• Hotel For Sale in Axýlou

    Hotel For Sale in Axýlou

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    Property For Sale in Cyprus

    Property for Sale in Paphos

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

    Hotel For Sale in Axýlou 1

    Paphos and the west of Cyprus has bewitched lots of a global purchaser, particularly those people from the UK. Where’s hot in Paphos in 2020, which are the best places to buy and what will you pay? We talked to Dylan Maratheftis of West Coast Property to discover more.

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

    Hotel For Sale in Axýlou

    And there’s good news for anyone aiming to purchase over here– as Dylan tells us, it’s a fun time to purchase.

    Purchasing ahead of the curve

    ‘ There has actually been a change in the market due to currency variation,’ Dylan states, ‘but it is still a purchaser’s market. With that being stated, Paphos is still one of the finest value-for-money locations for property buyers or financiers.

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

    When it comes to extras, 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 need to– ‘Paphos has a number of fantastic blue-flag beaches within short ranges. There are also lots of advancements that have the advantage of common swimming pools, so you don’t have the private obligation of preserving it, however all the advantages of being able to use it!’

    Where are the best places to search in Paphos?

    Many of the most popular areas, like Axýlou, Universal, will see slightly higher rates. For more budget-friendly budgets, such as the EUR80,000 to EUR100,000 range, Dylan advises 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 dining establishments and has seen a fair quantity of brand-new developments in recent years. Chloraka is perfect if you’re looking to be a bit better to the town, and desire a bit more of a buzz. Peyia, on the other hand, is a bit further inland and best for access to the Akamas Peninsula.

    Strong returns for buy-to-let investors

    Paphos’ status as one of the tourist capitals of the island assures a buoyant market for anyone looking to let out their home, whether as a full-time rental or if you’re looking to let out your holiday house while you’re not using it. As Dylan tells us, ‘investors looking to achieve great 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 additional information about in Cyprus, and if you wish to be connected to expert estate representatives in Cyprus, just fill in our query type listed below and our free Resource Centre will be in touch.

    Paphos and the west of Cyprus has actually bewitched numerous a worldwide buyer, especially 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? In Paphos itself and the surrounding towns and villages, you have plenty of exceptional 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 buyers or financiers. Paphos’ status as one of the tourist capitals of the island ensures a buoyant 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 home while you’re not using 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 folklore. Found on the island of Cyprus, Paphos is divided into 2 main sections that are linked by a main roadway.

    Lower Paphos or Kato Paphos, is the main traveler centre, with a palm tree-lined seafront fringed with hotels, restaurants and bars. Beyond the bustling bars and nightlife of the traveler strip, you’ll find a relaxing boardwalk and peaceful backstreets dotted with intriguing boutiques and historic churches. It’s also home to the Paphos Archaeological Park, which is well worth going to for its centuries of artefacts and ruins.

    The old centre of Paphos is known as Ktima and it is the commercial centre of the city where the locals live. Here you’ll discover well-preserved colonial buildings together with modern stores and museums.

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

    With a warm environment and attractive natural functions, there’s likewise lots of outside leisure to enjoy in Paphos. Check Out the Aphrodite Water Park to keep children of any ages pleased, or go to the Pafos Zoo to find colourful wildlife in a lavish setting. The coastal path 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 eat

    With a large expat population and dynamic traveler trade, there’s a large selection of international food available in Paphos. This varies from the common junk food joints, such as McDonalds, to gourmet dining at many of the resort dining establishments in the area.

    A highlight of Paphos’ dining scene is its standard tavernas, which serve local red wine and a complete meze spread. Tyrimos Seafood Restaurant is a local favourite for fresh seafood, providing squid meals and a romantic vintage environment.

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

    Shopping

    Major shopping center consist of The Paphos Shopping mall and Kings Opportunity Shopping center, both filled with little boutiques in addition to bigger worldwide brand names. Grocery stores in the area include Orphanides Express, Carrefour and Papantoniou, while Debenhams, the British department store, has an outlet here.

    The harbour area includes rows of independent tourist stores, which are good places to find locally made handicrafts, including detailed jewellery, leather items, pottery, lace, and embroidery. Head to Nikodimou Mylona Street for designer boutiques featuring the most recent fashions.

    Arriving & around

    Paphos International Airport serves the city. It’s small, it provides regular services from a number of airline companies, including charter flights from UK tour operators.

    The Larnaca airport is an ideal alternative option and is just an hour and a half away. Per hour bus services connect Paphos Airport with Kato Paphos during the summer season high season. Transportation is fairly uncomplicated as there are plentiful taxi services when you have actually gotten here in Paphos.

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

    This is also the station that provides the primary connections to all neighboring cities and residential areas, as well as popular sites such as Aphrodite’s Rock. Donkey flights are readily available for shorter ranges if you’re looking for an unique method to check out the area.

    Lower Paphos or Kato Paphos, is the primary tourist centre, with a palm tree-lined seafront fringed with hotels, bars and dining establishments. It’s also home 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 located near to the harbour. Per hour bus services connect Paphos Airport with Kato Paphos throughout the summer high season. When you have actually gotten here 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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