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REAL ESTATE

brought to you by Deloitte

Paphos Favoured by the Majority of European Buyers and Investors

Paphos Favoured by the Majority of European Buyers and Investors

Paphos is in the lead as the most popular district for overseas buyers especially from Europe and Non-Europeans for the period January- October 2018 by 39.9% in comparison to Limassol which follows with 29.6%.   Larnaca is 3rd with 16.0% and lastly Famagusta with 9.3% and Nicosia with just 5.2%.

During the first ten months of 2018, a total of 3589 property sale contracts were deposited by overseas buyers, with 1150 deposited by EU nationals and 2439 by non-EU nationals.

The same time, during the same period the total number of contracts deposited at the Land Registry office has risen 19% compared to the ones deposited during the corresponding period of last year.

The area of Paphos as the most cosmopolitan and beautiful region in Cyprus is once again becoming the attraction for the majority of the European and Non-European buyers and entrepreneurs. The town of Paphos and the entire picturesque province is the safest and most secure area on the Island, where one can live, work and holiday.

For many people Paphos seems to be amongst other elite new and trendy Cities, emerging as an increasingly attractive destination.

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