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28.03.2024
Updated
28 March 2024

Cyprus among the most popular destinations for buying real estates by Russians

Despite all the difficulties, the interest of Russian citizens in buying real estate in Cyprus is not decreasing.

Thus, according to the latest statistics, Cyprus has entered the top 5 destinations for buying real estate by Russians in 2024.

The island state was placed on the second line of the rating, yielding only to Turkey. In the top five were also: Thailand, UAE and France. Recall that last year the leaders were Hungary, Cyprus, Turkey, Indonesia and Greece. And a year earlier - Turkey, UAE, Cyprus, Malta and Spain.

By the way, Cyprus has not lost its position and remains a popular country for buying apartments and houses for Russians. The main reason is the possibility of accelerated obtaining a residence permit when buying housing from 300 thousand euros, as well as the loyalty of the Cypriot authorities to foreign investors.

Кипр вошел самые популярные направления для покупки зарубежной недвижимости в 2024 году у россиян

According to experts, this year the most popular options for the purchase of housing for Russians are apartments with one or two bedrooms with an area of 50 m2 to 80 m2 at the initial stage of construction.

When choosing housing for their residence buyers give preference to villas in Cyprus. To obtain Turkish citizenship - two-bedroom, and to obtain a residence permit in France - one-bedroom apartments.

It should be noted that earlier Cyprus was for Russian citizens a "reserve airfield" for obtaining a second passport or permanent residence permit in Cyprus, transfer of capital and purchase of housing in such a location, where, if desired, you can move in the future.

Source: erzrf.ru
Photos: pixabay.com

Interested in property on the island? Check out the number one real estate agency in Cyprus, DOM! The website features the largest database of real estate in the country – over 100,000 residential and commercial properties across the entire island. Choose and consult with professional brokers who will help you make the right choice!

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