Your trusted property experts in Paphos, Cyprus
UK Pensions Under Pressure – Is It Time to Act?
The UK government is targeting pensions in its upcoming tax reforms, with plans to include untouched pension funds in inheritance tax from April 2027. If you’re a British expat or planning retirement abroad, relocating your pension to Cyprus—where overseas pensions are taxed at just 5%—could make a major financial difference.
Act now — upcoming UK changes may soon limit pension transfers abroad.
New Residential Developments Approved in Paphos
Fresh investment is reshaping the future of housing in Paphos. The Environmental Authority has approved two major projects worth more than €30 million, adding over 125 modern homes with pools, gyms, and landscaped green areas.
- Agia Marinouda Development (Navie Ltd)
- Estimated €25 million investment
- 12 apartment blocks with 105 units (1–4 bedrooms)
- Five swimming pools, a gym, and 146 parking spaces
- Infrastructure includes biological wastewater treatment, landscaped gardens, and public green spaces
- Mandria Development (Skycoast Ltd)
- €5.5 million investment
- 12 apartments and 10 maisonettes
- Pools, parking, and landscaped leisure areas
- Designed for both permanent residents and holiday homes
Together, these projects signal strong demand for contemporary apartment living in Paphos and are set to transform the district’s residential landscape.
Paphos Property Market – A Seller’s Golden Window
Property values in Paphos have reached their highest levels in over a decade, with villas and apartments in prime areas commanding top prices. Overseas demand remains strong, but global economic shifts could soon impact buyer sentiment.
If you’ve been considering selling, now is the time to maximise your investment before conditions change.
At the same time, Cyprus’ property market as a whole continues its upward course. According to the Department of Lands and Surveys, sales documents climbed 13% year-on-year in the first eight months of 2025. Paphos itself recorded a solid 10% rise, with 2,218 sales filed compared to 2,016 in 2024—proof of the district’s continued appeal, even as August brought a slight dip.
Paphos Revives Its Historic Centre with Affordable Housing
The Municipality of Paphos has launched an initiative to transform abandoned buildings in the city’s old town into affordable accommodation for students and young professionals.
The plan will convert derelict structures into a network of 20-room hostels, offering beds at just €100–150 per month—a fraction of the €700–800 many currently pay in private rentals. Mayor Phedon Phedonos explained that the municipality will cover essentials such as electricity, internet, and furniture, easing the financial burden on young people.
One of the properties under restoration may even date back to the city’s first hotel, built around 1910–1920. More than 40 workers are currently involved in the project, which aims not only to provide affordable housing but also to revive a once-abandoned part of town.
In a separate effort, the city is also renovating a 1960s-era building to house the Deputy Ministry of Tourism, with €200,000 earmarked for structural reinforcement and outfitting before year-end.
What’s Happening in Paphos – October Events
- Rock Sympho Show – Oct 4, Markideio Theatre
- Cyprus Independence Day – Oct 1, Parade + Family Event
- Fun Run & Walk – Oct 18, Paphos Harbour
- Seaside Street Food Festival – Oct 10–12, Kato Paphos Harbour
- Authentic Wine & Gourmet Tour – Ongoing
Paphos is buzzing with activity this autumn—another reason buyers are drawn to this lively, beautiful town!
Cyprus & Greece: A Tourism Power Partnership
Cyprus and Greece have strengthened tourism ties, aiming to:
- Boost cultural exchange, wellness & eco-tourism
- Improve travel connectivity
- Share and promote heritage tourism
This elevates Cyprus’s profile on the Mediterranean map and adds more value for lifestyle property buyers and investors.
Cyprus Steps onto the Sporting Stage
Cyprus hosted Group C of FIBA EuroBasket 2025, its biggest sporting event ever. While our national team didn’t advance, it marked the first time Cyprus participated in the European basketball finals—a historic milestone.
Alongside the growing success of FC Pafos, sport is giving Cyprus a real boost in infrastructure, tourism, and national pride.
Let’s Talk Property in Cyprus
Whether you’re looking to sell, invest, or move here for lifestyle or tax benefits, Cyprus101 is your local expert team in Paphos.
Contact us today to discuss your next steps.
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Email: cleo@cyprus101.com
Call: Diane Murphy on 99455068 / 26 271292
Bettabilt Homes
Licensed Real Estate Agent RN560 Lic. 41E
Office: 3 Ioannou Agroti, Paphos 8047, Cyprus
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