New Port in Paphos: How will it change the face of the real estate market?

Paphos – the city of gods, mosaics and ancient legends – is in for a major transformation. After years of planning, a new modern marina project is finally underway, set to have a major impact on the region’s economy, tourism and, most importantly, the property market.

What's coming up?

The new marina in Paphos will not just be a marina for yachts. It is intended to be a comprehensive development zone that will include:
up to 1000 berths for ships of various sizes
luxury flats and apartments right by the water
commercial spaces, restaurants, cafes and boutiques
promenades, relaxation zones and cultural facilities
five-star hotels and modern infrastructure
The project is conceived as a new center of life and an investment opportunity for domestic and foreign buyers.

What impact will this have on real estate?

According to experts, a significant increase in property prices around the future marina is expected, even during the construction phase. Plots in the immediate vicinity were almost sold out last year, and developers have seen an increase in demand of up to 40%.
Premium properties overlooking the marina are becoming the highlight of the offer – especially for investors aiming for short-term rentals or second homes by the sea. Thanks to the access to the sea, high standards and expected infrastructure, the marina area will be one of the most prestigious on the west coast of Cyprus.

Why is this interesting for investors?

Capitalization of value: Investing in advance of port completion can yield a profit of 15-25% over 3-5 years
Strong rental demand: New marina will attract both yachtsmen and tourists – higher occupancy and higher rents
A location by the water is the most desirable in the long term and offers stable growth in value
The proximity to the center of Paphos and at the same time direct contact with the sea ensures the ideal balance between tranquility and accessibility

Impact on the entire region

Paphos is gradually transforming from a historic town into a luxury destination for foreign clients. The marina will not only be a symbol of modern development, but also a magnet for international investment. Many experts compare the expected development to what happened in Limassol in the past - the marina there became a catalyst for the growth of the entire market.
So if you are thinking about investing in property in Cyprus, now is the perfect time. The future marina area of Paphos offers a unique opportunity to be at the birth of a new, prestigious district that could change the entire city in the near future.