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  • Writer's pictureMakkaraDevelopers

Paphos named the most popular district for overseas buyers and investors

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 and investors especially from Europe and Non-Europeans for the period January- March 2019 by 40.6% in comparison to Limassol which follows with 29.7%.   Larnaca is 3rd with 17.2% and lastly Famagusta with 6.6% and Nicosia with just 5.6%.

Sales during the first quarter of 2019 rose 11% compared to the same period last year. Total sales until the end of March stood at 2366 up the 2129 last year. Sales to EU Nationals have risen 13% compared to the first quarter of 2018 and sales to non EU Nationals have declined 2% compared to the same period 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.

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