Located on the south-west coast of Cyprus the city of Paphos can be found, which has the reputation of being one of Cyprus's main tourist and luxury residential areas in Cyprus.
Paphos benefits economically from Paphos International Airport, providing travelers, tourists and international investors an easy way to reach this key location in Cyprus.
There is a good deal of international interest on Paphos from private buyers and investors, focused on holiday or vacation homes, luxury villas, and other luxury properties such as flats and apartments, with buyers coming partly from Northern European countries including the UK, Germany and Scandinavia.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
If looking for the best investments in luxury properties in Paphos, investors can choose from a wide range of different types of investments in Paphos, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
Paphos generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Paphos is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Cyprus
