It might sound strange to search property in the middle of lockdowns and restrictions; however, this could be one of the best times to search for property for sale in Paphos. Furthermore, it offers the relaxed and laid-back lifestyle of a Mediterranean island with all the conveniences of a growth economy.
When to Look for Property for Sale in Paphos?
- Property prices are decreasing
- Covid-compliant properties
- The residency and citizenship application process is easy.
Prices
An excellent place to start is the Cyprus House Price Index, which has fallen by 2.9% compared to a year ago. Sadly, the restrictions due to covid 19 have meant less demand as people worry about traveling. It is possible to fly to Cyprus from countries that are considered safe from covid, but of course, you’ll still be facing a period of quarantine. Things should continue to improve, increasing the demand for property and pushing prices up.
It’s also worth noting that Cyprus, in general, has a lot of positives that will only continue attracting people. As a country, it works with excellent infrastructure and facilities. It also offers excellent food, entertainment, sports, and stunning geography as well as historical sites. For this reason, property prices can only go up again.
Covid-Compliant
With everything that’s happening, Cyprus property developers are responding by ensuring covid-compliant buildings. This includes all various property-type buildings, including every villa, bungalow, or detached and semi-detached home. The first thing you should do, though, is to think about what you’re looking for. For example, which area do you want to be located in, and do you require the number of bedrooms and bathrooms your need? You’ll then be able to narrow down your search, which will make it easy to check for covid-compliance.
Residency and Citizenship
Cyprus offers one of the most accessible processes when it comes to getting residency and citizenship. There are a few process options, with the fastest one being to invest in property. You also have the final option of simply waiting 7 years, when you can then apply for residency. As you can imagine, though, many people opt for the speedier option of buying property. This is especially true for those retiring or who perhaps have a certain amount of savings and are looking for a lifestyle change.
How to Look for Property for Sale in Paphos?
- Property websites
- Property developers
- Match your needs with the area
Property websites
An online search is always a great way to start. It can help you fine-tune your ideas and get a sense of what’s available. This is where Paphos and Cyprus, in general, are a great choice, though. You’ll be near the sea, including well-known picturesque areas such as Coral Bay and the Sea Caves. Furthermore, you’re close to the Troodos Mountains, where you can ski. How many people can say they ski in the morning and surf in the afternoon?
Property developers
Once you’ve done a certain amount of research, then it might be a good idea to appoint a property developer. This will be especially important if you’re not actually in Paphos yet. You’d be surprised at how much you can do remotely, though. Simply make sure that you interview a few different agents and check both their licenses and track record. In fact, you could even ask them for some references to talk to so that you can get a better sense of their style and approach.
Match your needs with the area
As mentioned, you should do your research. However, once you feel that you can decide, then go for it and get yourself to Paphos. There’s no better way to get to know an area than to explore it yourself. You’ll haven’t fully committed by this stage, so if you’re still not feeling it, then that’s ok, and you can change your mind. Nevertheless, seeing places like Kato Paphos or the Aphrodite Hills is sure to charm you and sway your decision. You’ll then be able to think about how you continue your search and define how many bedrooms and bathrooms you need and what property type you prefer.
Final Recommendation for Looking for property for sale in Paphos
Investing in Paphos could be your glimmer of hope as you consider moving there. A more laid-back and relaxed lifestyle could be exactly what you need, and you can even start searching from the comfort of your own home. So, connect to property developers and do your online search, and you’re bound to find something that works for you. Of course, it could be a little nerve-wracking, but it’s also exciting. Why not give it a go and see what happens?
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