Paphos City Guide

Paphos is Cyprus' western coastal city — a UNESCO-listed archaeological centre (Paphos Archaeological Park, Tombs of the Kings) combined with the country's most foreign-buyer-dominated property market. The city stretches roughly 5 km along the Mediterranean coast on the southwestern tip of Cyprus, anchored by Kato Paphos (the harbour-and-archaeology coastal strip), Paphos Old Town (the historic upper city), and Coral Bay (the prime resort-villa zone 8 km north). Foreign buyers — particularly British retirees and second-home owners — represent **68% of property transactions** (the highest foreign-buyer share of any major Cyprus city). Paphos District also captures **32% of all international property transactions** in Cyprus (vs Limassol's 28%). Average property prices run €2,500-€3,500/m², with Coral Bay villas reaching €500K-€1.2M and Kato Paphos modern apartments €220K-€350K. Rental yields range 5.5-8.5% — among the strongest in Cyprus, particularly in Kato Paphos and Coral Bay short-let.