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.
Buying luxury real estate in Cyprus for personal use or as an investment will be down to each individuals financial goals and needs.
Owning a luxury piece of real-estate may come with a swimming pool, home theater, gym, and much more, and can serve as status symbol to the owner.
Luxury properties purchased in sought-after areas can appreciate in value as part of a natural capital appreciation, even if not using the real estate as an investment tool.
As an investment though, rental income short or long, can yield high returns in luxury markets, especially homes purchased in high-demand locations.
High-net-worth individuals worldwide are often interested in luxury properties in key cities such as located in Cyprus, and this international buyer demand can keep property values stable or even rising.
While demand for luxury real estate is always present, economic changes both locally and internationally can affect values, and legal paperwork for an international investment can be more complex.
If considering looking at luxury investments in Paphos properties for personal use or as income property, always perform due diligence and use lawyers to manage the purchase agreements.
Choosing a luxury real estate Cyprus investment by location and type is also down to the investors aims and end financial goals, be it regular rental income, capital appreciation or both.
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
