House Prices in Paphos in 2024 (Autumn): Real Estate Overview

Published on 16th of October, 2024

Paphos is one of the most popular and picturesque cities in Cyprus, known for its historical landmarks, beautiful beaches, and mild climate. In 2024, the real estate market in Paphos continues to attract attention from both local and foreign buyers. House and villa prices in the area vary depending on location, size, and type of property, and autumn 2024 offers a wide range of options for purchase.

Paphos / Sea Caves: Prestigious Villas

Sea Caves is one of the most sought-after areas in Paphos for those looking for luxury homes by the sea. Villas in this area are distinguished by spacious plots and unique sea views.

One villa in Sea Caves offers 6 bedrooms, a house area of 470 m², and a plot of 1125 m². The initial price was €4,100,000, but it has now been reduced to €2,900,000, making it more accessible to buyers. The price per square meter reaches €6,170, emphasizing the high value of this property.

Peyia: Villas with Stunning Views

The Peyia area is another popular zone, especially for those seeking villas with views of the mountains and sea. This area is located close to Paphos and offers comfortable and secluded living, ideal for families or investors.

A new villa in Peyia with 6 bedrooms and an area of 414 m² on a 1047 m² plot is priced at €2,200,000, and with VAT, the price per square meter is €5,314. This villa represents modern housing with a thoughtful layout and high construction standards.

Another new villa in Peyia with 6 bedrooms and a large plot of 2341 m², with a house area of 469 m², is available for €2,800,000 + VAT, with a price per square meter of €5,970. It is ideal for comfortable living in nature with stunning views.

A similar option with a plot size of 1436 m² has a slightly lower price of €2,700,000 + VAT, and the price per square meter is €5,757.

These villas in Peyia are an excellent choice for those who value privacy and proximity to nature while not sacrificing comfort and amenities.

Tala: Picturesque Family Villas

Tala is one of Paphos’s districts that is especially popular with families and those who want to live in a quiet and peaceful environment. This area is known for its scenic views and proximity to the city’s infrastructure.

A new villa in Tala with 3 bedrooms, an area of 250 m², and a plot of 1617 m² is priced at €875,000, and the price per square meter is €3,500. This property is an affordable option for those seeking a home with a good balance of price and quality.

Another villa in Tala with 3 bedrooms and a smaller plot (770 m²), with a house area of 191 m², is being sold for €860,000 + VAT, with a price per square meter of €4,503.

Another villa under construction with a house area of 220 m² and a plot of 455 m² is priced at €860,000 + VAT, with a price per square meter of €3,909. This is a great offer for those looking to buy a new home and customize the finishing touches to their liking.

Kato Paphos: Affordable Housing in the City Center

Kato Paphos is the heart of Paphos, where the main tourist areas, ports, restaurants, and shops are located. Housing in this area is in demand among those who want to be in the center of events but still have access to comfortable and modern homes.

A house with 3 bedrooms and an area of 136 m² on a 200 m² plot in Kato Paphos is being sold for €475,000 + VAT. The price per square meter is €3,493, making it an affordable option for those looking for property in the city center.

You can also find a more spacious villa with an area of 206 m² and a plot of 550 m² for €580,000, with a price per square meter of €2,816. This is an ideal choice for those who wish to enjoy sea views.

Price Trends in Autumn 2024

Autumn 2024 shows a steady demand for real estate in Paphos, especially for villas and houses with large plots and sea views. Prices for luxury villas remain high, particularly in prestigious areas such as Sea Caves and Peyia, where the price per square meter can reach over €6,000. However, more affordable options are also available in areas like Tala and Kato Paphos, where houses can be found for around €3,500 per square meter.

Conclusion

Real estate in Paphos in autumn 2024 remains attractive to both investors and those looking for a comfortable home on the island of Cyprus. Options range from elite villas to more affordable homes in central areas, making the market flexible for different categories of buyers.