Properties for sale in Paphos
Real Estate in Paphos – the investment advantages of the Cyprus market!
Are you planning to start investing your savings in the real estate sector? You arrived at the right place. In the following paragraphs we get to know one of the most attractive destinations in the global real estate market for the eyes of many investors – Paphos in Cyprus. Many investors from all over the world give up on investing in the local market and choose the Cyprus market. Why is? The real estate market in Cyprus in general and in Papua in particular promises investors many advantages. In the following news, we will find them. Are you worried about investing beyond the sea? The following article touched on the ways that millions of investors use to manage investments away from their home.
History of the local market.
So why Paphos in Cyprus? To fully answer this question, it is important to take a few important data in advance about the state of the real estate market in Cyprus. The real estate market in Cyprus experienced a major crisis in 2008, a year of global economic crisis. The price of housing in the place shaded by 50% and there are no areas that have managed to dive a little deeper. Prices instead dropped for years and only in 2018 began to turn the trend. Since then (except for the corona changes that have hurt the current rise wave across the island) Cyprus in general and Paphos in particular, are in a steady and secure rise trend. In 2023, the Perpetual recorded a significant rise of about 8% which many know symbolizes the beginning of a long-term rise wave.
Low prices and a long rise trend!
Many real estate investors from all over the world are choosing to take advantage of the current situation in the local market and buy real estate in Paphos on all investment routes. On the one hand, housing prices are still low, as they have experienced a decrease in prices by tens of percent and have since largely collapsed, and on the other hand there are many signs that indicate a trend reversal – which is expected to lead to long-term rises. Beyond the great potential for rewarding, the domestic market in Cyprus allows even small investors with limited equity to renew in high-quality and renovated properties located within a luxury. The price of an old-room apartment in the suburbs of Israel will be more expensive than the price of a new apartment totaling about 50 square meters in the outskirts of Louisiana. Sounds interesting? In the next paragraph we will get to know one of the most attractive cities on the island – Paphos.
Meet Paphos, a beach town.
Paphos is a coastal city that hosts many tourists every year and is based on trade and allows access to the international market by means of a port and airport located in the territory. The city includes only about 60,000 locals but delays in the territory about 2,000,000 tourists each year. Many tourists include many advantages for investors. First, they raise the demand for housing in the area, which supports the price holders. Second, they allow investors to buy tourist properties and offer them for short-term rentals. A rule of thumb that is important to know – a short-term rental generates higher percentage returns than a long-term rent. It is important to emphasize that the local government recognizes about tourists and aims to host more tourists in the coming years.
Prices and Revenue – Know the Numbers
How much does it cost? As mentioned above, less than the price of an apartment in Israel. Housing prices in Paphos allow even small investors with low equity to find attractive assets for investment. The price of a local studio apartment totaling about 55 square meters will range from 75,000 euros to about 120,000 euros – depending on the different areas of the city and the status of the property. For 300,000 to 480,000 shekels it would have been possible to buy properties in sought-after areas in Israel about two decades ago. For comparison, the average price of an apartment in Israel exceeded 1,900,000 shekels! What about the percentage of income from the rent? Also in this section, the Cypriot market is excellent compared to Israel and most of the countries of the world. Property in Paphos will give investors between 6% and 10% return per year. For comparison, the percentage of income from renting properties in Israel is between 2% and 4% at most.
Investment routes in Cyprus
If not enough, it is important to know that many investors choose different investment paths that succeed in yielding high returns. One of the most common routes chosen by real estate investors in Paphos is the tourist route. Another path is the Axit path that allows for a rapid and significant growth in equity. We have summarized for you all the highlights that you should know about the common investment paths in Paphos in the following table:
| average returns ranging from 6% to 10% each year. | path that includes the purchase of real estate in Paphos and its long-term rental. This path is characterized by a low level of risk and no current transactions | Real Estate provides a secure investment |
| average returns ranging from 10% to 20% each year. | path that includes the purchase of real estate in Paphos and its lease for short periods for tourists. This path is characterized by a slightly higher level of risk and requires continuous engagement | Real Estate is a tourist investment |
| average return rate is between 10% and 30% per transaction. | path that involves buying a property in Paphos at a price lower than the market price and selling it at a market price or even slightly higher. This path is characterized by a high level of risk and requires knowledge and experience. | Exit transactions are an investment |
In conclusion, Paphos in Cyprus includes many investment benefits!
In conclusion, the city of Paphos has many investment benefits for many investors from all over the world. Beyond the above-mentioned benefits, it is important to know that the local government supports foreign investors and gives them all the benefits. Local taxation is also considered relaxing and the fact that the real estate pearl is located just an hour’s flight away from Israel is a significant advantage for Israeli investors. Do you want too? Property in Paphos will allow you to enjoy good prices combined with high yields!
