• Commercial Property For Sale in Agía Varvára

    Commercial Property For Sale in Agía Varvára

    Commercial Property For Sale in Agía Varvára

    There are a wonderful choice of high-end Commercial Property For Sale in Agía Varvára with some of the most stunning properties in the Mediterranean right at your fingertips. Here at Special Living we pride ourselves on being in touch with the local property market, providing access to 100% of the property marketing that includes the finest and most Commercial Property For Sale in Agía Varvára

    Agía Varvára situated in Paphos and Paphos is considered to be the capital of Cyprus’ western area and consists of 2 locations, the coastal resort area, Kato Paphos, and the town itself, Pano Paphos. Both locations have become highly related to for their exclusive property offerings, with upscale vacation homes and stylish houses offered to own. For this reason Paphos is showing popular for those seeking to move to warmer climates.

    In the mid to late 1970s, there was the start of an economic upturn in the Kato Paphos area due to a sharp increase in tourist. This has resulted in lots of lavish resorts emerging throughout the region, including the palatial beachfront homes along Coral Bay and Sea Caves, Cap St Georges and premier golf resorts like Aphrodite Hills, places that are extremely popular with international property purchasers.

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    Paphos property market– where to buy and what you’ll pay

    Commercial Property For Sale in  Agía Varvára 1

    Paphos and the west of Cyprus has actually bewitched lots of an international purchaser, particularly those of us from the UK. Where’s hot in Paphos in 2020, which are the best places to buy and what will you pay? We spoke to Dylan Maratheftis of West Coast Property to learn more.

    Paphos has long been popular with British purchasers, and it’s simple to see why. You’ve got fantastic beaches, from favourites like Coral Bay to more secluded options beyond the city on the Akamas Peninsula. In Paphos itself and the surrounding towns and villages, you have lots of outstanding tavernas, bars and restaurants, and Paphos Airport has regular flights year-round back to the UK.

    Commercial Property For Sale in Agía Varvára

    And there’s excellent news for anybody wanting to purchase over here– as Dylan informs us, it’s a fun time to purchase.

    Buying ahead of the curve

    ‘ There has been a modification in the market due to currency change,’ Dylan says, ‘however it is still a buyer’s market. In general, we have actually seen a small increase in rates over the last two to three years. With that being stated, Paphos is still one of the very best value-for-money locations for property purchasers or investors. We are still no place near the property rates before the financial crisis of 2013, so you could truly be getting in ahead of the curve here. When it comes to the future, we expect there to be plenty more advancements coming up, but likewise an increase in the resale market with the brand-new builds of the past couple of years.’

    Prices differ depending upon the area and property, as anywhere, however you can usually be guaranteed of far better worth than back in the UK. Dylan informs us, ‘in general, one-bedroom apartments start from EUR80,000, two-bedroom homes begin with EUR120,000, while townhouses begin at around EUR140,000 and rental properties at EUR200,000.’ As for additional costs, Dylan recommends to budget plan around 2.5-6%, with add-on expenses typically being around the 4% mark.

    As for additionals, if you’re taking a look at a property with a pol, expect maintenance and so on to be around EUR100 a month. It’s not a must– ‘Paphos has a number of terrific blue-flag beaches within brief ranges. There are also many advancements that have the benefit of common swimming pools, so you don’t have the private responsibility of maintaining it, but all the advantages of being able to utilize it!’

    Where are the very best places to search in Paphos?

    For more budget friendly spending plans, such as the EUR80,000 to EUR100,000 range, Dylan suggests Mandria, Chloraka and Peyia. Mandria is to the east of Paphos, about equidistant to the city itself and Pissouri, with the airport in close reach. Chloraka is perfect if you’re looking to be a bit closer to the town, and desire a bit more of a buzz.

    Strong returns for buy-to-let financiers

    Paphos’ status as one of the tourist capitals of the island ensures a resilient market for anyone aiming to let out their home, whether as a full-time leasing or if you’re seeking to let out your vacation home while you’re not using it. As Dylan informs us, ‘investors wanting to accomplish good returns are typically purchasing one- to two-bedroom apartments and are searching for a roi of anything from 4% to 10%. Nevertheless, investment is not almost the monetary returns; we likewise have citizenship clients who are looking for an EU citizenship, for which they invest upwards of EUR2,000,000. Remarkably, we have had a few British residents in this bracket aiming to retain their EU status with Brexit now pushing ahead’.

    For further information about in Cyprus, and if you want to be connected to skilled estate representatives in Cyprus, just fill out our query type listed below and our complimentary Resource Centre will be in touch.

    Paphos and the west of Cyprus has bewitched numerous an international buyer, specifically those of us from the UK. Where’s hot in Paphos in 2020, which are the finest locations to buy and what will you pay? In Paphos itself and the surrounding towns and villages, you have plenty of outstanding tavernas, bars and restaurants, and Paphos Airport has regular flights year-round back to the UK.

    With that being said, Paphos is still one of the best value-for-money locations for property purchasers or financiers. Paphos’ status as one of the tourism capitals of the island guarantees a resilient market for anyone looking to let out their home, whether as a full-time rental or if you’re looking to let out your vacation home while you’re not utilizing it.

    The Paphos location guide

    Things to do

    The well known birth place of the Greek goddess Aphrodite, Paphos offers sea views and mystical ruins straight out of ancient folklore. Found on the island of Cyprus, Paphos is divided into 2 main sections that are linked by a central road.

    Lower Paphos or Kato Paphos, is the primary tourist centre, with a palm tree-lined seafront fringed with bars, hotels and dining establishments. Beyond the dynamic bars and night life of the tourist strip, you’ll find a relaxing boardwalk and peaceful backstreets dotted with appealing shops and historical churches. It’s also house to the Paphos Archaeological Park, which is well worth going to for its centuries of artefacts and ruins.

    The old centre of Paphos is called Ktima and it is the industrial centre of the city where the locals reside. Here you’ll discover well-preserved colonial structures alongside contemporary stores and museums.

    The Paphos Archaeological Park is one of the city’s most well-known attractions and is located near to the harbour. The Tombs of the Kings is another star archaeological tourist attraction, as is the Paphos Fort situated at the marina’s suggestion.

    With a sunny environment and appealing natural features, there’s likewise a lot of outside recreation to enjoy in Paphos. Check Out the Aphrodite Water Park to keep kids of any ages delighted, or visit the Pafos Zoo to find vibrant wildlife in a lavish setting. The seaside course extends from the Tombs of the Kings to Geroskipou Beach, offering sweeping views of the Mediterranean for walkers. Cruising, fishing, wine tasting, and playing golf are likewise popular activities in Paphos.

    Places to consume

    With a big expat population and busy tourist trade, there’s a wide selection of worldwide food available in Paphos. This varies from the common junk food joints, such as McDonalds, to premium dining at a lot of the resort restaurants in the area.

    A highlight of Paphos’ dining scene is its standard tavernas, which serve local wine and a complete meze spread. Tyrimos Seafood Dining establishment is a local favourite for fresh seafood, providing squid dishes and a romantic old world environment.

    Seven St Georges is the go-to location for meze, with innovative courses based upon seasonal schedule. You’ll find everything from wild asparagus to homemade sausages on the diverse platters, including a wealth of meatless options.

    Shopping

    Significant shopping center consist of The Paphos Shopping mall and Kings Opportunity Shopping center, both filled with small stores along with bigger global brand names. Grocery stores in the area consist of Orphanides Express, Carrefour and Papantoniou, while Debenhams, the British outlet store, has an outlet here.

    The harbour area features rows of independent traveler stores, which are great locations to discover locally made handicrafts, including complex jewellery, leather goods, lace, pottery, and embroidery. Head to Nikodimou Mylona Street for designer stores including the latest styles.

    Arriving & around

    Paphos International Airport serves the city. It’s little, it uses routine services from a number of airline companies, consisting of charter flights from UK tour operators.

    The Larnaca airport is a suitable alternative choice and is just an hour and a half away. Per hour bus services connect Paphos Airport with Kato Paphos during the summertime high season. When you have gotten here in Paphos, transportation is fairly simple as there are plentiful taxi services.

    Both Kato and Ktima Paphos are little sufficient to explore on foot, and bus services connect the two halves of the city. OSYPA is the general public transportation operator in Paphos, with a recently constructed bus station near the harbour.

    This is also the station that supplies the primary connections to all neighboring cities and residential areas, in addition to popular sites such as Aphrodite’s Rock. If you’re trying to find a distinct way to explore the area, donkey trips are readily available for much shorter distances.

    Lower Paphos or Kato Paphos, is the primary tourist centre, with a palm tree-lined seafront fringed with bars, hotels and dining establishments. It’s also home to the Paphos Archaeological Park, which is well worth going to for its centuries of ruins and artefacts.

    The Paphos Archaeological Park is one of the city’s most famous attractions and is situated near to the harbour. Hourly bus services link Paphos Airport with Kato Paphos throughout the summer high season. When you have shown up in Paphos, transportation is relatively simple as there are abundant taxi services.

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    About Cyprus – WikiPedia

    Cyprus (), officially called the Republic of Cyprus, is an island country in the Eastern Mediterranean. It is the third largest and third most populous island in the Mediterranean, and is located north of Egypt; northwest of Lebanon, Palestine, and Israel; west of Syria; southeast of Greece; and south of Turkey.

    The earliest known human activity on the island dates to around the 10th millennium BC. Archaeological remains from this period include the well-preserved Neolithic village of Khirokitia, and Cyprus is home to some of the oldest water wells in the world. Cyprus was settled by Mycenaean Greeks in two waves in the 2nd millennium BC. As a strategic location in the Eastern Mediterranean, it was subsequently occupied by several major powers, including the empires of the Assyrians, Egyptians and Persians, from whom the island was seized in 333 BC by Alexander the Great. Subsequent rule by Ptolemaic Egypt, the Classical and Eastern Roman Empire, Arab caliphates for a short period, the French Lusignan dynasty and the Venetians, was followed by over three centuries of Ottoman rule between 1571 and 1878 (de jure until 1914).

    Cyprus was placed under the UK’s administration based on the Cyprus Convention in 1878 and was formally annexed by the UK in 1914. While Turkish Cypriots made up 18% of the population, the partition of Cyprus and creation of a Turkish state in the north became a policy of Turkish Cypriot leaders and Turkey in the 1950s. Turkish leaders for a period advocated the annexation of Cyprus to Turkey as Cyprus was considered an “extension of Anatolia” by them; while, since the 19th century, the majority Greek Cypriot population and its Orthodox church had been pursuing union with Greece, which became a Greek national policy in the 1950s. Following nationalist violence in the 1950s, Cyprus was granted independence in 1960. The crisis of 1963–64 brought further intercommunal violence between Greek Cypriots and Turkish Cypriots, which displaced more than 25,000 Turkish Cypriots into enclaves and brought the end of Turkish Cypriot representation in the republic. On 15 July 1974, a coup d’état was staged by Greek Cypriot nationalists and elements of the Greek military junta in an attempt at enosis, the incorporation of Cyprus into Greece. This action precipitated the Turkish invasion of Cyprus on 20 July, which led to the capture of the present-day territory of Northern Cyprus in the following month, after a ceasefire collapsed, and the displacement of over 150,000 Greek Cypriots and 50,000 Turkish Cypriots. A separate Turkish Cypriot state in the north was established by unilateral declaration in 1983; the move was widely condemned by the international community, with Turkey alone recognising the new state. These events and the resulting political situation are matters of a continuing dispute.

    The Republic of Cyprus has de jure sovereignty over the entire island, including its territorial waters and exclusive economic zone, with the exception of the Sovereign Base Areas of Akrotiri and Dhekelia, which remain under the UK’s control according to the London and Zürich Agreements. However, the Republic of Cyprus is de facto partitioned into two main parts: the area under the effective control of the Republic, located in the south and west and comprising about 59% of the island’s area, and the north, administered by the self-declared Turkish Republic of Northern Cyprus, covering about 36% of the island’s area. Another nearly 4% of the island’s area is covered by the UN buffer zone. The international community considers the northern part of the island to be territory of the Republic of Cyprus occupied by Turkish forces. The occupation is viewed as illegal under international law and amounting to illegal occupation of EU territory since Cyprus became a member of the European Union.

    Cyprus is a major tourist destination in the Mediterranean. With an advanced, high-income economy and a very high Human Development Index, the Republic of Cyprus has been a member of the Commonwealth since 1961 and was a founding member of the Non-Aligned Movement until it joined the European Union on 1 May 2004. On 1 January 2008, the Republic of Cyprus joined the eurozone.

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