| paphosfinder.com | Paphos property boom |
| Home | Properties for sale | Long term rent | Holiday Let | Find property | Pictures |
| You are here > Home > Incoming Paphos property boom |
| PAPHOS PROPERTY BOOM ON THE HORIZON For several years now properties in the Paphos district have been increasing in value, some of which have more than doubled in value. In the main capital growth is dictated by demand, quality villas particullary in suburban and rural areas have maintained steady growth, whilst town-apapartments and town-houses have sesawed, suffering from reduced demand, because many were marketed for sale on the Buy to Let principle, sadly tourisim has declined in recent years and that meant there were less holidaymakers to rent low-end market properties. This is not to say all apartments here are let to holiday makers, many purchasers invested wisely in holday homes for therselves and families to enjoy. There are big changes looming and once again Paphos will be filled to bursting point with tourism, every available apartment, house or villa will be let through peak season and more with the demand coming from wealthier stock, indeed many more properties will need to be built to cater for the masses who will desend upon Paphos, all looking for their own piece of paradise. With the advent of the new marina at Podima/Coral Bay, Paphos, due to be constructed imminently, prices for all properties close to the marina, namely Kissonerga, Tala, Emba, Chloraka,Coral Bay, Peyia and Sea Caves. A consortium of large local companies has won the tender and is obliged to complete the construction in the next three years. The marina will be able to moor approximately 1000 vessels and will also contain restaurants, bars, other shops and further leisure facilities. A large number of jobs will be created and demand for rental accommodation will increase tremendously, therefore those seeking a top investment opportunity should buy now. History has generally proven itself to be a great teacher and marinas at other Mediterranean locations have set the benchmark for how prices will increase. For further information contactus@paphosfinder.com UK Freephone: 0800 822 3978 CY Freephone: 8000 9990 |
All rights reserved. Copyright © 2001-2007 by Paphosfinder.com 34 Miltiadi Stylianou Avenue, Tala Village, 8577, Paphos (Pafos), Cyprus Tel: (00 357) 26 654 108 Mobile: (00 357) 99 380 218 Fax: (00 357) 26 815 321 |