Paphos is first choice for overseas buyers

Despite a continued decline in property purchases in Cyprus, first quarter data for 2014 suggest that Paphos is the only region which presented the highest figure of 41% in property purchase contracts by foreign buyers, according to the department of land registry. Limassol followed with 25%, third was Larnaca 17%, and lastly Nicosia 9% and Famagusta 8%.

The attractive regions and natural beauties, combined with the quality of life continue to attract foreign buyers and investors, said Sakis HadjiAlexandrou, the Marketing Manager for Leptos Group.

“It seems that Paphos is once again, taking the lead as the prime destination in the property market and the best choice to have a permanent residency for buyers from overseas. Furthermore, Paphos is moving steadily towards their preparation to welcome the thousands of tourist, visitors and investors expected in town, as it has been selected as the European Capital for Culture for 2017.

“Surely the times are difficult but our efforts will be resilient and we will pursuit all the opportunities within the new markets as well as the existing ones,” HadjiAlexandrou said.

He added that along with the rest of the group’s management, he and his team are travelling extensively in order to promote the island and especially Paphos as the destination center for investments.