Summer is Here!
Summer is in full swing, bringing sunshine, warm Mediterranean evenings, exciting local events, and a busy property market. Here at Cyprus101, we’ve been helping buyers, sellers, landlords and tenants from around the world, and we’d like to thank all of our clients for their continued trust and support. Many of our new customers come through personal recommendations, so if you know someone thinking about buying, selling or renting in Cyprus, we’d be delighted to help.
Paphos Property Market Continues to Shine
The Paphos property market remains one of the strongest in Cyprus, with demand from overseas buyers continuing to drive activity throughout 2026.
Recent figures released by the Central Bank of Cyprus show apartment prices across Cyprus increased by 10.7% during the first quarter of 2026 compared with the previous quarter. Limassol recorded the strongest annual increase, while Paphos continues to attract significant international interest.
Foreign buyers account for approximately 75% of all property purchases in Paphos, highlighting the district’s popularity among retirees, investors, holiday home buyers and those relocating to Cyprus.
Property values in Paphos continue to rise steadily, with average annual growth estimated between 4% and 7%, while remaining excellent value compared to many other Mediterranean destinations.
Current market averages include:
• Entry-level apartments from approximately €185,000
• Average residential property values around €344,000
• Long-term rentals from approximately €650 per month
• Luxury villas generally ranging between €2,000 and €4,000 per month
Investors continue to benefit from strong demand, with short-term rental yields in popular coastal locations ranging from approximately 10% to 17%.
Construction Standards Continue to Improve
The Cyprus Government has launched a public consultation on proposed legislation introducing an independent Building Inspector system.
The proposed reforms would introduce mandatory inspections during key stages of construction to ensure developments comply with planning permissions and approved building plans. This represents another positive step towards greater transparency, improved construction quality and increased confidence for property buyers.
Important Update for Landlords & Tenants
From 1 July 2026, Cyprus has introduced new rules requiring all rent payments relating to property in Cyprus to be made electronically using a bank transfer, debit or credit card, or another recognised electronic payment method. Cash and cheque payments are no longer permitted for rental payments. The measure forms part of the Government’s wider tax reform programme and aims to improve transparency within the rental market.
Road Safety Update
Cyprus is preparing to trial AI-powered traffic cameras designed to detect drivers using mobile phones while behind the wheel. The initiative aims to improve road safety and reduce serious accidents before wider implementation across the island.
FIFA World Cup Watch Parties
Football fans are in for an exciting month, with many bars, restaurants and venues throughout Paphos hosting FIFA World Cup watch parties.
Expect large outdoor screens, lively crowds, fantastic food and plenty of atmosphere as residents and visitors come together to enjoy one of the world’s biggest sporting events.
July Events Around Paphos
July 4–5
Chapter II Electronic Music Festival
International electronic music performances at the historic Paphos Castle.
July 5
Summer Book Fair
Browse English-language books at the Almyra Hotel. Admission is free.
July 8–12
Minthis Festival
A spectacular open-air performing arts festival featuring internationally renowned musicians at the beautiful Minthis Amphitheatre.
July 10–12
HB München Beer Festival
Enjoy an Oktoberfest-style celebration in Geroskipou Square with German food, music and entertainment.
July 24–26
Paphos International Film Festival
Open-air short film screenings in the gardens of Technopolis 20.
Summer Living in Cyprus
July is one of the most enjoyable months to experience Cyprus. While temperatures can exceed 35°C during the day, evenings are perfect for dining outdoors, strolling along the seafront, or enjoying one of the many festivals taking place across Paphos.
Remember to stay hydrated, wear sunscreen and, whenever possible, plan outdoor activities for the morning or evening when temperatures are more comfortable.
Featured Property
Peaceful Village Living with Space to Breathe
This month’s featured property is a beautifully presented custom-built 3-bedroom bungalow situated on an impressive 2,453 sqm plot in the tranquil village of Mamonia, nestled within the picturesque Diarizos Valley just east of Paphos.
Surrounded by rolling hills, olive groves, fruit orchards and traditional Cypriot countryside, this wonderful home offers peace, privacy and spectacular scenery while remaining within easy reach of Paphos.
The village itself offers an authentic Cyprus lifestyle with a traditional taverna, coffee shop and welcoming local community.
If you’re looking to escape the crowds without sacrificing convenience, this exceptional property is well worth viewing.
View the full listing here:
https://cyprus101.com/
Thank You
Whether you’re buying, selling, investing or looking for your perfect home in Cyprus, our experienced team is always here to help.
Thank you again for your continued support, and we wish you a wonderful July.
Cyprus101 Estate Agents
Licensed Estate Agent RN560 | Lic. 41E
Tel: +357 26 271292
Mobile: +357 99 455068
Email: cleo@cyprus101.com
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