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A Leaked email from a UK Financial Services consultants to its client suggesting that buying property in the Peyia area will pay dividends now that the contract to build the new Paphos 1000 yacht marina has been awarded is causing some speculation.
In fact, owners of land surrounding the site for the new marina have seen its value triple since the decision to build the marina was taken.
The €70 million+ contract has been awarded to a consortium and the winning group will have to pay the government an annual rent of €4m for the next 19 years.
The Announcement of the award was made by government Commerce Minister Antonis Patsalides for the project in Potima, Paphos.
Competition for the project was said to be stiff with four consortiums concerned and work will start immediately and must be completed in three years.
The Marina will have moorings for 1000 boats, slipways and a boatyard. There will also be further leisure facilities, including a restaurant, bar and parking.
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"Acropolis Panorama” is situated on a large plot of land to the West of the center of Peyia Village in the Paphos area of Southern Cyprus. The plot is amphitheatric in shape, with large level changes and beautiful views of the surrounding landscape, including unobstructed views of the coastline of Coral Bay and the proposed Marina site. A large part of plot borders an adjacent public green area. Access to the site is easy and only a 15 minutes to the center of Paphos town. Access to the beaches is just a five minute drive into Coral Bay.
On the South East coast of Cyprus, Paphos is divided into the upper and lower town. The lower town is a tourist area concentrated around it's colorful harbour boasting a wide range os sea front bars, restaurants and numerous luxury hotels. Modern shops, boutiques, cafes and restaurants combine perfectly with areas of great Cypriot historical significance.
Paphos is rich in archaeological sites and is a declared UNESCO World Heritage Site.
The Tomb of the Kings date back to 300 BC and can be found in lower Paphos. There are more than 100 tombs cut into solid rock, with carved steps leading down into burial chambers.
Legend has it that Aphrodite, the Greek goddess of love, was born in the waters near Paphos at Aphrodite's Rock.
Beyond the town of Paphos is the unspoiled Akamas peninsular, a spectacular national park with dramatic coastlines.
The nearby areas of Coral Bay and Polis provide stunning scenery and beautiful sandy beaches.
For the sporting enthusiast the Tsada Golf Course is close by and just a 30 minute drive to the award winning Aphrodite Hills 18 Hole championship standard golf course.
Approximate distances from the Acropolis Panorama development:
- 5 minute drive to the beach and new Coral Bay Marina
- 10 minute drive to the Tomb of the Kings
- 5 minute walk to the local school
- 5 minute drive to the tourist area
- 10 minute drive to Paphos general hospital
- 15 minute drive to a Tsada Golf Course
- 25 minute drive to Paphos international airport
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