Last Updated on 13/08/2025
Paphos – A Prime Investment Destination
Paphos, located on Cyprus’s southwestern coast, is one of the island’s most sought-after investment hubs. Known for its UNESCO World Heritage sites, vibrant expat community, and year-round tourism, it offers both lifestyle and profit potential.
Recent market trends show apartment prices rising ~12% and villa prices ~13% in 2024, with rental yields averaging 6–7.5%. The planned Paphos Marina and ongoing infrastructure upgrades are further boosting investor confidence.
For EU and UK buyers, Paphos presents an opportunity not just for capital growth, but also for residency-by-investment benefits. Yet, the process is complex — from legal checks to financing hurdles. Keynote Assets specializes in guiding clients through every step to ensure a safe, profitable purchase.
About Keynote Assets
Founded in 2017 by Dr. Noam and Alice Shani, Keynote Assets offers end-to-end property acquisition support for international investors from Europe, the UK, and beyond.
Services include:
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Targeted property sourcing
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Legal due diligence with full Tabu (title deed) verification
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Financing solutions with local banks
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Contractor and architect coordination
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Land Registry filings and after-sale services
“We protect our clients at every stage — from initial search to final registration — ensuring their investment is secure,” says Dr. Shani.
Unique Challenges of Foreign Markets
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Market Variability: Cyprus property values fluctuate with tourism trends, EU economic conditions, and migration flows.
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Regional Differences: Areas like Kato Paphos, Universal, and Coral Bay vary in rental demand, price points, and infrastructure quality.
Local expertise ensures you choose the right property in the right location to match your investment goals.
Real-World Example: Location & Price Pitfalls
Without expert input, investors risk:
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Buying in an underdeveloped district with low demand
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Facing access issues due to poor infrastructure
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Discovering title deed restrictions on short-term lets
Keynote Assets prevents such errors with site visits, neighborhood assessments, and legal reviews before contracts are signed.
Purchase Tax & Financial Risk Management
Cyprus property purchases typically involve 8–10% in additional acquisition costs, including:
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Stamp Duty
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VAT (5% for primary residence, 19% otherwise)
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Land Registry fees
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Legal charges
Ongoing considerations:
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Rental income taxed progressively (0–35%)
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Capital Gains Tax (20%, with exemptions)
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Double-taxation relief for EU/UK buyers
Keynote Assets models your full cost structure in advance to avoid unexpected liabilities.
Legal & Bureaucratic Safeguards
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Tabu Verification: Checking for encumbrances, liens, and easements
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Precise Contracts: Ensuring compliance with Cyprus’s English-law-based system
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Error-Free Filings: Preventing disputes by accurate Land Registry submissions
Our legal team ensures every document is watertight.
Financing & Currency Fluctuations
- Local mortgages: up to 70% LTV for foreign buyers
- Interest rates: generally higher than in the UK/EU
- GBP/EUR fluctuations: can impact ROI if unmanaged
We negotiate favorable loan terms and recommend currency hedging strategies to protect profits.
Cultural & Communication Barriers
Cypriot business relies on personal trust and relationship-building. Without local connections, approvals can be slow.
Keynote Assets’ network of trusted partners accelerates processes and avoids misunderstandings.
Ongoing Management & Maintenance Risks
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Remote ownership challenges
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Higher costs for short-term rental management
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Maintenance delays affecting tenant satisfaction
We partner with vetted managers to maintain property value and cash flow.
Residency & Relocation Processes
Purchases over €300,000 qualify non-EU buyers for Cyprus permanent residency, offering:
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EU travel freedom
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Healthcare and education access
Our relocation specialists manage the entire application process, from paperwork to compliance.
Why Choose Keynote Assets?
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Exclusive Representation: We work only for you, not developers
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Proven Expertise: Serving EU & UK buyers since 2017
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Strong Local Network: Lawyers, accountants, banks, contractors, and managers
FAQ – Property in Cyprus Paphos
Yes, both EU and non-EU citizens can purchase property in Cyprus. Non-EU buyers need permission from the Council of Ministers.
No annual property tax since 2017, but rental income tax and capital gains tax apply.
Yes — strong rental yields, growing tourism, and upcoming infrastructure make it highly attractive.
Typically 2–3 months, depending on financing, legal checks, and paperwork.
About Keynote Assets Ltd
Keynote Assets Ltd helps European clients purchase and manage property in Cyprus. We coordinate financing, legal support, and long-term management to maximize your investment.
Why Choose Us?
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European Expertise: Tailored solutions for clients across the EU and the UK.
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Personalized Service: Property options matched to your budget and goals.
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Comprehensive Support: From initial consultation to closing and ongoing management.
How It Works
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Consultation Call – We assess your needs, budget, and timeline.
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Property Selection – You receive curated property options.
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Site Visit – Visit shortlisted properties in Cyprus.
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Finalize Purchase – We handle contracts, payments, and compliance.
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Ongoing Management – We take care of rentals, maintenance, and returns.
