Cyprus is an island nation in the Eastern Mediterranean, located 340 km south of Turkey and 100 km west of Syria. It is the third largest island in the Mediterranean, after Sicily and Sardinia.
Cyprus has a rich history spanning over 9,000 years. Traces of ancient civilizations have been found on the island, including the Minoans, Mycenaeans, Greeks, Romans, Byzantines, Crusaders and Turks.
Cyprus is also home to many famous historical figures, including Aphrodite, goddess of love and beauty, and Saint Paul, Apostle of Christ.
Paphos: the second largest city in Cyprus
Paphos is the second largest city in Cyprus, located on the southwestern coast of the island. It is known for its ancient ruins, beautiful beaches and developed infrastructure.
Paphos was founded in the 12th century BC and was an important trading port during the Roman era. The city has preserved many historical monuments, including the ruins of the ancient city, Paphos Castle, the catacombs of St. Solomon and the temple of Aphrodite.
Paphos is also a popular tourist destination. There are beautiful beaches here, such as Paphos Bay, Coral Bay and Akrotiri.
Property in Paphos: an attractive market for investors
Property in Paphos is very popular from investors. Here you can find both budget apartments and luxury villas.
The cost of real estate in Paphos depends on the type of property, its location and condition. On average, the cost of a one-room apartment in Paphos is about 100,000 euros, and a two-room apartment - about 150,000 euros.
How to buy property in Paphos
To to buy property in Paphos, a foreign citizen needs to obtain a purchase permit. This permit can be obtained from the Property Registry Office of the Ministry of the Interior of Cyprus.
The following documents are required to obtain a purchase permit:
- Passport
- Foreign passport
- Birth certificate
- International passport
- Marriage certificate (if applicable)
- Tax residency certificate
- Proof of income
- Proof of funds to pay for real estate
The process of obtaining a purchase permit can take from several weeks to several months.
After obtaining permission to purchase, you can start searching for real estate. To do this, we recommend using the services CYPRUS FOR INVESTMENTS LTD or search for real estate on the Internet yourself.
When choosing a property in Paphos, the following factors should be taken into account:
- Type of property: You can find apartments, villas, houses, offices and commercial premises in Cyprus.
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- Location: Paphos is located on the southwest coast of Cyprus. There are both beach areas and quieter areas in the city center.
- Cost: The cost of property in Paphos depends on the type of property, its location and condition.
After choosing a property, it is necessary to conclude a contract of sale. The contract must be drawn up in English and notarized.
After signing the contract of sale, a deposit of 10% of the property value must be paid. The rest of the amount must be paid within 30 days after signing the contract.
After paying for the property, you must register the ownership of the property. To do this, you must contact the real estate registration department at the Ministry of Internal Affairs of Cyprus.
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