• Townhouse For Sale in Melándra

    Townhouse For Sale in Melándra

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    Property for Sale in Paphos

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

    Townhouse For Sale in  Melándra 1

    Paphos and the west of Cyprus has bewitched numerous an international buyer, 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 buyers, and it’s easy to see why. You’ve got great beaches, from favourites like Coral Bay to more remote alternatives outside of the city on the Akamas Peninsula. In Paphos itself and the surrounding towns and towns, you have plenty of exceptional tavernas, bars and dining establishments, and Paphos Airport has routine flights year-round back to the UK.

    Townhouse For Sale in Melándra

    And there’s good news for anybody looking to purchase over here– as Dylan tells 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 states, ‘but it is still a buyer’s market. In general, we have actually seen a small boost in rates over the last two to three years. With that being said, Paphos is still among the very best value-for-money locations for property buyers or financiers. We are still no place near the property costs before the financial crisis of 2013, so you might actually be getting in ahead of the curve here. As for the future, we anticipate there to be plenty more developments coming up, but likewise an increase in the resale market with the brand-new builds of the past few years.’

    Rates differ depending upon the location and property, as anywhere, however you can usually be ensured of far better value than back in the UK. Dylan informs us, ‘in general, one-bedroom apartments begin with EUR80,000, two-bedroom houses begin with EUR120,000, while townhouses start 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 costs on average 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 need to– ‘Paphos has a number of terrific blue-flag beaches within short distances. There are likewise numerous developments that have the advantage of communal pools, so you don’t have the specific responsibility of maintaining it, but all the benefits of having the ability to use it!’

    Where are the very best locations to search in Paphos?

    For more affordable spending plans, such as the EUR80,000 to EUR100,000 variety, 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. Chloraka is ideal if you’re looking to be a bit more detailed to the town, and desire a bit more of a buzz.

    Strong returns for buy-to-let investors

    Paphos’ status as one of the tourist capitals of the island guarantees a resilient market for anyone wanting to blurt their home, whether as a full-time leasing or if you’re wanting to blurt your vacation house while you’re not using it. As Dylan informs us, ‘financiers wanting to accomplish good returns are typically buying one- to two-bedroom houses and are trying to find a return on investment of anything from 4% to 10%. Nevertheless, financial investment is not just about the monetary returns; we also have citizenship clients who are looking for an EU citizenship, for which they invest upwards of EUR2,000,000. Interestingly, we have had a couple of British people in this bracket aiming to maintain their EU status with Brexit now pushing ahead’.

    For more info about in Cyprus, and if you wish to be linked to skilled estate agents in Cyprus, simply fill in our enquiry type below and our free Resource Centre will be in touch.

    Paphos and the west of Cyprus has bewitched many a global 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 villages and towns, 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 areas for property purchasers or financiers. Paphos’ status as one of the tourism capitals of the island ensures a resilient market for anybody looking to let out their home, whether as a full-time leasing 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 renowned birth place of the Greek goddess Aphrodite, Paphos provides sea views and mystical ruins right out of ancient folklore. Located on the island of Cyprus, Paphos is divided into two main sections that are connected by a central road.

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

    The old centre of Paphos is called Ktima and it is the business centre of the city where the locals reside. Here you’ll find well-preserved colonial structures along with modern shops and museums.

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

    With a sunny climate and appealing natural functions, there’s likewise lots of outdoor entertainment to enjoy in Paphos. Visit the Aphrodite Water Park to keep kids of all ages delighted, or visit the Pafos Zoo to identify colourful wildlife in a rich setting. The seaside path extends from the Tombs of the Kings to Geroskipou Beach, providing 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 big expat population and bustling traveler trade, there’s a wide selection of international food available in Paphos. This ranges from the normal 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 traditional tavernas, which serve local red wine and a full meze spread. Tyrimos Seafood Restaurant is a local favourite for fresh seafood, serving up squid meals and a romantic vintage atmosphere.

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

    Shopping

    Significant shopping center consist of The Paphos Shopping mall and Kings Opportunity Mall, both filled with small boutiques in addition to bigger worldwide brand. Supermarkets in the area consist of Orphanides Express, Carrefour and Papantoniou, while Debenhams, the British department store, has an outlet here.

    The harbour location features rows of independent tourist stores, which are excellent locations to find locally made handicrafts, consisting of intricate jewellery, leather products, lace, embroidery, and pottery. Head to Nikodimou Mylona Street for designer shops including the latest styles.

    Getting there & around

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

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

    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 public transport operator in Paphos, with a recently built bus station near the harbour.

    This is likewise the station that provides the main connections to all close-by cities and suburban areas, in addition to popular sites such as Aphrodite’s Rock. Donkey flights are offered for shorter distances if you’re looking for a distinct way to explore the area.

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

    The Paphos Archaeological Park is one of the city’s most well-known attractions and is situated near to the harbour. Hourly bus services link Paphos Airport with Kato Paphos during the summer season high season. Once you have actually shown up in Paphos, transport is relatively 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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