Paphos the top property choice for overseas buyers


Paphos continues to present for the first eight months of 2015, the highest figure in property purchase contracts by foreign buyers submitted to the Department of Land and Registry during this period, by 39%, followed by Limassol with 26%, third Larnaca with 20% and lastly Famagusta with 8% and Nicosia 7%.

Paphos has managed with the continuous and targeted efforts made by local property developers to remain in first position and to attract foreign buyers and investors who express their preference mainly in beachfront villas or apartments in organized property developments which provide security, convenience and multiple services.

Paphos along with its very attractive regions and natural beauties, enhanced by sweetened winters and breezed summers as well as the quality of life continue to attract foreign buyers and investors.  It seems that Paphos is taking the lead as the prime destination in the property market and the best choice to have a Permanent Residency for buyers from overseas.  Furthermore, Paphos is moving unhurried but steadily towards their preparation to warmly welcome the thousands of tourist, visitors and investors expected in town, as Paphos has been selected as the European Capital of Culture for 2017.  

Like the previous year the property development sector continues to be the mainstay of our region’s economy contributing decisively to the progress and development of it, said among others, the Group Marketing Director of Leptos Mr. Sakis HadjiAlexandrou, who also asked government officials to continue helping with the procedures and incentives, as well as with the implementation of major projects for which the contribution to the GDP is believed to be enormous.

Photo: Aerial photo of Paphos