How Much Does an Apartment Cost in Paphos, Cyprus in 2026?

Published On: 03/01/2026

Paphos is one of the most popular cities in Cyprus for buying real estate. It is chosen both for permanent residence and for rental investments. A mild climate, proximity to the sea, solid infrastructure, and relatively affordable prices make the Paphos property market especially attractive to foreign buyers.

In this guide, we take a detailed look at how much an apartment in Paphos costs, what affects pricing, which areas are considered the best value, and what budget you should realistically plan for in 2026 based on current market data.

General Overview of the Paphos Real Estate Market

The Paphos property market remains one of the most stable in Cyprus. Unlike Limassol, where prices have risen sharply in recent years, Paphos shows steady and predictable growth. This makes it especially attractive to conservative investors and families planning long-term relocation.

Currently, apartment prices in Paphos start from €68,000, while the average price per square meter is around €2,125. At the same time, the price range is wide and depends heavily on the location, year of construction, distance from the sea, and the overall class of the property.

Minimum and Average Apartment Prices in Paphos

The market can be divided into several clear price segments:

Budget properties
These are mostly studios and small apartments located in suburban or non-tourist areas. Prices usually start at €68,000–€100,000. These are often resale units or off-plan properties.

Mid-range segment
The most popular category among buyers. One- and two-bedroom apartments in areas such as Chloraka, Geroskipou, Peyia, and Universal typically cost between €150,000 and €300,000.

Premium and seaside properties
Apartments in Kato Paphos, Tombs of the Kings, and Coral Bay are significantly more expensive. Prices often exceed €400,000–€500,000, while luxury beachfront properties can reach several million euros.

Apartment Prices in Paphos by Number of Bedrooms

One of the key pricing factors is layout and number of bedrooms:

Studio apartments — from €68,000
1 bedroom — from €90,000–€160,000
2 bedrooms — from €100,000–€250,000
3 bedrooms — from €130,000–€350,000
4+ bedrooms — from €205,000 and up

Apartments with the same number of bedrooms can differ in price by two to three times depending on the area and the quality of the development.

Apartment Prices by Area in Paphos

Kato Paphos

The most tourist-oriented and seaside district, home to beaches, promenades, restaurants, and hotels.

Prices from: €175,000
Price per m²: approx. €4,081

Ideal for short-term rentals and investment properties.

Tombs of the Kings

A prestigious area close to the sea and major archaeological landmarks.

Prices from: €150,000
Price per m²: approx. €2,542

Highly popular with foreign buyers and tenants.

Chloraka

A residential area with active new development.

Prices from: €160,000
Price per m²: approx. €1,882

One of the best options in terms of price-to-quality ratio.

Geroskipou

A calm, family-friendly area suitable for permanent living.

Prices from: €155,000
Price per m²: approx. €2,123

Coral Bay

An upscale resort area with some of the best beaches in Cyprus.

Prices from: €450,000
Price per m²: approx. €3,516

New Developments and Off-Plan Apartments: Price Overview

New developments account for a large share of the Paphos market. Modern residential complexes usually include swimming pools, underground parking, underfloor heating, VRV air-conditioning systems, and high energy efficiency (Class A).

Typical prices for new builds:

Studios — from €168,000 + VAT
1 bedroom — from €216,000–€240,000 + VAT
2 bedrooms — from €390,000–€500,000 + VAT

Off-plan purchases allow buyers to secure lower prices at the construction stage, though delivery timelines and developer reputation should always be carefully checked.

How Much Does a Seafront Apartment Cost in Paphos?

Seaside properties are traditionally more expensive. Depending on proximity to the beach, prices can be 30–50% higher than inland properties.

First line to the sea — from €400,000
Within 1 km of the sea — from €220,000–€300,000
Sea view can add another 10–20% to the price

Buying an Apartment in Paphos as an Investment

Paphos successfully combines resort life with a growing business environment, creating strong rental demand.

Short-term rentals (Airbnb) perform especially well in tourist areas
Long-term rentals are in demand among relocators and IT professionals

Average rental yields typically range from 5% to 8% annually, and can be higher in well-located properties.

Additional Costs When Buying an Apartment

When budgeting, it’s important to factor in additional purchase costs:

VAT — 5% or 19% (new builds)
Stamp duty — up to 0.2%
Legal fees — approx. 1–1.5%
Title deed registration fees

Overall, additional costs usually amount to 6–10% of the property price.

Why Apartment Prices in Paphos Are Considered Good Value

Paphos remains 20–30% cheaper than other major cities in Cyprus while continuing to develop rapidly. New residential projects, upgraded transport, pedestrian zones, and public spaces are transforming the city.

Key advantages include:

international airport just 20 minutes from the city center
mild and comfortable climate
growing infrastructure
established Russian-speaking community
stable EU legal framework

Final Summary: How Much Money Do You Need to Buy an Apartment in Paphos?

In summary:

Minimum budget — from €68,000
Comfortable apartment for living — €150,000–€250,000
New build near the sea — €350,000–€500,000
Premium investment property — €500,000+

Paphos remains one of the most affordable and promising cities in Cyprus for buying an apartment in 2026 — both for personal use and for investment.