Tucked away in the picturesque western corner of Cyprus, Peyia (or Pegeia) combines a friendly hillside community with a popular beach resort at Coral Bay and some of the island’s most sought-after prime residences. We take a closer look…
Peyia is a low-rise, predominantly residential community that spreads down a hillside to the Mediterranean where it meets the more touristy Coral Bay resort. There’s more though, as the municipality includes approximately 20 kilometres of stunning coastline.
Along the coast you’ll find Laourou (Corallia) beach next to Coral Bay, White River beach and a collection of luxury waterfront developments. The area is famous for ancient chapels that are dotted around the local landscape and pockets of banana tree plantations!The original centre of Peyia goes back centuries and is home to a pretty square, ancient baths and freshwater fountains. One of the largest villages in the Paphos district, today it has all the essential amenities, including banks, medical centre, bars and restaurants, supermarkets and even an international school, making it ideal for permanent living.
Resident expats favour Peyia for its high elevation that escapes the humidity. It’s also just a 25 minute drive from Paphos, the historic district capital and busy tourist hub, not forgetting its easy access to beaches and unspoilt natural scenery. Paphos International Airport, with year-round flights to the UK, is only 40-45 minutes away too.
Coral Bay is a full-on tourist resort where, unlike Peyia village five minutes away, there isn’t much life during the winter.
In the busier months, the action centres around the Blue Flag beach and the neon-lit high street that leads to it, Coral Bay Avenue. Known locally as ‘the strip’, in high season the many restaurants, bars and live music venues – Dirty Martini bar and Blazing Saddles being particularly popular! – get packed out when night falls.
Away from the bright lights, quieter parts of the resort, including along its seafront, are home to a growing number of exclusive villa developments.
Akamas, Agios Georgios and Pikni Forest
A highlight of Peyia is being on the edge of the Akamas Peninsula, a protected national park and one of Cyprus’s most celebrated beauty spots.
The north-western edge of the municipality reaches as far as Lara Beach, famous for turtle conservation, where the peninsula begins and all around is unspoilt natural terrain. Here, local fishermen still land their daily catch in Agios Georgios harbour, overlooked by an ancient church.
There is a small sandy beach here too, which looks across to the island of Geronisos, and archaeological sites like the famous sea-cave tombs built into the cliffs. The Edro shipwreck is another local landmark.This area is also home to White River Beach and the Avakas Gorge nature trail, a treat for hikers and mountain bikers. A protected pine forest with trails, sites for BBQs and wonderful views across Peyia to the sea, Pikni Forest is another local outdoor attraction.
Cap St George Resort
Deemed the largest and most exclusive seafront resort in Cyprus, Cap St George Resort falls within Peyia. The masterplan includes more than 200 luxury villas, a 5-star deluxe hotel and an exclusive clubhouse. There you have 24-hour reception and concierge services, local and international dining options, a fitness centre and retreat rooms, an outdoor pool and a sandy beach.
Located just south of Agios Georgios harbour, it has put this corner of Cyprus on jetsetters’ radars and attracted high profile homeowners. Pop icon Shakira and her now ex-husband footballer Gerard Piqué have been spotted here.
Property prices in Peyia
Peyia, including Coral Bay, has the full range of property. At the top end, take your pick from the array of stylish multi-million-euro villas spread across prime spots on the hillside around Peyia village or down on the waterfront between Coral Bay and the edge of Akamas.
There’s a good choice of luxury in the €1m – €2,5m bracket, less if you’re prepared to spend €3m-€6m.
Otherwise, 3–4 bedroom bungalows and villas in the €350,000-€600,000 are plentiful, price depending on condition and location.
As a general guide for Peyia, budget €180,000 – €300,000 for a simple two-bed bungalow or townhouse on a tourist complex. Prices start at €120,000 for a two-bedroom resale holiday apartment. But prices will be slightly higher as you get closer to Coral Bay and the seafront.