Apartment in Paphos

5716, Cyprus

For Sale

€360,000

REF: 794763 €360,000


3

2

93 m2

Description

New and modern three bedroom apartment situated on the fourth floor of the apartment building Block B. The apartment is located in Paphos - close to a large number of amenities and is 1 minute driving distance from the round-about at the entrance of Paphos in Anavargos, allowing the residents to easily enter the highway connecting Paphos and Limassol.

The renowned International School of Paphos is 5 minutes drive away. The hospital of Paphos is just across the street from the rear side of the development, a short walking distance away. A number of public and private schools can be found within a short radius. It is a very short driving distance away from a very large number of bars and restaurants.

This apartment consists of an open-plan kitchen, living room, three bedrooms, and two bathrooms. Internal Area: 93.73 sqm Covered Verandas: 25.14 sqm Other Covered Areas: 34.90 sqm Uncovered Verandas: 14.8 sqm A number of features can be found in the development, such as a communal swimming pool for each block, solar panels which will improve the energy efficiency of the building, and of course the beautiful modern design of the building that comes with sleek lines, large window openings and concrete finishing.

Price 360,000 + VAT Off-plan Project Paphos, located on the southwestern coast of Cyprus, is a captivating destination that offers numerous compelling reasons to consider buying property. With its rich history, stunning natural beauty, favourable climate, and flourishing real estate market, Paphos has become an increasingly popular choice for investors and homebuyers alike.

Here are some key reasons why buying in Paphos is a great decision: 1. Mediterranean Paradise: Paphos boasts a breathtaking coastline with pristine beaches, crystal-clear waters, and dramatic cliffs. The region offers an idyllic Mediterranean lifestyle with plenty of opportunities for swimming, snorkelling, sailing, and enjoying leisurely beach walks.

The stunning sunsets and year-round mild climate further enhance the allure of living in this coastal paradise. 2. Historical and Cultural Heritage: Paphos is brimming with history and is recognized as a UNESCO World Heritage Site. It is home to remarkable archaeological sites, including the ancient Tombs of the Kings, the intricate mosaics of the Paphos Archaeological Park, and the famous Petra tou Romiou, said to be the birthplace of Aphrodite, the Greek goddess of love and beauty.

Living in Paphos means immersing oneself in a rich tapestry of culture and heritage. 3. Investment Potential: Paphos has experienced a surge in real estate development in recent years, making it an excellent investment opportunity. The city offers a wide range of properties, from luxurious beachfront villas to modern apartments and charming townhouses.

The thriving tourism industry, significant infrastructure investments, and the growing number of visitors contribute to the strong rental demand, ensuring a steady income stream for property owners. 4. High Quality of Life: Paphos offers an exceptional quality of life with its excellent healthcare facilities, international schools, and a wide range of leisure and recreational activities.

The city boasts a vibrant culinary scene, with numerous restaurants serving both traditional Cypriot cuisine and international delicacies. The low crime rate, welcoming local community, and relaxed pace of life add to the city's appeal for families, retirees, and professionals. 5. Connectivity and Accessibility: Paphos benefits from excellent connectivity, with an international airport that offers regular flights to major European cities.

The city is well-connected via road networks, making it easy to explore the rest of Cyprus and visit nearby attractions. The proposed extension of the Paphos-Limassol motorway further enhances accessibility and facilitates commuting between the two cities.
New and modern three bedroom apartment situated on the fourth floor of the apartment building Block B. The apartment is located in Paphos - close to a large number of amenities and is 1 minute driving distance from the round-about at the entrance of Paphos in Anavargos, allowing the residents to easily enter the highway connecting Paphos and Limassol.

The renowned International School of Paphos is 5 minutes drive away. The hospital of Paphos is just across the street from the rear side of the development, a short walking distance away. A number of public and private schools can be found within a short radius. It is a very short driving distance away from a very large number of bars and restaurants.

This apartment consists of an open-plan kitchen, living room, three bedrooms, and two bathrooms. Internal Area: 93.73 sqm Covered Verandas: 25.14 sqm Other Covered Areas: 34.90 sqm Uncovered Verandas: 14.8 sqm A number of features can be found in the development, such as a communal swimming pool for each block, solar panels which will improve the energy efficiency of the building, and of course the beautiful modern design of the building that comes with sleek lines, large window openings and concrete finishing.

Price 360,000 + VAT Off-plan Project Paphos, located on the southwestern coast of Cyprus, is a captivating destination that offers numerous compelling reasons to consider buying property. With its rich history, stunning natural beauty, favourable climate, and flourishing real estate market, Paphos has become an increasingly popular choice for investors and homebuyers alike.

Here are some key reasons why buying in Paphos is a great decision: 1. Mediterranean Paradise: Paphos boasts a breathtaking coastline with pristine beaches, crystal-clear waters, and dramatic cliffs. The region offers an idyllic Mediterranean lifestyle with plenty of opportunities for swimming, snorkelling, sailing, and enjoying leisurely beach walks.

The stunning sunsets and year-round mild climate further enhance the allure of living in this coastal paradise. 2. Historical and Cultural Heritage: Paphos is brimming with history and is recognized as a UNESCO World Heritage Site. It is home to remarkable archaeological sites, including the ancient Tombs of the Kings, the intricate mosaics of the Paphos Archaeological Park, and the famous Petra tou Romiou, said to be the birthplace of Aphrodite, the Greek goddess of love and beauty.

Living in Paphos means immersing oneself in a rich tapestry of culture and heritage. 3. Investment Potential: Paphos has experienced a surge in real estate development in recent years, making it an excellent investment opportunity. The city offers a wide range of properties, from luxurious beachfront villas to modern apartments and charming townhouses.

The thriving tourism industry, significant infrastructure investments, and the growing number of visitors contribute to the strong rental demand, ensuring a steady income stream for property owners. 4. High Quality of Life: Paphos offers an exceptional quality of life with its excellent healthcare facilities, international schools, and a wide range of leisure and recreational activities.

The city boasts a vibrant culinary scene, with numerous restaurants serving both traditional Cypriot cuisine and international delicacies. The low crime rate, welcoming local community, and relaxed pace of life add to the city's appeal for families, retirees, and professionals. 5. Connectivity and Accessibility: Paphos benefits from excellent connectivity, with an international airport that offers regular flights to major European cities.

The city is well-connected via road networks, making it easy to explore the rest of Cyprus and visit nearby attractions. The proposed extension of the Paphos-Limassol motorway further enhances accessibility and facilitates commuting between the two cities.
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Property on Map

#ADAGR402

Currency Exchange

5716, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €360,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€360,000 £298,192 £309,402 £11,210
Property Price € €360,000
Minimum cost in the last six months £298,192
Maximum cost in the last six months £309,402
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,210

5716, Cyprus

Interested in this property? Don't lose out to currency fluctuations changing the price you pay...

Many overseas buyers in Cyprus do not realise they can lose thousands of pounds through adverse currency exchange rate movements.

The property buying process in Cyprus takes time; it could be up to six months between seeing the property of your dreams and actually taking ownership. So how much would this €360,000 property cost you?

Property Price € Minimum cost in the last six months Maximum cost in the last six months Fluctuating exchange rates over the last six months could have increased the cost of this property by
€360,000 £298,192 £309,402 £11,210
Property Price € €360,000
Minimum cost in the last six months £298,192
Maximum cost in the last six months £309,402
Fluctuating exchange rates over the last six months could have increased the cost of this property by £11,210

The exchange rate on the day you make an offer on your property in Cyprus will not be the same as the rate you pay when you complete on your purchase, as currency markets move constantly. Any large rate movements may take it beyond your price range as the chart above illustrates the fluctuation and how much extra your property could have cost you.

The best way to avoid this significant risk is to plan your budget and currency strategy with an experienced currency specialist. They have been known to save you up to 4% compared to many high street banks, £4,000 for every £100,000, which soon adds up. They will also keep you up to date on market movements, help you set a rate in advance with a product called a Forward Contract - so you know exactly what you will pay for your property in sterling.

This is why we recommend Smart Currency Exchange Ltd. If exchange rate movements continue to be as unpredictable and as significant as they have been in the past then by not using Smart Currency Exchange Ltd your property could cost you £11,210 more.

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