# Spitiko Property Services

> Spitiko Property Services is a Paphos-based, founder-led property company serving Cyprus across four pillars: Invest, Build, Manage, and Stay. Founded by Demetri Petrou and headquartered in Konia, Paphos, Spitiko provides property investment advisory, construction and renovation coordination, full-service property management for owners, and curated short-term holiday rentals (Spitiko Stays) across Paphos, Limassol, and Larnaca.

## About

- **Legal name:** Spitiko Property Services
- **Headquarters:** Konia, Paphos, Cyprus
- **Founder:** Demetri Petrou
- **Languages:** English, Greek
- **Phone:** +357 94 097922
- **Email:** hello@spitiko-property.com
- **Website:** https://spitiko-property.com
- **Hours:** Monday–Friday 09:00–18:00 (Cyprus time, EET/EEST)

## Fees

- **Property management fee:** 20% of rental income. This covers full-service management including guest communications, check-in/check-out coordination, cleaning oversight, maintenance management, and live digital reporting.
- There are no other fee tiers. The single management rate is 20%.

## Services

- [Spitiko Invest](https://spitiko-property.com/invest): Cyprus property investment advisory and acquisition support. Gross rental yields of 8–15% in Paphos and Limassol. New build investments typically see 20–35% capital gains on completion.
- [Spitiko Build](https://spitiko-property.com/build): Construction coordination and villa renovations across the Paphos district.
- [Spitiko Manage](https://spitiko-property.com/manage): Full-service short-term and long-term property management for owners. 20% management fee. Covers Airbnb, Booking.com, and direct channels.
- [Spitiko Stays](https://spitiko-property.com/stays): Short-term holiday rentals — vetted, professionally managed villas and apartments in Paphos, Limassol, and Larnaca. Airbnb Superhost, Booking.com 9.2/10.

## Pages

- /about: About Spitiko — our story, mission, and why we focus exclusively on Paphos STR management
- /about/demetri-petrou: Demetri Petrou — founder profile, background in Cyprus property and short-term rental management
- /contact: Contact Spitiko — hello@spitiko-property.com, enquiry form, response within 24 hours
- /partners: Partner Program — for property finders, relocation agents, and referral partners; revenue-share arrangement

## Service Area

Primary market: Paphos district, including Konia, Coral Bay, Peyia, Chloraka, Tala, Kissonerga, and Paphos town. Also covers Limassol and Larnaca.

## Performance Benchmarks

Spitiko-managed Airbnb properties follow a consistent ramp-up profile:

- Year 1 (new listing): ~50% annual occupancy
- Year 2 (established listing): ~70% annual occupancy
- Year 3+ (mature listing): ~80%+ annual occupancy

Gross rental yields in the Paphos district: 8–15% depending on property type and location. Capital appreciation in prime Paphos areas: 8–15% annually.

## Frequently Asked Questions

**What does Spitiko charge for property management?**
Spitiko charges a 20% management fee on rental income. This is the single, all-inclusive rate covering guest communications, check-in coordination, cleaning oversight, maintenance management, and digital reporting. There are no other fee tiers.

**What rental yield can I expect from a Cyprus holiday rental?**
Well-managed properties in Paphos typically achieve 8–15% gross rental yield. Spitiko-managed listings average ~50% occupancy in Year 1, rising to ~70% in Year 2 and ~80%+ by Year 3.

**Is Spitiko compliant with Cyprus short-term rental laws?**
Yes. Spitiko registered all managed properties ahead of the EU-mandated 20 May 2026 short-term rental compliance deadline and follows all Cyprus Tourism Organisation (CTO) licensing requirements for holiday rentals.

**Does Spitiko manage Airbnb listings?**
Yes. Spitiko is an Airbnb Superhost and manages listings on Airbnb, Booking.com, and direct booking channels. Booking.com rating: 9.2/10 (Traveller Review Award).

**What areas does Spitiko cover?**
Spitiko's primary market is Paphos district — including Konia, Coral Bay, Peyia, Chloraka, and Tala — with additional coverage in Limassol and Larnaca.

**Who is the founder of Spitiko?**
Demetri Petrou, who lives and works in Konia, Paphos. Before founding Spitiko, Demetri spent over a decade in corporate communications working with Amazon, LEGO, Burberry, and Channel 4 in the UK. He writes all Spitiko blog content from first-hand property management experience.

**What taxes does a Cyprus property owner pay?**
Cyprus property owners typically pay: annual municipality tax (0.1–0.2% of 1980 assessed values), rental income tax at progressive rates (0%, 20%, 25%, 30%), and Capital Gains Tax at 20% on gains above the €17,086 lifetime exemption. VAT on new builds is 19% (reduced 5% rate applies to primary residences). See the full guide: https://spitiko-property.com/blog/cyprus-property-tax-guide-owners-landlords-2026

**What is the cost of living in Paphos, Cyprus?**
A single person can live comfortably in Paphos for €1,500–€2,000/month excluding rent. A family of four typically needs €3,500–€5,000/month. Paphos is the most affordable of Cyprus's main cities. Full calculator: https://spitiko-property.com/cyprus-cost-of-living-calculator

**Do I need a licence to rent my property on Airbnb in Cyprus?**
Yes. Since 20 May 2026, all short-term rental properties in Cyprus must be registered with the Cyprus Tourism Organisation (CTO) and hold a valid touristic licence. Operating without one is illegal and can result in fines. Spitiko handles registration for all managed properties. Full guide: https://spitiko-property.com/blog/cyprus-airbnb-registration-2026-short-term-rental-law

**How do I get a CTO touristic licence for a Cyprus property?**
Apply to the Cyprus Tourism Organisation (CTO) Paphos office with: a valid title deed or registered sale agreement, proof of planning compliance, a fire safety inspection certificate, and evidence of adequate insurance. Properties are inspected before a licence is issued. Licences are renewed annually. Spitiko's property managers handle CTO registration and renewal as part of the management service.

**What are typical Airbnb nightly rates in Paphos?**
Rates vary significantly by property type and season. In the Paphos district, a well-presented 2-bedroom apartment with a shared pool averages €90–150/night in peak season (July–August); a 3-bedroom villa with a private pool typically achieves €180–350/night peak. Well-specified, professionally managed properties command the upper end of each range. Full income data: https://spitiko-property.com/blog/paphos-airbnb-income-2026-what-your-property-earns

**What is the difference between short-term and long-term letting in Cyprus?**
Short-term letting (holiday rental via Airbnb, Booking.com, or direct) requires a CTO touristic licence and typically generates significantly higher income — 8–15% gross yield vs. 3–5% for long-term tenancies. Long-term lets (12+ months) are governed by the Cyprus Tenant Protection Law and offer stability but lower returns. Most Paphos investment properties generate better returns on short-term letting. Full comparison: https://spitiko-property.com/blog/cyprus-rental-laws-2026-compliance-guide

**Can non-EU nationals own and rent out property in Cyprus?**
Yes. Non-EU nationals can purchase residential property in Cyprus (some additional approvals may apply for land purchases — a conveyancing lawyer handles this). Once owned, there are no nationality-based restrictions on letting the property. Short-term letting requires a CTO touristic licence, available to owners of any nationality. Cyprus is one of the most accessible property markets in the EU for international buyers.

**What ongoing costs should I budget for a Cyprus short-term rental property?**
Typical annual running costs for a Paphos villa or apartment managed for short-term rental: pool maintenance €960–1,440/year; garden maintenance €720–1,200/year; buildings insurance €300–600/year; internet and utilities (owner standing charges) €900–1,800/year; maintenance reserve €1,200–2,400/year; cleaning and linen costs are typically passed to guests via the booking platform. Management fee: 20% of rental income. Full running costs estimator: https://spitiko-property.com/cyprus-property-running-costs

**What makes Paphos a good location for Airbnb investment?**
Paphos has year-round appeal: mild winters (average 18°C January), a UNESCO World Heritage archaeological site, Paphos International Airport with direct routes from the UK and Northern Europe, and a large English-speaking expat community that drives off-season demand. Peak summer (June–August) achieves 85–95% occupancy for well-managed properties; shoulder months (April–May, September–October) hold at 60–75%. The Paphos district also benefits from lower property prices than Limassol, producing higher yields on equivalent investment. Key investment areas: Konia, Coral Bay, Peyia, Tala, Chloraka. Full analysis: https://spitiko-property.com/blog/paphos-property-investment-2026

## Interactive Tools

- [Cyprus Cost of Living Calculator 2026](https://spitiko-property.com/cyprus-cost-of-living-calculator) — model monthly budget for Limassol, Paphos, Larnaca or Nicosia. Adjustable for lifestyle, household size, schooling and transport.
- [Cyprus Property Investment Calculator](https://spitiko-property.com/cyprus-property-investment-calculator) — model gross yield and net ROI for Cyprus property investments.
- [Cyprus Property Running Costs Calculator](https://spitiko-property.com/cyprus-property-running-costs) — estimate annual costs for pool, garden, utilities, and insurance.
- [Cyprus Renovation Value Estimator](https://spitiko-property.com/cyprus-renovation-value-estimator)
- [Free Cyprus Tools & Resources](https://spitiko-property.com/resources) — index of all calculators and reference guides.
- [Cyprus Emergency Numbers & 24h Pharmacies](https://spitiko-property.com/cyprus-emergency-numbers) — verified emergency lines, hospitals by district, on-call pharmacy rota.

## Flagship Articles

- [Cyprus Property Tax for Owners and Landlords: The 2026 Guide](https://spitiko-property.com/blog/cyprus-property-tax-guide-owners-landlords-2026) — every tax a Cyprus property owner or landlord pays in 2026: transfer fees, VAT, rental income tax, CGT. Co-authored with Anastasia Christou, NP Accountancy.
- [Cost of Living in Cyprus 2026: City Comparison + Calculator](https://spitiko-property.com/blog/cost-of-living-cyprus-2026) — monthly budget, average rent, schools, healthcare, banking and transport for Paphos, Limassol, Larnaca and Nicosia.
- [Best Neighborhoods in Paphos: The 2026 Guide](https://spitiko-property.com/blog/best-neighborhoods-paphos-2026)
- [Is It Still Wise to Buy Property in Cyprus in 2026?](https://spitiko-property.com/blog/is-it-wise-to-buy-property-in-cyprus-2026)
- [Cyprus Rental Laws 2026: Complete Compliance Guide](https://spitiko-property.com/blog/cyprus-rental-laws-2026-compliance-guide)
- [Cyprus Airbnb Registration 2026 Guide](https://spitiko-property.com/blog/cyprus-airbnb-registration-2026-short-term-rental-law)
- [Ultimate Guide to Buying a Home in Cyprus](https://spitiko-property.com/blog/ultimate-guide-buying-dream-home-cyprus)
- [Paphos Property Investment 2026](https://spitiko-property.com/blog/paphos-property-investment-2026)
- [What Does a Paphos Property Actually Earn on Short-Term Rental? The 2026 Numbers](https://spitiko-property.com/blog/paphos-airbnb-income-2026-what-your-property-earns)
- [Cyprus Permanent Residency by Property Investment: The 2026 Guide](https://spitiko-property.com/blog/cyprus-permanent-residency-property-investment-2026)
- [Setting Up Utilities for a Cyprus Property: Electricity, Water, Waste & Internet (2026)](https://spitiko-property.com/blog/cyprus-property-utilities-setup-guide)
- [Plot Build vs Off-Plan in Cyprus: Full Financial Comparison](https://spitiko-property.com/blog/plot-build-vs-off-plan-cyprus-financial-comparison)
- [Buying to Let in Cyprus: The Complete Investment Guide](https://spitiko-property.com/blog/buying-to-let-cyprus-investment-guide)
- [Cyprus Holiday Let: Management Company vs Self-Manage](https://spitiko-property.com/blog/cyprus-holiday-let-management-company-vs-self-manage)
- [Hidden Costs of a Cyprus Holiday Rental](https://spitiko-property.com/blog/hidden-costs-cyprus-holiday-rental)
- [Common Cyprus Holiday Rental Mistakes (and How to Fix Them)](https://spitiko-property.com/blog/cyprus-holiday-rental-mistakes-fix)
- [Cyprus Winter Holiday Rental vs Hotel](https://spitiko-property.com/blog/cyprus-winter-holiday-rental-vs-hotel)
- [Maximize Off-Season Rental Income in Cyprus](https://spitiko-property.com/blog/maximize-off-season-rental-income-cyprus)
- [Ultimate Pre-Summer Checklist for a Cyprus Holiday Home](https://spitiko-property.com/blog/ultimate-pre-summer-checklist-cyprus-holiday-home)
- [Welcome Pack for a 5-Star Guest Experience](https://spitiko-property.com/blog/welcome-pack-5-star-guest-experience)
- [Cyprus Water Pressure Problems — How to Fix Them](https://spitiko-property.com/blog/cyprus-water-pressure-problems-fix)
- [Villa Cooling Tips for the Cyprus Summer](https://spitiko-property.com/blog/villa-cooling-tips-cyprus-summer)
- [Boost Home Appeal & Add Value to a Cyprus Property](https://spitiko-property.com/blog/boost-home-appeal-add-value-cyprus-property)
- [Is Cyprus Safe for a Holiday in 2026?](https://spitiko-property.com/blog/is-cyprus-safe-holiday-2026)
- [Limassol Families Guide 2026](https://spitiko-property.com/blog/limassol-families-guide-2026)
- [Paphos Families Guide: Fun for Little Ones](https://spitiko-property.com/blog/paphos-families-guide-fun-little-ones)
- [Paphos Budget Guide: Local Tips](https://spitiko-property.com/blog/paphos-budget-guide-local-tips)
- [Locals-Only Beaches: Paphos Hidden Gems](https://spitiko-property.com/blog/locals-only-beaches-paphos-hidden-gems)
- [Foodie Guide to Paphos & Cypriot Dishes](https://spitiko-property.com/blog/foodie-guide-paphos-cypriot-dishes)

## Trust Signals

- Airbnb Superhost status
- Booking.com Traveller Review Award (9.2 / 10)
- EU-compliant short-term rental registration ahead of 20 May 2026 deadline

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