After much debate and speculation regarding the 1000 berth Paphos Marina at Podima, between Kissonerga and Coral Bay works began on the tidal barriers and shoreline. The marina was due to be fully operational and in service during 2012, however due to a legal dispute, the project is on hold.
Nevertheless for the financially adept and shrewd business people amongst you there is still a great opportunity available.
Even the most reserved speculator would acknowledge that Paphos property values should increase by consequence, after all are there any Mediterranean locations with top notch Marinas that are poverty stricken? we think not!! We are anticipating both local and foreign investment and demand for properties to rent or to buy.
In a brief study of comparative European Mediterranean locations the research showed that Paphos properties were on average 30-50% cheaper @ July 2008. Top-notch Mediterranean marinas command massive status and value, in fact many properties close to marinas are unaffordable to the majority of prospective buyers; so regarding the Paphos marina, delay at your own peril and risk of being priced out.
Paphos has distinct advantages over many of its Mediterranean peers, Cyprus, particularly Paphos is widely recognised for an abundance of natural beauty and most importantly sunshine guaranteed for most of the year.
Of course Paphos is already a top choice re-location destination for people from Europe, particularly the UK, many ex-pats have retired here already and wave after wave or people are now opting to live and work here, frankly we understand why Paphos is so popular, when compared to what is on offer in other parts of Europe, to name but a few reasons: its safer to live here, healthier living, a better place to raise families, less taxation and generally cheaper than most other developed countries and many more good and viable reasons.
Add the marina to your list!