Paphos has been named the European Capital of Smart Tourism in 2023. It is profitable to invest in a project straight from the developer with a guaranteed income. The property can be put into operation already, or it can be at the construction stage. In any case, you get 5% of the income. If you lease housing through a management company for short-term rent, the yield is 8%. If you buy a property at the excavation stage, then the yield is 20%!