Asset Profile
While selecting your dream Apartment or Villa, we should pay attention to the following parameters:
Covered Area Size
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1-bedroom apartments are usually 50-60 sqm, with a living room, dining room, kitchen, and balcony in an “open plan” structure, one bedroom, and one bathroom.
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2-bedroom apartments are usually 70-90 sqm, with the same “open plan” structure, two bedrooms, and either one or two bathrooms.
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3-bedroom villas are usually 130-170 sqm, set on 400-600 sqm land
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4 bedroom villas are usually 170-220 sqm, set on 600-800 sqm land.
Resale (My Focus) or Newbuilt
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Most of the purchases I make for my clients are resale assets (“second hand”). Complex age vary: could be 5-10 years, 15-20 years, or more.
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Newbuilt assets pose the following challenges: prices are mostly double, you need to pay 19% VAT, and most of the assets are bought off-plan (“on paper”)
Possible Add-Ons (Apartments)
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Some of the assets are sold with a designated parking lot, some with a storage place, and some with a rooftop.
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It depends on the specific complex and the developer’s policy.
Balcony Size (Apartments)
Apartments in Paphos and Peyia are mostly sold with a balcony, either covered or uncovered (or a combination)
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Small: 4-8 sqm
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Medium: 8-12 sqm
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Big: more then12 sqm
Condition
Apartments and villas are sold in diverse conditions. Together we will choose what is best for you:
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Renovated: Ready to move in.
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Fair: Well-maintained, requiring some updates.
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For Renovation: Ideal for those looking to customize their house.
In Cyprus, most of the assets are sold furnished. However, most furniture and electrical appliances are outdated and need refreshment.
Views
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In Paphos we will mostly have either a garden/swimming pool view or a city/street view. We can also look for apartments with direct sea view or hills/mountain view, but it's more rare.
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In Peyia we will find apartments with more scenic views due to the hilly location of the village.
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In Coral-Bay and Sea-Caves Villas, we can find Villas with sea views or hills/mountain views, due to the area topography.
Location
In Paphos, we will mostly purchase apartments at:
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Universal: relatively newer complexes, residential area, quiet centric.
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Kings Avenue Road: older complexes, between the sea and the old city.
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Kato-Paphos: old buildings (mostly no pool), close to the sea and promenade.
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Faros Beach: old buildings (mostly no pool), close to the sea and mall.
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Old City: nightlife, trendy restaurants and bars.
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North Paphos - South Chlorakas: hills, sea-views.
Swimming Pool (Villas)
All the Villas I purchase for my clients come equipped with a swimming pool.
It could be either square or kidney-shaped, mostly either 4*8 meters or 5*10 meters.
The inner part could be covered either with tiles or with a liner.
Add-ons: pool heater, pool cover, etc.