.
• There is a developed infrastructure, quiet lifestyle, safe environment and mild climate.
• Low taxes. Cyprus offers relatively low rates, including property taxes and rental income, which makes investments even more attractive.

Investing in property in Cyprus during the construction phase will provide significant benefits in a growing market. The cost of flats in Paphos at the initial stage is often more affordable than ready-made housing, as developers need to raise finance to complete the project. Investors can choose and personalize the design, layout and finishes, making each purchase unique and tailored to their preferences. In addition, the value of an apartment in Paphos, Cyprus, and other locations increases over time, providing the opportunity to profit by reselling or renting them out after construction is complete.

Buying apartments in Paphos

The website Global Properties offers a wide range of apartments and villas in Cyprus. Both budget options and designer residences of premium class are available in our catalog. Buyers can easily find the right property by customizing search parameters such as price of flats for sale in Paphos or other location, total area, number of bedrooms, storey and location. The listings can be easily sorted by different criteria to meet the needs and desires of buyers.

If necessary, you can contact the specialist of our service for assistance in selecting an object. Thanks to regular both automatic and manual updates of the catalog you will always be aware of new offers and will be able to choose the best option of apartments for purchase.