Why Buy an Apartment in Luma Genesis, Paphos — Project and Real Estate Market Overview

When considering the purchase of property abroad, it’s essential to evaluate not only the price of the apartment or house but also its location, growth potential, and quality of life. Paphos, Cyprus, is one of the most attractive destinations for real estate investment today, and Luma Genesis is a project where you can invest at a reasonable price while securing excellent quality and strong future prospects.

Why Paphos and What’s Happening with Its Real Estate Market?

Paphos is not only a popular tourist destination but also a comfortable place to live and work. Located in the heart of the Mediterranean, it offers easy travel access to Europe, Israel, and the Middle East. Paphos is stable, warm, and safe, driving consistent demand for rental properties, particularly among vacationers, retirees, and remote workers.

Paphos is not just a great investment opportunity but also a pleasant place to live. The city is renowned for its beaches, UNESCO World Heritage sites, winemaking villages, and scenic mountain trails. Additionally, the cost of living in Paphos is lower than in many other European countries.

Compared to other popular Cypriot cities like Limassol or Larnaca, Paphos still offers relatively affordable prices. For instance, apartments in Luma Genesis start at €165,000 + VAT, significantly cheaper than comparable properties in other coastal cities. Infrastructure in Paphos is also improving rapidly, with projects like the new A7 highway under construction in the Geroskipou area.

Cyprus, in general, offers a favorable business environment with low corporate taxes, no inheritance tax, and tax incentives and residency programs for foreign nationals. For example, purchasing property can qualify buyers for permanent residency.

The Luma Genesis Project and Why It Stands Out

The Luma Genesis project is located in the quiet Geroskipou district, just minutes from central Paphos. This small residential complex comprises 24 apartments — 12 one-bedroom and 12 two-bedroom units.

• One-bedroom apartments: 62.3 m².
• Two-bedroom apartments: 90.3 m².
• Prices: starting from €165,000 + VAT — one of the most attractive offers in the Paphos market.

The apartments come with modern finishes and energy-efficient solutions.

Location

Geroskipou is a developing, peaceful district with quick access to key infrastructure.

• 6 minutes to Paphos Old Town.
• 7 minutes to the beach.
• 10 minutes to Kings Avenue Mall and Paphos Harbor.
• 15 minutes to Paphos International Airport.

This location is ideal for both living and renting out.

Amenities

The Luma Genesis residential complex is equipped with amenities to ensure a comfortable lifestyle:

• Communal pool: perfect for relaxing and enjoying Cyprus’s climate.
• Children’s playground: a safe environment for families.
• Rooftop terrace: offers beautiful views.
• Covered parking: for convenience and security.
• Air conditioning: installed in every room for year-round comfort.
• Electric blinds in bedrooms: enhancing privacy.

Who is it for

The Luma Genesis project is ideal for investors. Its reasonable pricing offers strong potential for both capital appreciation and rental income.

Suitable for:

First-time property buyers: a great entry point into the real estate market.
Retirees: seeking a comfortable, warm location for retirement.
Investors: looking to capitalize on the growing rental market for steady returns.
Project completion timeline

Apartment sales have already begun, and construction is actively progressing. The expected completion date is October 2026, making this an excellent time to invest in Cypriot real estate before prices rise significantly.