Roseland Villas 1

Roseland Villas 1 is a 4-bedroom villa enclave in Paphos by Aristo Developers, comprising 4 villas (3 currently available) with covered floor areas of 282-284 m². Starting price from €850,000 (excluding VAT) for villa V3/V3A.

The project is situated at the intersection between central Paphos and the coastal area, offering an attractively priced segment for families seeking generous space under €1 million.

Roseland Villas Features

Each Roseland villa features a two-storey layout with a double-height open-plan living – kitchen area, a private pool, a 100-150 m² garden, and two parking spaces. The master bedroom includes a walk-in closet and an en-suite bathroom with a walk-in shower.

Finishes and materials: natural travertine stone flooring, matte white kitchen cabinetry with granite worktops, Bosch series 6 appliances, double-glazed Low-E windows, and inverter air-conditioning units in each room.

Paphos Location

Paphos is the capital of western Cyprus, with its archaeological site designated a UNESCO World Heritage Site in 1980. The city has a population of approximately 36,000 and was named European Capital of Culture by the EU in 2017.

Roseland is located near Kato Paphos (the tourist centre) and the Tombs of the Kings (archaeological site). Distances: Paphos Marina (12 minutes), PFO Airport (25 minutes), Coral Bay (22 minutes), Paphos Mall (8 minutes), and American Medical Center (10 minutes).

Aristo Developers – the developer

Aristo Developers is one of the oldest property developers in Cyprus, operating since 1980 with a portfolio of over 50 projects across the island. Headquartered in Paphos, the company specialises in developing holiday villas, apartments and golf resorts, notably the 1,000-hectare flagship Venus Rock Golf Resort.

Aristo has handed over thousands of properties to clients from the UK, Russia, China, Israel and the Middle East over four decades. The company is one of the few Cyprus developers with its own golf course and a full property management system.

Cyprus Permanent Residency Programme

Properties in this subdivision (prices from €300,000+VAT) are eligible for the Cyprus permanent residency by investment programme under Regulation 6(2) – also known as Category 6.2. This is one of the fastest permanent residency programmes in the EU, with a fast-track processing time of 2-6 months.

Key requirements: (1) minimum investment of €300,000 excluding VAT in NEW residential property purchased directly from the developer; (2) minimum overseas income of €50,000 per year (plus €15,000 for spouse and €10,000 per child); (3) clean criminal record; (4) suitable health insurance.

Benefits: permanent residency for the whole family (spouse, children under 18, financially dependent children aged 18-25), no continuous residency requirement, only one entry every two years is needed to maintain status.

Tax Advantages and Yield

A preferential VAT rate of 5% applies to the first 130 m² of a primary residence, provided the total transaction value is under €475,000 and the total built area is under 190 m². Above these thresholds, 19% VAT applies to the entire transaction. Investment properties for rent are subject to the standard 19% VAT.

Cyprus has double taxation treaties with over 65 countries. Capital Gains Tax is 20%, applied to gains exceeding inflation adjustments and a personal exemption of €17,086. The average market rental yield in Paphos is 3-5% per year (gross) for holiday properties, according to the Cyprus Real Estate Market Report 2025.