A total of €46 million in residential investments is currently working through the planning pipeline in the wider Akamas region of Cyprus. Three distinct housing proposals, potentially delivering 89 luxury villas have submitted Environmental Impact Assessment studies to the Department of Environment for review. Project execution remains strictly contingent upon obtaining necessary environmental and municipal planning clearances.
Together, these developments reflect sustained developer interest across the Paphos district, representing an average capital investment of nearly €517,000 per villa.
Overview of Proposed Akamas Residential Developments
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Pegeia Municipality (€16 Million Project):
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Scope: 25 four bedroom, two storey luxury villas located within the Akamas Municipality.
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Property Features: Each residence includes a basement (128.65–176.40 sq. m), a private swimming pool, a garden, and dedicated parking.
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Site & Infrastructure: Situated on a 24,013 sq. m plot, the site plan incorporates an internal road network, walking paths, public green spaces, and a dedicated biological wastewater treatment unit.
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Secondary Akamas Municipal Scheme (€16.7 Million Project):
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Scope: 34 detached two storey residences spanning a 24,689 sq. m plot.
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Unit Breakdown: 23 four bedroom homes and 11 three-bedroom homes, with above-ground floor areas ranging from 127.45 to 224.23 sq. m. Nineteen units will include basements (79–144.45 sq. m).
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Amenities: Features 27 swimming pools (26 private and one shared) along with an on-site biological wastewater treatment plant.
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Polis Chrysochous / Neo Chorio Scheme (€13.3 Million Project):
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Scope: 30 residential units featuring ground, semi-basement, and upper-floor layouts, situated approximately 1 km west of the Akamas peninsula.
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Environmental Footprint: The environmental study submitted in July 2026 verifies that the development site lies outside designated Natura 2000 protected zones.
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Site Distribution: Occupies a total site area of 13,713 sq. m (net site area of 9,811 sq. m), allocating 1,773 sq. m for public green space and 236 sq. m for community infrastructure.
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Amenities: Includes private and communal pools, jacuzzis, massage areas, pedestrian walkways, a communal service facility, and wastewater treatment infrastructure.
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Source : Cyprus Property News