Historic Ten-Bedroom House for Renovation in Giolou Village
€149,900
Giolou, Paphos, Cyprus
10
bedrooms
3
bathrooms
720 m²
plot
House
property type
11 Jul 2026
listed
The Habio take
AI summaryThis traditional stone villa in Giolou village features ten bedrooms and a spacious plot of 720 square metres, making it an excellent investment opportunity. Located near Paphos, it offers a blend of village charm and access to modern amenities.
- village
- investment
- renovation
- quiet
Highlights
- Ten bedrooms with potential for transformation
- Large plot with development permissions
- Proximity to Paphos and local amenities
- Potential financial aid for renovations
- Rich local culture and active community
Worth knowing
- Requires extensive renovation
- Older property characteristics may not appeal to everyone
Good fit for: Ideal for investors or restoration enthusiasts seeking a project with historical charm.
Lifestyle scores
- Beach
- 40
- Walkable
- 60
- Remote work
- 60
- Family
- 50
- Retirement
- 65
- Airport access
- 70
- Investment
- 70
- Luxury
- 50
- Value
- 80
About this place
This historic stone villa, built approximately 120 years ago, is located in the heart of Giolou village near Paphos, Cyprus. The property comprises ten bedrooms, three bathrooms, and is set on a generous plot of 720 square metres, providing ample space for development with permission for 120% additional build.
Currently, the dwelling includes three interconnected cottages retaining their original design elements, ideal for renovation enthusiasts looking to restore them to their former glory. The surrounding gardens boast fruit trees such as citrus, olive, and mulberry, offering peaceful shaded areas.
Situated in a developing suburb with a strong community presence, Giolou offers local amenities such as cafes, taverns, and regular cultural events. Moreover, the vibrant resort of Paphos, known for its stunning beaches and numerous attractions, is a short distance away. The property also has the compelling advantage of potential financial support from local authorities covering up to 70% of renovation costs, making it a worthwhile investment opportunity.
What this place offers
- garden
- parking
- private garden
- gated residence
Buying property in Cyprus
The process of buying property in Cyprus requires careful planning and involves several legal steps. Foreign buyers should budget for associated costs such as stamp duty, legal fees, and transfer fees, which can vary based on the property's value and other conditions.
Foreign buyers must confirm details with a qualified local lawyer as there are differences based on citizenship, and laws can change.
Recent adjustments include the introduction of a 0.4% seller's fee for the Central Agency for Equal Distribution of Burdens.
Sources consulted (2026-07-27): - Purchasing Property - Ministry of Interior - Gov.cy: https://www.gov.cy/moi/en/purchasing-property/?utm_source=habio - Εργαλείο υπολογισμού Φ.Π.Α. 5% για αγορά/ανέγερση κατοικίας - Tax For All - Gov.cy: https://www.gov.cy/mof-tfa/documents/ergaleio-ypologismoy-f-p-a-gia-agora-anegersi-katoikias/?utm_source=habio
Always check the latest legal requirements and fees.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
