Cyprus Shines as a Premier Destination for Discerning Tourists and Investors Seeking EU Residency

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, and Portugal have closed their real estate investment programs, and Greece has significantly raised its costs, Cyprus remains the final destination offering an economical Plan B. We encourage Indian investors and homebuyers to seize this unique opportunity.”

Cyprus has become a favorite holiday destination for travelers from Asia, the Middle East, the UK, and Israel, who come to enjoy its sun-soaked beaches and relaxed coastal lifestyle. According to data from the Cyprus Statistical Service, over 2.2 million tourists visited the island between January and July this year, marking a 3.1% increase compared to the same period in 2023.

Positioned at the intersection of Europe, Asia, and Africa, Cyprus offers an excellent quality of life, year-round sunshine, and attractive business and investment opportunities. The Cyprus PR card provides numerous benefits, including free government education and healthcare, and simplified travel to Schengen countries for the cardholder, their spouse, and children. Additionally, investors can benefit from strong returns on investment through rental income and capital appreciation, all within a tax-friendly environment.

Leptos Estates offers a wide selection of properties eligible for Cyprus PR. Among their top developments are Venus Gardens, a distinctive residential resort near the Paphos coastline, Coral Sea Villas, a collection of freehold seafront villas in a prime location in Paphos, and spacious apartments at Limassol Park, surrounded by lush greenery.

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