Properties At Aphrodite Hills, Paphos, Cyprus
A rich cultural heritage blended with the modern lifestyle of Europe, the pine covered mountains and golden sandy beaches have made Cyprus a popular tourist destination. This growth in tourism, a prosperous economy and its unification with European Union in 2004 makes Cyprus a rewarding investment destination for the international property market. With an average annual growth of 20% it is one the fastest growing property markets of EU. The legal and banking system are British based and administrative procedures of land registry are very efficient.
Located in prime spot, between Limassol and Paphos, among beautiful olive and carob trees, Aphrodite Hills is the first 5-star real estate development in Cyprus with fully integrated leisure facilities and an 18-hole Championship Golf Course. It is regarded as one of the esteemed and top resorts of its kind in the world. It overlooks the spot in the Mediterranean Sea from where the legendary goddess of love Aphrodite is said to have emerged. In addition to the stunning golf course it has a luxury 5-star Intercontinental Hotel, “The Retreat” Spa, a Tennis academy and Village Square.
Aphrodite Hills has established itself as an international standard resort by winning Mercedes Benz International Property Awards in 2001 and 2002 and 3 Homes Overseas Awards in 2004. The Spa has won the ‘The Best Spa in Europe’ award at the 2008 Professional Beauty Awards. The Retreat offers a wide range of massages, skincare treatments, and a fitness centre with trained instructors. The heated infinity pool offers dazzling views of the Mediterranean. The Tennis centre has a stadium court for competitions and 11 tennis courts. The wonderfully planned Village Square is the focal point of daily life in Aphrodite Hills. Set on the hilltop, overlooking the Mediterranean Sea it has a calm ambience of the traditional Cypriot village offering the feeling of community and is a wonderful place for dinner at the variety of restaurants and watch the sun set over the sea.
There is a wide range of attractive mortgage packages available to purchase a property at Aphrodite Hills with an initial deposit as low as 20%. There is a variety of villa designs, mostly located on the eastern plateau approximately 5-10 mins from the village square. Built on large plots, facing the fairways or the dazzling Mediterranean Sea, the 2,3,4,5 bedroom villas are hailed as one of the most prized properties of Europe. All villas enjoy comfortable privacy from the adjacent plot and the density of construction is the lowest in Europe. The detached villas have a private swimming pool. The designs reflect the typical Cypriot use of stonework on the external surface and exotic timberwork to top them.
Land for developing residential properties is scarce in these areas, with the growing demand, the price of land is set to boom. The property development has gained pace with the growth of both Cyprus’ International airports and low cost airlines visiting the island. The properties near golf courses have witnessed average price increase of 40% in Cyprus and this is even more in areas around Aphrodite Hills. A comparatively low Capital Gain Tax of 20%, low corporate tax of 10%, low cost of living and low crime rate makes investment in property a money spinning proposition in Aphrodite Hills, Cyprus.
Azure Investment Property is offering exclusive luxury property in Aphrodite Hills. For more properties near Paphos region, check Paphos property market or call free at 0845 070 4327.
