Until recently, the resale property market in Paphos was immature and was classed as 'in its infancy'.
Traditionally properties were built within tight knit circles and quite often for the family on demand.
Very little was built on spec to be completed as property for sale on the open market.
Things have significantly changed, particularly in the so called tourist sector, attributable to the influx of foreign investment.
Many town houses, apartments and properties on project like developments have been completed and sold, sadly there are many more standing half completed or near empty and made worse by the global economic downturn, never the less some apartments and town houses are finding their way back onto the market as resale properties, although the majority are without Title Deeds at present, due to the lengthy and cumbersome Cypriot legal processes.
Some developers, having noticed massive upturn in demand between 1999 and 2005, decided to build on spec and offer the properties for sale off plans, sadly many of the wrong types of apartments and villas were built, since their primary function was holiday accommodation and naturally not suited for those wishing to live here permanently.
The new marina being constructed in Paphos will almost certainly increase the tourist market again and we anticipate great demand for holiday accommodation once more. We cannot stress enough to prospective purchasers the importance of properly differentiating between holiday accommodation and residential homes.
Our sales team are on hand to assist you with these important decisions, as well as showing you various properties according to the criteria which you set for your new home. We also strongly advise you to seek properties with ready Title Deeds.
Browse our properties for sale with ready Title Deeds,
New and resale properties with title deeds available for immediate transfer.
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