Paphos Property

Are you looking for Paphos property? A holiday home on the Island is an ideal investment which can also be purchased as a buy to let option. Sold on Cyprus can provide you with a wide of range of Paphos property.

How to purchase and find the right Paphos property

Essential Guidelines when looking at Paphos property

Purchasing Paphos property is a safe and painless experience, as long as a reputable agent is used. Remember professional agencies will only work with professional developers.

Sold on Cyprus will guide you through all the procedures helping you to purchase your dream home in the sun easily and safely.

Useful Notes when considering Paphos property

The island has high beneficial tax incentives for foreign investors.

Stability and high future investment came with EU accession in May 2004.

Since the island has become part of the EU, foreigners are now able to open a business, work, live and purchase more than one Paphos property.

Being able to purchase more than one house or apartment opens up the ability to invest in properties for rental income as well as investment growth (buy to let).

Hidden Costs

Solicitor fees are approximately Cyp 1000.

Stamp duty has to be paid by the purchaser within 30 days of signing the contract of sale. The payable rate in Cyprus is Cyp 1.50 per thousand up to Cyp 100,000, and then Cyp 2.00 per thousand over and above Cyp 100,000. This is normally paid by the solicitor on behalf of the purchaser and added to their fees.

Title Deed Transfer Fees: When the title deeds for the property are issued, a fee is incurred to transfer the freehold ownership to the new owner. These fees are listed below.

In addition it should be noted that if the contract of sale is in 2 names the calculated values are halved and applied to each person. Therefore a property valued at Cyp 90,000 in 2 names would mean Cyp 45,000 each and only 3% each payable. It should also be noted that title deeds take approximately 3-5 years to be issued however the property value is calculated at time of purchase as per contract of sale.

Viewing Trips: Paphos property

Sold on Cyprus is very different from other ‘agents’ you may have experienced. We place high priority on finding the Paphos property that you are looking for. Afterwards we leave you to make a decision within a time convenient to yourselves and do not pressurize clients to commit whilst on the inspection trip.

Sold on Cyprus is able to arrange a site visit to the area of your choice by recommending best airlines from your UK location and finding accommodation to suit your needs, from 5* luxury to low priced and convenient bed and breakfasts with favourable rates e.g. Monday to Thursday midweek break or Friday to Monday weekend for as little as £45 (CYP) per person for 3 nights including breakfasts.

We will arrange airport transfers and convenient site visitations to look at Paphos property. We are also able to introduce you to solicitors and banks for friendly free consultations.

Sold on Cyprus provides a comprehensive range of new properties to buy on the beautiful island. We will support you in finding the right Paphos property and give step by step guidance through every phase of the buying process. Additionally, Sold on Cyprus offers an efficient and professional online service, helping you to gain an overview of the Paphos property.

The Island

Cyprus is an island of legends that basks year-round in the light of the warm Mediterranean sun. A storied past 10,000 years long has seen civilizations come and go and the likes of everyone from Alexander the Great to Cleopatra stake their claim here but then, people do tend to get possessive when faced with such beauty. Aphrodite made her home on the Island, and travellers throughout antiquity came here just to pay her tribute.

Today it is a modern country that effortlessly marries European culture with ancient enchantment. Here you will discover a compact world of alluring beaches and fragrant mountain peaks, vineyards studded with olive trees and ancient ruins that stir the imagination, citrus groves and old stone villages where sweet wine flows as freely as conversations at the local café. It is a carefree place where a sense of timelessness is magnified by the kindness of the people.

Sold on Cyprus covers all regions so if what you are looking for is not listed in our Paphos property list, please contact us and let us know your specific requirements. We offer properties for sale or to rent, the Paphos property we currently have in our database can be viewed here.

Paphos

The town is blessed with a natural beauty that ranges from golden beaches and rugged coastlines to rolling hills and forest clad mountains, dotted with picturesque villages, the ideal area to buy Paphos property.

This charming town is located on the west coast of Cyprus. Its focus is around an attractive harbour, whose picturesque open air fish restaurants line a quayside of fishing boats.

Paphos has an air or holiday charm combined with history. The main shopping area is found in the upper part of the town where the buildings are of an olden-day classical style. The lower part of the town know as Kato Paphos has a life of its own - close to the sea, the harbour, souvenir shops and several beautiful hotels and surrounded by important archaeological sites.

The recent addition of its own international airport opened up the Paphos area; making it a convenient area for UK based Paphos property investors.

Peyia village is located 19 km north-west of Paphos. While sitting at one of the local coffee shops sipping Greek coffee you can enjoy the panoramic sea views. In Peyia, do not forget to quench your thirst at the picturesque fountains which can be found in the beautiful stone-paved village square. 41/2 km from the village, near the fishing refuge, are the ruins of two early Christian basilicas with interesting mosaic floors.

Further to the north, the Baths of Aphrodite are on most travellers’ must-see list. The grotto where the goddess is said to have bathed is lovely but the glorious Akamas peninsula is unrivalled.

Further north of the Baths of Aphrodite lies the resort-town of Polis. Beautiful houses, dating to the beginning of this century, can still be seen here. This small quaint town overlooks the lovely with its charming fishing shelter of Latsi. The relatively unspoilt outlook of the countryside and villages would delight the walker and the naturalist. Due to its excellent climate and beautiful beaches and scenery, it is now developing into a popular resort. The villages of Pomis and Pyrgos that lie east of Polis are located on stunning rocky cliffs and pebbly beaches.

Further Information