Cyprus Mail
Company News

Paphos remains the most popular district for 11 consecutive months

Beautiful and picturesque Paphos as the new cosmopolitan region in Cyprus is once again becoming the attraction for the majority of the European and Non-European buyers and entrepreneurs. The historic town of Paphos and the entire natural province is the safest and most secure area on the Island, for the whole family.

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 39.6% in comparison to Limassol which follows with 30.1%.   Larnaca is 3rd with 15.9% and lastly Famagusta with 9.2% and Nicosia with just 5.2%.

During the first ten months of 2018, a total of 4017 property sale contracts were deposited by overseas buyers, with 1293 deposited by EU nationals and 2724 by non-EU nationals.

The same time, during the same period the total number of contracts deposited at the Land Registry office has risen 17% compared to the ones deposited during the corresponding period of last year.

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