Undoubtedly one of Peyia’s finest residences with 300 sq.m of classic beauty - set in the hills above Peyia, the location offers uninterrupted views of the meandering coastline from Paphos to Agios Georgios and beyond. Built on a gentle hills with 1700 sq.m plot, the views are forever yours!
Approach to the villa is from a secluded cul-de sac with a gated entry and driveway with 2 car open garage. Double polished oak doors open to a welcoming reception showing a colonial Chinese theme. The unhurried interior flows to a large open passage past the large study/bedroom, past an expansive archway which shows off the ‘sunken’ sitting room, and continues on to the kitchen – dining area which occupies the entire west wing of your home.
Cyprus property market is going through a transformation. Cyprus property transactions are on the up showing 20% increase in the first quarter 2014 but without any notable recovery in price levels. The statistical data released by the Land & Survey Department in April showed surprising results. In Cyprus, we are used to see number of property sales to foreigners literally dwarfing sales to Cypriots. However, according to the latest statistics, a massive 70% of the total property sales in Cyprus have been registered in favour of the local clients!
Are Cypriot buyers becoming more risk averse, lost faith in their government and decided that investment in bricks and mortar represent the only secure investment?