Paphos is a popular expat property destination
Cyprus has several locations that may be of interest to property buyers from overseas. However, some of them tend to be a lot more expensive than others, because of the quality of housing as well as their high demand. Paphos is a popular expat property destination
The Culture Capital of the island, Paphos boasts a rich cultural heritage and numerous attractions like the Adonis Baths Water Falls, the Kato Paphos Archaeological Park and the Tombs of the Kinds. With its natural beauty and a wide variety of high-quality property, this has become one of the most sought-after regions in Cyprus. Families with children also prefer residing in this area, since it has a number of good local and international schools. Paphos has its own airport and hospitals; at the same time, it is well connected to the other locations across the island.
Fortunately, people can find houses to suit their preference by the sea, close to the beach, on a golf course, or in the middle of nature. Depending on the location you choose, you are likely to pay –
• Between € 100,000 (US $ 111,975; £ 87,412) and € 230,000 (US $ 257,542; £ 201,048) for a 2-bedroom apartment
• Between € 200,000 (US $ 223,950; £ 174,824) and € 325,000 (US $ 363,918; £ 284,089) for a townhouse
• Between € 410,000 (US $ 459,097; £ 358,389) and € 510,000 (US $ 571,072; £ 445,802) for a villa
Since the prices of property on this part of the island are rising faster than the rest of the country, it is important for potential investors to move fast.