- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Focus on Pegeia property sales

Coral Bay, Pegeia

Coral Bay, Pegeia

THE PAPHOS municipality of Pegeia (Peyia), which lies some 14 kilometres north of Paphos town on the west cost of Cyprus, is the focus of an analysis of property sales in the area over the past three years carried out by Delfi Partners and Co.

Pegeia has the largest British expat population concentration at municipality level not only in the Paphos district but also in Cyprus.

Delfi reports that over the past three years a total of 54 houses were sold in the municipality, 70% of which are in the residential zone at the heart of the village, 15% were sold in the touristic zones, while the remaining 15% were holiday villas.

With 14 sales in 2013, 17 in 2014 and 23 in 2015, Delfi considers that the gradual increase in house sales in the municipality demonstrates the diminishing effect of the 2013 crisis and a gradual resurgence of the local economy and the demand for houses.

Further reading

Delfi Real Estate Analytics – location Pegeia