Paphos cham­pi­ons prop­erty sales to overseas buy­ers

Financial Mirror (Cyprus) - - FRONT PAGE -

Prop­erty sales con­tin­ued to grow in Fe­bru­ary for the sec­ond con­sec­u­tive month in 2016, both from the do­mes­tic and es­pe­cially from the overseas mar­kets.

Paphos con­tin­ues to lead in the pur­chase con­tracts by for­eign buy­ers recorded at the Depart­ment of Land and Registry by 41%, in com­par­i­son to Li­mas­sol which fol­lows with 28%. Third is Lar­naca with 24%, and lastly Ni­cosia with 4% and Fa­m­a­gusta with just 3%

These pur­chases from for­eign in­vestors in Paphos were due to the res­i­dence per­mits pro­gramme when buy­ing a prop­erty val­ued at EUR 300,000 as well as cit­i­zen­ship plan with an in­vest­ment in prop­erty of EUR 2.5 mln.

Paphos has man­aged re­main in at­tract­ing for­eign buy­ers and in­vestors who ex­press their pref­er­ence mainly in beach­front vil­las or apart­ments in or­gan­ised prop­erty de­vel­op­ments which pro­vide se­cu­rity, con­ve­nience and mul­ti­ple ser­vices.

Fur­ther­more, the town is mov­ing steadily to­wards the prepa­ra­tion for the Euro­pean Cap­i­tal of Cul­ture for 2017 when it will wel­come thou­sands of tourists and in­vestors.

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