The Story behind Leptos Estates, the Leading Property Developer in Cyprus

Leptos Estates is a property development group on the island of Cyprus. This organisation has a long history in the real estate industry and has achieved a leading position through the professional attitude of every single employee it has, the international networks, connections, sales and after-sales services it provides and of course the enormous investment in land purchasing that it has accumulated over the years.

The group focuses on purchasing only the finest locations and uses the highest standards in construction and design to build luxury, elegant and high-quality homes to suit the lifestyle and comforts of Cyprus Property owners. If we travel back in time for a moment, you will understand how Leptos Estates adopted the title as the number one developer in Cyprus.

Development between 60s and 90s

Its operations began in over 5 decades ago in the 1960s, when Michael Leptos – the man with the innovating vision – started the property development business in Northern Cyprus, Kyrenia. As developments were passively happening, in 1974 the group had to relocate to the Middle East and the Arabian Gulf and their main emphasis was to construct major residential developments. The Saudi City project in Jeddah which consisted of 4000 homes was one of the group’s first major projects and was then considered to be ground-breaking.

The Leptos group eventually returned to Cyprus after purchasing a large area of land in the 1980s and from then onwards they began the development of multiple projects. The first of them were the prestigious Kamares Village which upon completion was expected to be the biggest holiday home development in Cyprus. The Olympus Village was being developed at that time also which proved to be great. Later in the 90s the group continued its activities by building the 5-star Coral Beach Hotel and the Thalassa Boutique Hotel & Spa to mention but a few. Simultaneously they were showing development progress on the Greek islands of Paros, Santorini and Crete. The Leptos group clearly focused on the construction and development of residential homes and shopping centres also, expanding their reach further.

Development flourishing in modern times

In the most recent decades, development increased exponentially and was flourishing, in turn affecting the economy of Cyprus positively as this grabbed the attention of foreign investors. Because of this, Michael Leptos received an award by the former President of Cyprus, for his contribution as a company to the Cyprus economy progression. Not long after the Leptos Group also received an award for the Aphrodite project in Greece. Michael Leptos and his group always had in mind his client’s feelings, wants and needs. All the above projects were constructed and developed to satisfy the needs of all their customers. Villas with sea views, resort residences and houses on hills were built with the philosophy of creating a warm neighbourhood feeling surrounded by beautiful gardens and inspiring scenery.

Leptos Estates latest developments are the world-class seafront residences at Limassol Del Mar in the south-coastal city of Limassol. This landmark is a multi-award winning development by widely known architect Benoy, and it began construction in 2017. The project consists of luxury residences, five-star facilities and services as well as high-quality shops and restaurants. There are several phases to this construction and phase one will be completed within 2019 with phase two and the project’s completion coming no later than 2020.

Leptos Estate’s Destination

As history and statistics show, the Leptos Estates reach expanded to 75 countries by successfully completing over 325 different home developments, and boasts more than 25,000 satisfied home owners. Developments are still ongoing for Leptos Estates with the mecha of developments – the Limassol Del Mar – and the group will continue to prove themselves as the top echelons in the real estate industry.