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    Property for Sale in Paphos

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

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    Paphos and the west of Cyprus has bewitched many a global purchaser, especially those people from the UK. However where’s hot in Paphos in 2020, which are the very best locations to purchase and what will you pay? We spoke with Dylan Maratheftis of West Coast Property to discover more.

    Paphos has long been popular with British buyers, and it’s simple to see why. You’ve got wonderful 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 lots of outstanding tavernas, bars and restaurants, and Paphos Airport has regular flights year-round back to the UK.

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    And there’s great news for anyone looking to purchase over here– as Dylan informs us, it’s a fun time to buy.

    Buying ahead of the curve

    ‘ There has been a modification in the market due to currency change,’ Dylan states, ‘but it is still a buyer’s market. With that being said, Paphos is still one of the finest value-for-money areas for property purchasers or financiers.

    Rates vary depending on the area and property, as anywhere, but you can typically be assured of much better worth than back in the UK. Dylan informs us, ‘in general, one-bedroom apartment or condos start from EUR80,000, two-bedroom houses start from EUR120,000, while townhouses start at around EUR140,000 and villas at EUR200,000.’ When it comes to extra costs, Dylan encourages to budget around 2.5-6%, with add-on costs typically being around the 4% mark.

    As for extras, if you’re looking at a property with a pol, expect maintenance and so on to be around EUR100 a month. However, it’s not a should– ‘Paphos has a number of great blue-flag beaches within brief ranges. There are likewise numerous developments that have the advantage of communal swimming pools, so you don’t have the individual responsibility of maintaining it, but all the advantages of having the ability to use it!’

    Where are the best locations to look in Paphos?

    A number of the most popular locations, like Mamónia, Universal, will see slightly greater costs. 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 excellent dining establishments and has seen a reasonable quantity of new advancements over the last few years. Chloraka is perfect if you’re looking to be a bit more detailed to the town, and want a bit more of a buzz. Peyia, on the other hand, is a bit further 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 buoyant market for anybody wanting to discharge their home, whether as a full-time leasing or if you’re seeking to discharge your vacation house while you’re not using it. As Dylan informs us, ‘financiers looking to accomplish great returns are generally buying one- to two-bedroom apartments and are trying to find a roi of anything from 4% to 10%. However, investment is not practically the monetary returns; we also have citizenship clients who are looking for an EU citizenship, for which they invest upwards of EUR2,000,000. Surprisingly, we have had a few British residents in this bracket seeking to maintain their EU status with Brexit now pushing ahead’.

    For more information about in Cyprus, and if you wish to be connected to expert estate agents in Cyprus, simply fill in our enquiry kind below and our totally free Resource Centre will be in touch.

    Paphos and the west of Cyprus has bewitched many a worldwide buyer, particularly 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 towns and towns, you have plenty of outstanding tavernas, bars and dining establishments, and Paphos Airport has regular flights year-round back to the UK.

    With that being said, Paphos is still one of the finest value-for-money areas for property purchasers or investors. Paphos’ status as one of the tourist capitals of the island guarantees a buoyant market for anyone looking to let out their house, whether as a full-time leasing or if you’re looking to let out your holiday home while you’re not utilizing it.

    The Paphos area guide

    Things to do

    The famed birth place of the Greek goddess Aphrodite, Paphos uses 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 connected by a central roadway.

    Lower Paphos or Kato Paphos, is the main tourist centre, with a palm tree-lined seafront fringed with hotels, restaurants and bars. Beyond the dynamic bars and night life of the tourist strip, you’ll find a relaxing promenade and peaceful backstreets dotted with historical churches and intriguing stores. It’s likewise home to the Paphos Archaeological Park, which is well worth visiting for its centuries of artefacts and ruins.

    The old centre of Paphos is referred to as Ktima and it is the industrial centre of the city where the residents live. Here you’ll discover well-preserved colonial buildings alongside modern stores and museums.

    The Paphos Archaeological Park is among the city’s most famous tourist attractions and lies near to the harbour. This park houses a substantial collection of artefacts and treasures which go back to the 2nd century BC. You could spend a number of days exploring these gems, some highlights include a Hellenistic theatre and limestone Roman Odeon, as well as some of the most detailed mosaics in the Mediterranean. The Tombs of the Kings is another star archaeological destination, as is the Paphos Fort positioned at the marina’s idea.

    With a warm environment and appealing natural features, there’s also plenty of outdoor leisure to enjoy in Paphos. Cruising, fishing, wine tasting, and golfing are likewise popular leisure activities in Paphos.

    Places to consume

    With a big expat population and bustling traveler trade, there’s a large selection of global food available in Paphos. This ranges from the common junk food joints, such as McDonalds, to premium dining at a number of the resort restaurants in the area.

    An emphasize of Paphos’ dining scene is its standard tavernas, which serve local wine and a complete meze spread. Tyrimos Seafood Restaurant is a local favourite for fresh seafood, dishing out squid dishes and a romantic vintage environment.

    7 St Georges is the go-to destination for meze, with innovative courses based upon seasonal accessibility. You’ll find everything from wild asparagus to homemade sausages on the different plates, consisting of a wealth of meatless choices.

    Shopping

    Major shopping center consist of The Paphos Shopping center and Kings Opportunity Shopping center, both filled with small stores along with bigger worldwide trademark name. Supermarkets in town include Orphanides Express, Carrefour and Papantoniou, while Debenhams, the British outlet store, has an outlet here.

    The harbour location includes rows of independent tourist stores, which are excellent places to discover in your area made handicrafts, consisting of intricate jewellery, leather products, lace, embroidery, and pottery. Head to Nikodimou Mylona Street for designer stores including the most recent styles.

    Getting there & around

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

    The Larnaca airport is an appropriate alternative choice and is just an hour and a half away. Hourly bus services connect Paphos Airport with Kato Paphos during the summer high season. Transport is fairly simple as there are abundant taxi services once you have arrived in Paphos.

    Both Kato and Ktima Paphos are little enough to check out on foot, and bus services connect the two halves of the city. OSYPA is the public transportation operator in Paphos, with a newly built 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 looking for a distinct method to check out the location, donkey flights are offered for much shorter distances.

    Lower Paphos or Kato Paphos, is the primary tourist centre, with a palm tree-lined seafront fringed with hotels, bars and restaurants. It’s likewise 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 popular destinations and is situated near to the harbour. Per hour bus services link Paphos Airport with Kato Paphos during the summertime high season. As soon as you have actually shown up in Paphos, transportation is fairly straightforward 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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