Only new real estate from € 300,000 (excluding VAT) is eligible for the permanent residence permit program. Secondary housing is not eligible for the program. You can purchase one real estate or even several (one house and one apartment, or 2 apartments, or 2 houses). New buildings must be purchased from one developer.
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What property is suitable for obtaining long-term Cyprus residence?
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Real estate for residence.
Интересует жилье на острове Кипр
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Evis Hadjipetrou
Apr 5, 12:14 PM
The scheme for 300,000 and over is called section 6.1 There is another Permanent Residence scheme called Category F whereby you can purchase any suitable house that fits your family for any price and apply for residence. You must prove that you are financially independent, meaning proof of source of funds from out side the country. In fact the scheme allows you to even rent a house. have a look here http://moi.gov.cy/moi/CRMD/crmd.nsf/All/044601A0B7CE6062C2257D2C0037F93F