• Commercial Property For Sale in Polémi

    Commercial Property For Sale in Polémi

    Commercial Property For Sale in Polémi

    There are a fantastic choice of luxury Commercial Property For Sale in Polémi with some of the most sensational properties in the Mediterranean right within your reaches. Here at Unique Living we pride ourselves on being in touch with the regional realty market, using access to 100% of the property marketing which includes the finest and most Commercial Property For Sale in Polémi

    Polémi situated in Paphos and Paphos is considered to be the capital of Cyprus’ western area and includes two areas, the coastal resort area, Kato Paphos, and the town itself, Pano Paphos. Both locations have actually ended up being highly concerned for their unique property offerings, with elegant homes and upscale rental properties offered to own. For this reason Paphos is proving popular for those seeking to transfer to warmer environments.

    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 caused numerous lavish resorts emerging throughout the area, consisting of the palatial beachfront residential or commercial properties along Coral Bay and Sea Caves, Cap St Georges and leading golf resorts like Aphrodite Hills, areas that are extremely popular with international property buyers.

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

    Commercial Property For Sale in Polémi 1

    Paphos and the west of Cyprus has actually bewitched many an international buyer, specifically those of us from the UK. Where’s hot in Paphos in 2020, which are the finest places to purchase and what will you pay? We talked to Dylan Maratheftis of West Coast Property to learn more.

    Paphos has actually long been popular with British buyers, and it’s easy to see why. You have actually got fantastic beaches, from favourites like Coral Bay to more secluded choices outside of the city on the Akamas Peninsula. In Paphos itself and the surrounding towns and towns, you have a lot of exceptional tavernas, bars and dining establishments, and Paphos Airport has regular flights year-round back to the UK.

    Commercial Property For Sale in Polémi

    And there’s excellent news for anybody seeking to buy over here– as Dylan informs us, it’s a good time to buy.

    Purchasing ahead of the curve

    ‘ There has actually been a change in the market due to currency variation,’ Dylan says, ‘but it is still a buyer’s market. In general, we have seen a minor increase in rates over the last 2 to 3 years. With that being stated, Paphos is still one of the best value-for-money areas for property buyers or financiers. We are still nowhere near the property prices before the financial crisis of 2013, so you could really be getting in ahead of the curve here. When it comes to the future, we anticipate there to be plenty more developments turning up, however also an increase in the resale market with the brand-new builds of the past couple of years.’

    Costs differ depending upon the location and property, as anywhere, but you can generally be assured of far better worth than back in the UK. Dylan tells us, ‘in general, one-bedroom homes begin with EUR80,000, two-bedroom apartment or condos begin with EUR120,000, while townhouses start at around EUR140,000 and villas at EUR200,000.’ As for additional costs, Dylan recommends to budget around 2.5-6%, with add-on costs usually being around the 4% mark.

    As for extras, if you’re taking a look at a property with a pol, anticipate maintenance and so on to be around EUR100 a month. It’s not a should– ‘Paphos has a number of fantastic blue-flag beaches within short distances. There are also many developments that have the benefit of common swimming pools, so you don’t have the private duty of keeping it, but all the advantages of having the ability to use it!’

    Where are the very best locations to look in Paphos?

    A lot of the most popular locations, like Polémi, Universal, will see somewhat greater rates. For more budget-friendly spending plans, such as the EUR80,000 to EUR100,000 range, Dylan recommends 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. It has a number of great restaurants and has seen a fair quantity of brand-new advancements in recent years. Chloraka is perfect if you’re looking to be a bit closer to the town, and desire a bit more of a buzz. Peyia, meanwhile, is a bit additional inland and ideal for access to the Akamas Peninsula.

    Strong returns for buy-to-let financiers

    Paphos’ status as one of the tourist capitals of the island assures a resilient market for anybody looking to let out their home, whether as a full-time rental or if you’re looking to let out your vacation house while you’re not using it. As Dylan informs us, ‘investors looking to accomplish excellent returns are normally buying one- to two-bedroom apartment or condos and are looking for a return on financial investment of anything from 4% to 10%.

    For further details about in Cyprus, and if you want to be connected to expert estate representatives in Cyprus, simply fill in our query form below and our free Resource Centre will be in touch.

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

    With that being said, Paphos is still one of the best value-for-money areas for property purchasers or financiers. Paphos’ status as one of the tourism capitals of the island assures a buoyant market for anybody looking to let out their house, 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 provides sea views and mystical ruins straight out of ancient mythology. Found on the island of Cyprus, Paphos is divided into two main sections that are connected by a central roadway.

    Lower Paphos or Kato Paphos, is the primary traveler centre, with a palm tree-lined seafront fringed with hotels, bars and dining establishments. Beyond the busy bars and nightlife of the tourist strip, you’ll discover a relaxing promenade and peaceful backstreets dotted with intriguing boutiques and historical churches. It’s likewise house to the Paphos Archaeological Park, which is well worth going to for its centuries of ruins and artefacts.

    The old centre of Paphos is known as Ktima and it is the business centre of the city where the locals reside. Here you’ll find unspoiled colonial buildings alongside contemporary stores and museums.

    The Paphos Archaeological Park is one of the city’s most famous destinations and is situated near to the harbour. The Tombs of the Kings is another star historical destination, as is the Paphos Fort positioned at the marina’s tip.

    With a sunny climate and attractive natural features, there’s likewise plenty of outside entertainment to enjoy in Paphos. Go To the Aphrodite Water Park to keep children of any ages happy, or go to the Pafos Zoo to identify vibrant wildlife in a lush setting. The coastal path extends from the Tombs of the Kings to Geroskipou Beach, providing sweeping views of the Mediterranean for walkers. Sailing, fishing, red wine tasting, and playing golf are also popular pastimes in Paphos.

    Places to eat

    With a large expat population and busy traveler trade, there’s a large choice of international food readily available in Paphos. This varies from the typical fast food joints, such as McDonalds, to gourmet dining at much of the resort restaurants in the area.

    An emphasize of Paphos’ dining scene is its conventional tavernas, which serve regional wine and a full meze spread. Tyrimos Seafood Restaurant is a regional favourite for fresh seafood, serving up squid dishes and a romantic vintage atmosphere.

    Seven St Georges is the go-to destination for meze, with innovative courses based upon seasonal availability. You’ll discover everything from wild asparagus to homemade sausages on the different plates, including a wealth of meatless alternatives.

    Shopping

    Significant shopping centres include The Paphos Mall and Kings Opportunity Mall, both filled with little stores along with larger international brand names. Supermarkets in town include Orphanides Express, Carrefour and Papantoniou, while Debenhams, the British outlet store, has an outlet here.

    The harbour area features rows of independent traveler shops, which are great locations to discover locally made handicrafts, including intricate jewellery, leather products, pottery, embroidery, and lace. Head to Nikodimou Mylona Street for designer stores featuring the most recent fashions.

    Getting there & around

    Paphos International Airport serves the city. Although it’s small, it uses regular services from a number of airline companies, consisting of charter flights from UK trip operators.

    The Larnaca airport is an appropriate alternative option and is just an hour and a half away. Per hour bus services link Paphos Airport with Kato Paphos during the summertime high season. When you have shown up in Paphos, transport is fairly uncomplicated as there are plentiful taxi services.

    Both Kato and Ktima Paphos are small sufficient to explore on foot, and bus services link the two halves of the city. OSYPA is the public transport operator in Paphos, with a newly constructed bus station near the harbour.

    This is also the station that provides the main connections to all neighboring cities and suburban areas, as well as popular sites such as Aphrodite’s Rock. If you’re trying to find a special method to check out the area, donkey flights are available for much shorter ranges.

    Lower Paphos or Kato Paphos, is the main traveler centre, with a palm tree-lined seafront fringed with hotels, restaurants and bars. It’s likewise house to the Paphos Archaeological Park, which is well worth visiting for its centuries of ruins and artefacts.

    The Paphos Archaeological Park is one of the city’s most well-known destinations and is situated near to the harbour. Per hour bus services connect Paphos Airport with Kato Paphos throughout the summer high season. As soon as you have actually arrived in Paphos, transportation is fairly simple as there are plentiful 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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