Five-star resort lifestyle

While the real estate market in Cyprus is more than holding its own, some areas are enjoying a rather large appreciation in property values.

Paphos in particular has seen a major increase in prices as investors flock to Cyprus to snatch up available property.

Paphos boasts a unique climate reputed as one of the healthiest in the world with 320 days of sunshine a year. The warm summers lead to mild winters and the region is within an hour's drive from the coast and the Troodos Mountains which offer skiing in Janaury and February.

Overall, Paphos is a mature and well established area which has been popular with British holidaymakers for years.

Paphos town centre is popular with families and retired people while villas in the surrounding villages also attract those looking to retire due to the developed infrastructure.

The region has undergone a renaissance due to government spending on its infrastructure such as roads, dams and airport. This, in turn, has encouraged the tourist industry to invest heavily in the area and the population has risen to about 40,000.

Ktima is the main residential area but most visitors head for Kato Paphos near the medieval port where there are lots of bars, tavernas, restaurants and nightclubs which come alive after dark.

The Leptos Estates Group, a leader in land development in Cyprus, has created a development just 10km from Paphos town which will offer investors a luxurious five star resort lifestyle.

The Coral Bay estates make up a beautiful resort situated to the northwest of Paphos in an area renowned for its superb sandy beaches.

The main road is lined with a selection of shops, restaurants, night spots, tavernas, supermarkets and souvenir shops.

The Coral Bay estates project started in 1967 and is known for its Mediterranean architecture, greenery and unique position overlooking the serene beaches.

It houses the Coral Bay Villas, Coral Bay Peninsula and the Coral Gardens.

Coral Bay Villas are just a short walk from the most popular hotels in Cyprus, the Thalassa Boutique Hotel & Spa and the five star Coral Beach Hotel and resort - both owned and operated by the Leptos Group.

The Villas are made up of pre-designed and custom built three, four, five and six bedroom properties constructed in Mediterranean style with clay roof tiles, bright and airy open spaces, large verandas, sun patios and many private swimming pools. Proud estate owners will also be able to enjoy the amenities and five star services at the Leptos hotels nearby.

The Coral Bay Peninsula boasts three and four bedroom semi-detached and terraced luxury villas which are designed around a large communal pool, children's pool and landscaped gardens.

Coral Gardens is a gated community built with attention to detail. The apartments and townhouses incorporate a touch of Mediterranean influence and are set amid extensive gardens and a stunning lagoon-like swimming pool and club house. All one, two and three bedroom properties have been designed to create ample living space with spacious terraces and allocated parking and storage.

New home owners at the estate are entitled to a free five-year membership in the 'Leptos Calypso Loyalty Club' which offers many benefits including 15 per cent discounts on all restaurants, bars, shops and spa treatments and special privileges regarding rooms at the Leptos hotels.

For more information, contact Ross Culhane at Star International Real Estate on +97317565176.