Property in Paphos Town
Paphos has an air of holiday charm combined with outstanding natural beauty and scenery, fascinating historical sites and striking embodiments of Greek mythology. The recent opening of its own airport has done much to open up the Paphos area, and its tourist infrastructure - luxury hotels, restaurants and shops - is more than adequate to the challenge.
The holiday home property market in Paphos is booming and property is in high demand. Indeed, Paphos has become the most popular property buying location in Cyprus.
Paphos currently offers an abundance of off-plan property purchases, including luxury villas, beachfront properties and a range of apartments. The obvious advantage here is the capital appreciation that takes place between the purchase and completion dates. Indeed, property in Paphos boasts a capital growth record, a trend that is set to continue with Government-backed plans to add several marinas and 11 golf courses to the Paphos area.
Not surprisingly, the property rental market is similarly strong. Summer rental returns can easily turn an investment into a self-financing project, adding handsomely to the good investment returns achieved through property capital growth.
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