Monday, September 9, 2024 Cyprus, a breathtaking island in the eastern Mediterranean, is known for its crystal-clear waters, pristine beaches, and natural beauty. It has now become one of the top destinations in Europe for both tourists and global real estate investors. Leptos Estates, a prominent real estate developer in Cyprus, is extending an invitation to Indian investors and international travelers to explore the opportunity of obtaining Permanent Residency (PR) in Cyprus.
The country remains the last in the EU offering an affordable PR option, requiring a minimum property investment of €300,000 plus VAT. Cyprus stands out as the only European nation still providing Permanent Residency at this accessible price for global travelers. In contrast, Greece, another popular European destination, recently increased the cost of its Golden Visa Program from €250,000 to €400,000.
In high-demand areas such as Santorini, Attica, Thessaloniki, and Mykonos, real estate investments now require €800,000. Leptos Estates, boasting over 60 years of experience in residential, commercial, and holiday properties, has seen a rise in interest from real estate investors and tourists in both Cyprus and Greece. In Greece, property sales to Indian buyers have surged by 37% over the past few months.
Sanjay Sachdev, Group Marketing Director at Leptos Estates, highlights Cyprus as the last affordable European destination offering EU Permanent Residency. “While countries like Ireland, Spain, .