Viewpoint Hills

Viewpoint Hills is the largest villa enclave by Aristo Developers in Peyia – an elevated hill area west of Paphos, comprising 50 villas designed with 3-5 bedrooms, with 34 units available. Starting price from €706,000 (excluding VAT) for a 3-bedroom villa.

The hillside location offers 180-degree panoramic sea views towards Coral Bay and the Akamas Peninsula – a protected area under the EU Natura 2000 network. This enclave is suited for buyers seeking generous space, views, and moderate pricing.

Viewpoint Hills Key Features

The enclave is divided into multiple blocks with designs including Type 3C (3 bed), Type 3D (3 bed), Type 4A/4B (4 bed), and Type 5B (5 bed). Covered floor area ranges from 196 m² (3 bed) to 481 m² (5 bed), corresponding to plots of 250-650 m².

Each villa features a private pool, landscaped garden, BBQ area, and 2 parking spaces. The master bedroom on the first floor features a private balcony with views. Finishes: engineered timber flooring, designer Italian kitchen, Bosch appliances, Low-E glass aluminium doors, and a 5kW solar panel system.

Peyia Location

Peyia (Peyia/Pegeia) is a hilltop resort village in the Paphos area with a population of approximately 4,000. The area is known for its panoramic sea views and proximity to the Akamas Peninsula nature reserve.

Distances: Coral Bay Beach (5 minutes), Paphos city centre (15 minutes), PFO Airport (30 minutes), Limassol Marina (45 minutes). Nearby amenities: Peyia commercial centre (3 minutes), traditional seafood restaurants in the Sea Caves area, and the iconic Aphrodite Rock beach (Petra tou Romiou) 35 minutes away.

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.