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3 bed apartment for sale

£149,604 (€169,000)

Peyia, Stunning Apartments And Townhouses - Coral Bay, Cyprus

3 2 1
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Property description

Thevillage of Peyia and surrounding area has become the
focus of some very exclusive developments resulting in the neighbourhood
becoming perhaps the most sought-after housing location in the district.

Peyia Village contains all one requires in the modern conveniences of shops, supermarkets, banks, restaurants and bars, yet still retaining its quaint and traditional nature.

Peyia is a perfect starting point to visit so many of the surrounding villages where time has almost stood still and where that typical Cypriot hand of genuine friendship is held out to the visitor.

King Alexander is just five minutes from the famous area of Coral Bay and its sandy beaches, modern hotels, shops and restaurants. Fifteen minutes along the scenic coast road will bring you into Paphos itself where you can pick up the motorway to the International Airport and on to the other major towns on the island. Archaeological remains are numerous in the Peyia area with some sites dating back over 3000 years.

Whether you seek a permanent residence or a vacation home, King Alexander provides a very clever mix of 1 & 2 bedroom apartments together with 2 & 3 bedroom townhouses. The project has been designed around two communal swimming pools, landscaped gardens and parking places. It significantly reflects the high standard of architectural excellence and enviable construction standards the market has come to expect from a leading developer.

Like all true classic developments, it transcends the boundaries of time and style, therefore, King Alexander will, inevitably be extremely popular. It presents an opportunity not to be missed.

This development is an excellent investment. The properties are built to a high standard. These properties are located in one of the most sort after areas, which will appreciate substantially over the next few years. Peyia and Coral Bay attract every type of property investor. This includes people from the UK to live, holiday makers, people that want to retire, long term lets and holiday lets. Paphos and especially Coral Bay have now reached 11 months season. Because of this it gives you the best of both worlds were you can go on holiday to Peyia and Coral Bay any time of the year. This also means you can let the property any time of the year to all different rental markets. Peyia is also the first area in Cyprus to reach its maximum build limit. Which means that it will be the first area to run into a supply and demand market in early 2008 when Cyprus joins the Euro currency. Peyia is protected not to expand its build density any further due to it being surrounded by Green Land. You have panoramic sea and mountain views from Peyia which also contains it’s own bars, famous restaurants, banks etc within this tranquil traditional village. Peyia is only 4-5 minutes to Coral Bay beach, which is the best beach in Cyprus and the most up market location for bars and restaurants.

One thing to note is that in early 2008 when Cyprus joins the Euro currency prices of property all over Cyprus will have a significant rise in appreciation. This will be the biggest appreciation rise in Cyprus, and explains why investors have been investing substantially in Cyprus over the past 2 years and will continue to do so until at least several years beyond the time of Cyprus joining the Euro. Peyia and Coral Bay will be the first areas to benefit from the property boom. This is due to the build restrictions in place within Peyia and explains the reasons why investors have purchased almost everything that is available.

Property info

Property location is approximate. Please contact the agent for further details.

For more information about this property, please contact
JJSmith Property Consultants Ltd, 3026 on +44 20 3641 4035 * (local rate)

Contact JJSmith Property Consultants Ltd about this property

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by JJSmith Property Consultants Ltd, and do not constitute property particulars. Please contact JJSmith Property Consultants Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.