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S.P.O Development is a real estate development company specializing in residential construction in Paphos, Cyprus. The firm develops quality residential buildings in prime central locations, combining local market research with professional teams to deliver tailored solutions for investors.
The flagship project, Paphos Elite Residence, comprises 12 luxury units — one-bedroom and two-bedroom configurations across four floors with large balconies and premium finishings. Upper-floor units offer panoramic Mediterranean Sea views, with private storage on the ground floor.
Located in central Paphos adjacent to the Park of Colors — a 30-dunam park with sports facilities and playgrounds — the project is within walking distance of the municipal market and Old Town, and five minutes from the beach. The commercial center and TEPAK Technological University are within one kilometer.
Paphos has undergone significant transformation with modern infrastructure attracting international investors and digital nomads. Cyprus offers an attractive tax system with low corporate tax. Paphos rental yields average 6-8 percent, with prices rising 11 percent annually over three years. Prices start from 180,000 euros plus VAT, with financing available through a Cypriot bank. The company invests its own capital in projects, ensuring personal commitment to quality.
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