Building in Paphos - Cyprus
The building: 12 apartments – 4 floors
Prices in the area
The average price of a new apartment in the area between 350,000-400,000 euros
The building will be fully renovated inside and out – a luxurious level of finish
Also suitable for Airbnb
transaction data
Investment including purchase and renovation:
about. 2,628,500 euros.
Equity: 1.6 million euros
Expected profit on the transaction about 1,211,500 euros.
Profit on equity approx. 61.5%
Negotiated profit for the entrepreneur
Sales forecast:
About 3,840,000 euros.
location
Walking distance to the city center and the ancient market
Only 1430 meters from the sea and the beaches
Close to the new American University
Close to Paphos Mall
Cyprus is in the midst of a global investment wave in the order of billions (Euros)
Today, the Cyprus economy relies significantly on tourism from Europe.
PAPHOS
Paradise with Mediterranean climate
Cultural heritage: Paphos is rich in cultural history, with UNESCO World Heritage
Breathtaking views from sandy beaches to mountainous terrains
A popular tourist destination that guarantees a rental market for the investor
A growing economy
