Properties in Paphos have been flying off the metaphorical shelves in Cyprus, new findings report.
Ask Wire, a Cypriot real estate intelligence agency, recently published a report that shows the Paphos district has showcased its potential in the Cyprus real estate market.
During the second quarter of 2023, the district sold a total of 851 properties (houses, apartments, land parcels and fields), with a combined value of €193.8 million during the three-month period.
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Paphos, Cyprus
What’s new on the Paphos property market?
Speaking to the Financial Mirror, Ask Wire CEO, Pavlos Loizou said, “The Paphos district continues to exhibit strength in the housing market, driven by luxury home sales.”
Among the 851 properties sold on the Paphos property market were nine luxury homes, each valued at over €1,000,000.
The district also continued to perform in house sales, which contributed 30.% of the total value of home sales.
Loizou continued, “Notably, the apartment market also shows resilience, with a strong interest in apartments priced between €100,000 and €200,000.”
Browse Paphos homes under €200,000 today
According to Ask Wire, seven out of ten house sales were in the €100,000 to €500,000 price range, with 75 out of a total of 201 falling between €300,000 and €500,000. (C/O: Financial Mirror)
An aerial view of the clear blue waters of Coral bay in Peyia, Paphos
But why now and why Paphos?
It seems a large number of these sales are for fields and land parcels where buyers (international and natives) are taking advantage of the increasing popularity of Paphos as a luxury destination.
Paphos is already a cultural hub for lots of villages outside the city. These include Mesa Chorio, Mesogi, Treminthousa, Tala and Kamares.
This has been essential for international buyers and new expats as they’re able to enjoy the benefits of city life, while having a community in a village outside the centre.
Paphos is easy to get to from most of Europe. There are regular flights from London (five a day), Manchester (two a day), Edinburgh (two a day) and Birmingham (once a day).
Those who live in Paphos enjoy the idyllic Mediterranean lifestyle, accompanied by great food and friendly locals.
Learn more about the Mediterranean lifestyle here
3 luxury homes on the Paphos property market
Three-bedroom apartment for sale in Paphos
Three-bedroom apartment in Aphrodite Hills
This area Paphos is named after Aphrodite, the goddess of love and it’s instantly apparent as to why by everyone who visits. This apartment offers a slightly more affordable luxury lifestyle, all on the one level.
It’s a three-bedroom apartment on the ground floor of the Thesus Village complex. It has two bathrooms, a large garden and sea views in the distance. It’s also just 50 metres from the main swimming pool on the complex – perfect for any swimmers!
Price: €430,000
Three-bedroom villa for sale in Paphos
Three-bedroom villa in Aphrodite Hills
This three-bedroom, two-bathroom villa in the Aphrodite Hills is beautiful and comes at a great price for the size of the plot. Complete with its own private pool and spacious outdoor area, this property would suit anyone looking to enjoy luxury living, without the million-pound price tag.
Price: €660,000
Enquire about this property today
Gorgeous off-plan home for sale in Paphos
Four-bedroom villa in Coral Bay
This four-bedroom villa is a wonderful example of an off-plan property in Paphos. Developers have bought up neighbourhood-size plots and are building luxury villas, just like this one, to welcome a whole host of new homeowners.
This property, when complete, will have its own private pool, outdoor dining area, four bedrooms and four bathrooms. It will be set on a magnificent playground in the heart of Peyia, surrounded by an orchard.
Price: €1,500,000
Enquire about this property today
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