Apartment Peyia, Cyprus

Prime 40,630 m² Investment Estate Overlooking the New Paphos Marina The Opportunity: Seize a rare opportunity to acquire a massive, contiguous land parcel positioned in the most strategic growth corridor of Paphos. Located on the elevated slopes of Peyia, this 40,630 m² estate offers unobstructed, 180-degree panoramic views of the Mediterranean and the site of the upcoming Paphos Marina at Potima Bay. Strategic Importance: With the 2026 advancement of the Paphos Marina—a 1,000-berth mega-project—land in this immediate perimeter is transitioning from simple acreage to high-value development assets. This property is perfectly suited for a flagship "Special Purpose" project designed to serve the high-net-worth demographic arriving with the Marina. Investment Potential: The vast scale of the plot allows for a variety of landmark developments (subject to planning permits by deviation): • Exclusive Medical/Wellness Clinic: Capitalizing on the demand for private healthcare near the Marina. • Luxury Senior Living Resort: A high-demand sector for European expats. • Boutique Retreat or Cultural Center: Blending luxury with the natural beauty of the Peyia hills. Key Specifications: • Land Area: 40,630 m² • Zone: Γ3 (Agricultural with significant development potential for large-scale projects) • Building/Coverage: 10% / 10% • Title Deeds: Clean & Available • Ownership Structure: Held via a Special Purpose Vehicle (SPV). A share transfer option is available, offering a tax-efficient acquisition with potential savings on VAT and Transfer Fees. Location Advantage: Enjoy the serenity of the Peyia hills while being just 1.6 km from the coast and minutes away from the vibrant Coral Bay and the future Marina hub. FAQ (Frequently Asked Questions) Q: Is the land currently buildable? A: As a Γ3 zone plot over 40,000 m², it qualifies for a single large residence by right. For commercial projects like a clinic or retreat, a "Planning Permit by Deviation" is required. The property’s size and proximity to residential zones make it a strong candidate for such approvals. Q: What is the benefit of the SPV (Company) structure? A: Buying the shares of the company that owns the land instead of the land itself can be highly advantageous. It may allow the buyer to avoid the 19% VAT and standard Land Registry transfer fees, representing a combined saving of over €600,000. Q: How does the new Paphos Marina affect the value? A: The Paphos Marina at Potima is the most significant infrastructure project in the region. Properties with direct views and close proximity are seeing rapid appreciation as the project moves into construction in 2026. This plot is positioned as a "front-row" investment. Q: Is there road access? A: The land currently requires the registration of a "Right of Way." Under Cyprus Law (Cap. 224), a landlocked owner has the legal right to secure access through neighboring plots to the nearest public road, a standard procedure for large developments. Q: Can a foreign investor buy this property? A: Yes. Non-EU citizens can acquire land in Cyprus, and buying via an SPV (Company) often simplifies the process for international investors.