Property in Peyia
Peyia’s proximity to the resort of Coral Bay (just 5 km south west) first put the village on the developer’s map. While bursting with its own offerings - outstanding natural beauty and scenery, historical sites, a variety of outdoor activities and laidback restaurants - Peyia also provides the perfect antidote to the hustle and bustle of nearby Paphos.
Peyia is about a half hour drive from Paphos airport, making property in Peyia easily accessible. The significant British influence in the region will also appeal to many investors. English is understood by almost everyone, and appears on every street sign.
Because of the steadily increasing number of tourists to Paphos and Coral Bay, holiday homes in Peyia continue to increase in value. At the same time, however, properties in Peyia offer good value for money compared with both other parts of the island and other popular country destinations like Spain, Portugal and Italy. Thanks to the region’s growing tourist industry and its fertile buy-to-let investment market, opportunities to buy or sell property in Peyia come fast and furious. Indeed, Peyia has become one of the best areas for rental properties since Cyprus joined the EU Community.
For those who desire a holiday home, an investment in Peyia ensures the buyer not only utter enjoyment, but the assurance that they will realise profit on the future sale of the property at any time.
Whichever way you look at it, purchasing property in Peyia now will secure a solid investment with the certainty of a profitable return.
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