The right of permanent residence in Cyprus, i.e. permanent residency (PR), can be obtained in various ways. However, the simplest and fastest is the purchase of real estate worth from €300,000. In this case, not only the buyer but also their family members have the right to obtain Cyprus PR on an accelerated basis.
Conditions for Obtaining Cyprus PR
A Category F residence permit, commonly referred to as permanent residency, allows the holder to stay in Cyprus for any length of time. The main requirement is to visit the island at least twice a year and not be absent for more than 2 years. Cyprus PR implies visa-free travel across EU countries and the Schengen area.
The Category F permit is easiest to obtain by purchasing property worth from €300,000. In this case, PR is granted not only to the owner but also to their family: parents, spouses, parents of spouses, and children up to 28 years old.
There are several conditions and restrictions to consider:
- the property must be new, meaning resale properties do not qualify for the simplified PR process
- the price must exceed €300,000 excluding taxes, with at least €200,000 paid upfront in a single payment (the remaining amount can be financed through a mortgage)
- the applicant must confirm income from abroad; this requirement also applies to accompanying family members
- all applicants must have no criminal record
- the buyer must deposit at least €30,000 in a Cypriot bank
The simplified PR application procedure for property buyers in Cyprus takes several months. There is no requirement to pass language exams in the official languages (Greek or English).
Read more about the simplified process of obtaining Cyprus PR.
Below we present 6 excellent housing options in Larnaca, purchasing which allows you to apply for a Category F visa. Prices start from €300,000, and all properties are new developments. Both apartments and villas are included.
3-Bedroom Ground Floor Apartment in Plus 21 Roy Terraces, Mackenzie
Mackenzie is a rapidly developing area with good infrastructure and proximity to clean beaches. Another key advantage is the high demand for property in Mackenzie. Prices are currently still reasonable, but this is expected to change in the coming years. The area is close to the city center and has strong potential to become both a tourist hotspot and a well-developed suburb.
Plus 21 Roy Terraces is a luxurious new development featuring landscaped design. Residents enjoy a swimming pool, covered parking, walking areas, and high-level service. The sea is just a 5-minute walk away.
The ground-floor apartment in Plus 21 Roy Terraces is an excellent choice for those who value privacy. A ground floor apartment in Cyprus means a unit on the first level with a separate entrance. In this case, it also includes a private garden accessible only to the residents of this apartment.
The area of the 3-bedroom apartment is 110 m² excluding terraces and the private garden. It includes 3 bedrooms, 3 bathrooms, and offers views of the sea and the park. Despite being on the ground floor, the views are excellent.
Available properties in the project
3-Bedroom Penthouse in Wave Tower, Harbor
Another gated complex in the heart of Larnaca—located by the yacht marina, right on the seafront. Within walking distance are the promenade, Finikoudes Beach, Europe Square, and the city center with all amenities and attractions. Wave Tower is a stylish development with 13 apartments. Each unit features a spacious terrace with views, underfloor heating, a smart home system, and more. Covered parking, storage rooms, and security are provided.
The 3-bedroom apartment is located on the third floor, offering stunning sea views. The apartment covers nearly 100 m² excluding the terrace and storage room. It is delivered fully finished using high-quality materials.
2-Bedroom Penthouse in the Marina Area
The Larnaca marina area (Radisson Hotel) is one of the most attractive locations. All infrastructure—schools, banks, gyms, beaches, landmarks, and leisure areas—is within walking distance. It is considered an elite area with limited future development, which supports strong price growth potential.
The duplex penthouse is located in a small 4-storey building. The first level includes 2 bedrooms, 2 bathrooms, an open-plan kitchen and living room, and a large terrace. The second level is an open leisure space with a BBQ area and optional jacuzzi. Total area: 96 m².
2-Bedroom Penthouse in Drosia
This penthouse is located in the city center. Central areas offer a calmer lifestyle without tourist crowds, lower prices, and full access to everyday infrastructure. The sea is just a 10-minute drive away.
Tip: the nearest comfortable beaches are Finikoudes and Mackenzie.
The penthouse is on the 4th floor and covers 185 m². It includes a 2-bedroom apartment with bathrooms and a loggia, plus an upper-level space for a leisure area. Storage, parking, and elevator access are included. It is an excellent investment opportunity.
3-Bedroom Apartment in Mackenzie
Mackenzie is a developing district near Larnaca Airport and the Salt Lake. It has excellent infrastructure and strong growth potential. Most developments here are comfort+ and business class.
The apartment is located in such a complex, featuring a pool, relaxation area, parking, landscaping, elevator, and panoramic sea-view balconies. The apartment is on the 7th floor, covering 138 m² with 3 bedrooms and 3 bathrooms.
This property has strong investment appeal, being just 100 meters from the beach, making it suitable for both long-term and short-term rental.
4-Bedroom Villa in Dhekelia
Dhekelia is just a 10-minute drive from Larnaca, offering peaceful seaside living away from the city bustle. It is especially suitable for families.
The 4-bedroom villa is located in a gated complex, ensuring privacy and security. The property includes a pool and outdoor relaxation area. The ground floor features an open-plan kitchen and living area with a bathroom. The second floor has two bedrooms and a master bedroom with an en-suite and terrace. The third floor includes a leisure room and rooftop space for a garden. Total covered area: 213 m², plot: 256 m².
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