7 best areas of Paphos to live
Published on 30th of April, 2024
Paphos is not only a pearl of Cyprus with a rich history and culture, but also an attractive place to live due to its unique combination of natural beauty, modern amenities and favorable climate. The choice of neighborhood to live in Paphos can vary considerably depending on personal preferences, budget and investment goals. In this article, we will look at several areas of Paphos that attract both locals and foreign investors.
This article aims to help you understand the Paphos real estate market by highlighting the potential of each area so that you can make an informed choice that will meet your needs and investment expectations.
7 best neighborhoods in Paphos to live in
Universal
Universal is a modern neighborhood located in the southeast of Paphos, close to the city center. It is known for its well-developed infrastructure and convenient transportation links, which makes it popular among locals and foreign real estate investors. Most of the residential complexes here are 4- and 5-storey buildings with public swimming pools, playgrounds and green alleys, which is especially valuable in the summer. The neighborhood also has small private cottages.
Pros and cons
Pros:
Proximity to the city center.
Developed infrastructure and transport links.
Quality housing with additional amenities (swimming pools, playgrounds).
Accessibility to beaches and marine entertainment.
Cons:
Lack of a large number of hotels and tourist attractions.
The cost of rent
The average cost of renting an apartment in Universal is around €2,000. Renting a detached house in the area can cost between €2,000 and €6,000 depending on size and location.
The cost of apartments
Prices for new apartments in Universal range from €250,000 to €600,000. For example, a luxurious 3-bedroom apartment in a new complex can cost around €395,000 plus value added tax.
The cost of houses
Prices for detached houses in the Universal area start at €480,000 and can rise significantly depending on specifications and additional amenities.
Chloraka
Chloraka is located in the west of Paphos, between the old harbor and Coral Bay. The name of the neighborhood comes from the word “chloros”, which means “green” in Greek, because there is a lot of greenery here. The area is divided into a coastal plateau and higher ground at an altitude of about 50 meters above sea level.
Pros and cons:
Pros: a quiet area with beautiful sea views, a multinational community, and a well-developed infrastructure for evening leisure.
Cons: Limited opportunities for nightlife and shopping.
Rental prices
Rental prices range from €2,000 to €6,000 depending on the size and location of the property. For example, renting a detached house in the Chlorak area costs from €2,000 to €4,000.
The cost of apartments
Prices for new apartments start from €230 thousand and can reach €450 thousand depending on the location and level of completion.
The cost of houses
Prices for detached houses in Chlorak start from €160,000 for a 140 m² townhouse built in 2005 with furniture and appliances. The cost of large houses can reach €799,000, depending on the size, location and additional attributes.
Kato Paphos
Kato Paphos is located closer to the city center and is known for its historical attractions and lively nightlife. The area attracts tourists and locals alike with its unique blend of urban life and historical charm.
Pros and cons:
Pros: historical significance, developed urban infrastructure, active nightlife.
Cons: A large number of tourists can be uncomfortable for those looking for peace and quiet.
Rental prices
The cost of renting in Kato Paphos depends on the type of housing and its location. Here are some examples of the latest offers:
Penthouses: Prices for penthouses range from €1,800 to €2,500.
Apartments: Apartments range from €2,000 to €3,300 per month.
Detached houses: The cost of renting a detached house can be significantly higher, for example, a house for €9,000 per month.
Apartment prices.
Apartments range in price from €250,000 to €2,000,000, depending on the location, size and quality of the property.
The cost of houses
Prices for detached houses in Kato Paphos start from €305,000 and can reach €1,200,000 and up, depending on the characteristics and location of the property.
Kissonerga
Kissonerga is a small village in Cyprus that is famous for its affordability in the real estate market with an average price of around €1,400 per square meter. It is an area that attracts families and retirees due to its strong sense of community and authentic Cypriot flavor. The area is surrounded by exotic banana plantations and the picturesque hills offer magnificent views of the Mediterranean Sea. In addition to residential buildings and apartments, the neighborhood has shops, mini-hotels, cafes, a stadium, and a horseback riding center.
Pros and cons
Pros:
Low property prices compared to other areas of Cyprus.
Authentic Cypriot environment with a strong sense of community.
Picturesque landscapes and proximity to the sea.
Potential for property value growth due to increased interest from foreign investors and the possible construction of a new Paphos harbor.
Cons:
Limited amenities and distance from the city center.
Limited opportunities for entertainment and cultural events.
Rental prices.
Renting a detached house can cost from €2,000 to €6,000 per month, depending on the size and location.
The cost of apartments
The cost of new apartments starts from €170,000 and goes up to €350,000, depending on the size and luxury.
The cost of houses
The cost of villas starts from €470,000 and can go up to €762,000+VAT. For example, a two-storey villa of 180 m² with three bedrooms and three bathrooms located near the sea costs €450,000.
Tala
Tala is a neighborhood in Paphos, Cyprus, that is rapidly gaining popularity. It is known for its traditional Cypriot villages, panoramic sea views and the development of new residential projects. This area is located just 8 kilometers from the center of Paphos and attracts foreign investors and locals looking for a balance between traditional and modern life. Due to this, real estate prices in Tala are growing, although they are still more affordable than in more developed areas.
Pros and cons
Pros:
Panoramic views of the sea.
Proximity to the center of Paphos.
Growing interest from investors, which may lead to an increase in real estate prices.
Development of tourism and residential infrastructure.
Availability of traditional taverns, cafes and restaurants serving traditional Cypriot cuisine.
Cons:
Relative remoteness from the coast compared to other areas.
Infrastructure and public transportation are still being developed.
Real estate is becoming more expensive due to increased demand and development of the area.
Rental prices.
Rent for individual houses in Tala ranges from €3,500 to €8,000 per month, depending on the location, size and quality of the property.
The cost of apartments
Prices for apartments start at €160,000 and can reach €522,000, depending on size, location and level of luxury.
The cost of houses
The cost of houses varies considerably, ranging from €550,000 to €1,530,000. Prices depend on the type, proximity to the sea and other factors.
Coral Bay
Coral Bay is a prestigious neighborhood in Paphos, known for its beautiful beaches and luxury resorts. It is located in the municipality of Peyia, about 12 kilometers from the center of Paphos, and offers excellent infrastructure for living and recreation. The area has many upscale properties, making it an ideal location for those looking for peace and quiet from the hustle and bustle of the city.
Pros and cons
Pros:
Beautiful beaches with clear water and soft sandy bottoms.
Luxury hotels and resorts.
Good infrastructure with cafes, restaurants and shops.
Safety and high standard of living.
Developed opportunities for water sports and other activities.
Cons:
High cost of living and real estate.
A large flow of tourists, especially in high season, which can interfere with a relaxing vacation.
Rental price.
Renting a property in Coral Bay can be quite high due to the luxury of the area:
Apartments range from €1,800 to €3,000 per month.
Detached house rentals can reach €2,500 to €14,000 per month, depending on the location and luxury of the property.
The cost of apartments
Prices for apartments start from €206,000 and can reach €374,000, depending on size, location and amenities.
The cost of houses
The cost of homes in Coral Bay varies considerably, starting from €475,000 to €4,800,000 for luxury villas.
Peyia
Peyia is one of the prestigious neighborhoods in Paphos, known for its luxury villas and stunning sea views. Located 14 kilometers from Paphos and just a 5-minute drive from the popular Coral Bay, Peyia offers the perfect combination of natural beauty and accessibility to city amenities. Numerous shops, restaurants, bars, as well as a local school and post office are located in the village center.
Pros and cons.
Pros:
Cozy and peaceful environment with lots of greenery.
Great views of the coast and proximity to the beaches of Coral Bay and Lara Beach Nature Reserve.
A large number of exquisite villas and apartments.
Lots of entertainment and activities both day and night.
Cons:
The distance from major urban centers can be inconvenient for those looking for a more urban lifestyle.
High cost of living and real estate due to the high demand and prestige of the area.
Cost of rent
Renting a detached house can cost between €2,000 and €10,000 per month, depending on the size, location and level of luxury.
Apartment prices
Prices for apartments start from €159,950 and can reach €700,000, depending on location and quality.
The cost of houses
Prices for detached houses range from €260,000 to €2,126,500+Taxes, depending on location, views and other premium features.
Conclusion.
Paphos, as one of the most picturesque places in Cyprus, offers a wide variety of neighborhoods to live in, each with its own unique benefits and characteristics. From luxury villas in Peyia with sea views to affordable residential complexes in Kissonerga, Paphos meets the diverse needs of both locals and foreign investors.
Each neighborhood has its own characteristics: Universal attracts with its proximity to the city center and developed infrastructure; Chloraka is characterized by a quiet life with magnificent sea views; Kato Paphos offers an active city life with historical attractions and evening leisure; Kissonerga attracts with its affordable housing and picturesque landscapes; Tala is known for its panoramic views and investment potential; Coral Bay enchants with its luxury resorts and beaches; and finally, Peyia offers luxury living in a tranquil environment.
Paphos neighborhoods vary in terms of property and living costs, but each offers unique opportunities for investment and comfortable living, depending on your budget and personal preferences. It is important to evaluate all aspects before deciding to buy or rent a property to find the perfect home in this wonderful region.