Apartments for sale in Paphos
Apartments in Paphos are a potentially profitable purchase for foreigners, suitable for both commercial use and personal living or vacation. The city is located in the southwestern part of the island. Convenient location is one of its main advantages. Paphos is on the coast and is washed by the crystal clear waters of the Mediterranean Sea. The climate is mild, and the weather is sunny. Due to the terrain, the presence of mountains and green forests, Paphos is suitable for seasonal relaxation and as a permanent residence.
The city is considered the ancient capital of the island and the cradle of Christianity. Today, it is one of the most cosmopolitan and densely populated corners of the republic, where profitable and liquid properties in Cyprus are sold. Paphos is most often chosen for living by digital nomads and expat families moving to the island. The atmosphere here is calm, and there is everything necessary for diverse leisure and childrearing. Schools, kindergartens, shops, and many other social infrastructure facilities are operating in the city.
Apartments in Paphos for investment and living are available in a wide range: from studios to penthouses. There are many objects of various sizes, configurations, and styles on the secondary market and in new comfortable buildings. You can choose an apartment in the coastal zone, in the city center, or in a quiet residential area.
Buying an apartment in Paphos gives you the opportunity to become part of the local community. The city offers a rich cultural life, filled with events, exhibitions, and festivals that will surely interest you. Be sure to try Cypriot cuisine, visit traditional markets, and take a walk through historical landmarks.
For selecting apartments in Cyprus according to your goals and budget, please contact a manager on our website.
Apartments prices in Paphos
The price of apartments in Paphos can vary significantly depending on many factors, such as location, size, condition, and prestige of the building. On average, the cost of apartments in Paphos is €313,333. Below are the average prices for residential units depending on the number of bedrooms:
- Studios – €201,833;
- 2-bedroom apartments – €259,000;
- 3-bedroom apartments – €380,833;
- 4-bedroom penthouses – €554,800;
- 5-bedroom penthouses – €1,013,
In the city center or on the coast, the cost may be higher, especially if the apartments have a sea view or are located in luxurious complexes. Therefore, to clarify the current prices in euros and dollars, it is better to contact a specialist on the Cyprus-Real.Estate website.
Investment apartments in Paphos
Investing in flats in Paphos is a purchase with excellent potential. The city has created a favorable environment for investors, where real estate is a safe and long-term asset.
Paphos is popular among tourists from all over the world. Year after year, the number of visitors grows, making the rental of apartments in the region in demand. It is an excellent opportunity to earn a stable income throughout the year. With rental housing in the city, the average return on investment reaches 9.11% per year.
Additional arguments that may convince you to buy flat in Paphos for investment include:
- Paphos offers a wide selection of apartments, from compact studios and large apartments to luxurious penthouses. This allows investors to choose objects that match their budget and goals.
- Price growth. Demand for real estate in this area is increasing, which will lead to the appreciation of your property in the future and more profitable resale if necessary. Over the past year, apartment prices here have risen by 31%, confirming their good capitalization.
- Residency for investment. You can buy apartment in Paphos for €300,000 and apply for a long-term visa for yourself and your family members.
It is essential to note that before deciding to buy housing for investment, you should conduct thorough market research and consult with real estate specialists.
Buying apartment in Paphos
Dreaming of buying a villa in Cyprus? Cyprus-Real.Estate has prepared a pool of properties for you at developer prices in the best corners of the island state! Find out the cost of flats for sale in Paphos, and get detailed consultation on buying and selling from a manager to start your journey in the foreign real estate market successfully and safely!