Paphos, Peyia - Coral Bay
Buying here proves to be highly lucrative as it’s of the most popular places to own a property in according to statistics in sales and also due to the close proximity to the sea. There are a lot of sea front properties in Coral bay which makes it a very popular area for people searching to own a house with the beautiful sea right at their doorstep making it easy to understand why the whole of Peyia sold 344 villas from the beginning of 2018 until mid 2019, a whopping 363 apartments and 53 plots of land. Apartments here vary from €130-1.500.000 resale while detached villas start at €300.000 and go into the millions. Prices per square meter here are some of the highest in all Paphos region, where a 1 bed apartment will be going for apprx. €1,400/sqm, a 2 bedroom flat for just over €1,600 / sqm and detached villas depending on the proximity to the sea are around €2,700/sqm for a fairly distanced villa and can go to several thousands per sqm for sea front villas.
The coast to the north and to the south of Coral Bay is characterized by rocky headlands and sea caves, Coral Bay itself is a 600m crescent of soft white sand, enclosed by a pair of limestone headlands. A myriad of shops, restaurants and bars made to cater tourists and locals needs, and a long stretch of palm trees and the sandiest beaches that turn a beautiful turquoise color on a sunny day. Coral Bay beach, one of the most famous beaches in Cyprus, carries an EU blue flag certification, which means it adheres to all standards, rules and regulations by the relevant committee.
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