The 5 Best Areas For Real Estate Investment In Paphos
Paphos is a beautiful coastal city located on the southwestern coast of Cyprus. It is one of the most popular tourist destinations in Cyprus and has become a hot spot for real estate investment. The city offers a wide range of properties including apartments, villas and plots of land to invest in. Here are the top 5 areas for real estate investment in Paphos, Cyprus:
- Kato Paphos
Kato Paphos is the main tourist hub of Paphos and remains the most popular area for real estate investment. It is located near the seafront and is home to the famous Paphos harbor, which attracts thousands of tourists every year. The area is full of amenities such as restaurants, bars, supermarkets, and shops, making it an ideal location for holiday rentals. Property prices in Kato Paphos have been increasing steadily over the past few years due to high demand from both local and international buyers.
- Coral Bay
Coral Bay is a beautiful seaside resort located about 12 km north of Paphos. It is known for its stunning beaches and crystal-clear waters, and it is becoming an increasingly popular area for real estate investment. The area is predominantly residential and boasts a wide range of properties, including apartments and villas. Property prices in Coral Bay are slightly higher than in other areas of Paphos due to the popularity of the area among tourists.
Tala is a traditional Cypriot village located about 8 km north of Paphos. It is situated on a hilltop and offers breathtaking views of the Mediterranean sea. Tala is a quiet and peaceful area with a low population density, making it an ideal location for those who value privacy and seclusion. Property prices in Tala are relatively affordable compared to other areas in Paphos, making it an attractive option for buyers looking for a bargain.
Peyia is a large village located about 14 km north of Paphos. It is situated on a hilltop and offers stunning panoramic views of the surrounding countryside and the sea. The area is popular among expats and retirees, as it is quiet and peaceful, yet close enough to all the necessary amenities. Property prices in Peyia are relatively affordable compared to other areas in Paphos, making it an attractive option for those on a tight budget.
Chloraka is a small village located about 5 km north of Paphos. It is situated near the seafront and offers easy access to the beach. The area is popular among locals and tourists alike, as it is home to a variety of shops, restaurants, and other amenities. Property prices in Chloraka are relatively affordable compared to other areas in Paphos, making it an attractive option for first-time buyers.
In conclusion, Paphos offers a wide range of properties to invest in, and each area has its own unique selling points. Whether you’re looking for a bustling tourist hub or a quiet and peaceful retreat, Paphos has something to offer everyone. However, make sure you do your research and seek professional advice before investing in real estate in Paphos.