Leptos Estates

Leptos Estates

Leptos Estates is a leading real estate developer based in Paphos, Cyprus, and one of the largest and most successful developers on the island. The company is part of Leptos Group and has a long history, being on the developers market for over 60 years.

Leptos Estates selects only the finest locations Cyprus has to offer in residential, retirement and holiday residences and uses the highest standards of construction and design, to build elegant homes to suit the lifestyle and taste of today's discerning property owners. Company's portfolio contains some of the most exclusive properties for sale in Cyprus.

Over the years, Leptos Estates has successfully completed over 325 different home developments, boasting more than 25,000 happy home owners. The organization has an extensive land bank, owning prime locations in Cyprus and Greece (Athens, Paros, Santorini, and Crete), from luxurious beachfront villas to coastal condominium projects and rural properties.

Company properties have won numerous prestigious awards and Leptos Estates is officially recognized as the top importer foreign income in to the country. Extensive in-house expertise enables Leptos Estates to offer clients a totally comprehensive service from land purchasing and architectural design through to construction and interior design. The organization has one of the largest technical departments in Cyprus, with more than 60 civil engineers, architects, interior designers and surveyors.

The name Leptos Estates is internationally regarded as the NUMBER ONE home builder in Cyprus and is one of only 2 companies in the Paphos Region to have been granted a First Class Licence for ANY kind of project development. It has perhaps the biggest design and construction department in Cyprus comprising of civil engineers, architects, surveyors and interior designers and through our continuous training programs we ensure that the Leptos Estates brand name remains synonymous with quality.

Today Leptos Estates is rightly considered a guarantor of high standards, timely delivery and excellent after sales service.

For two consecutive years, Leptos Estates was voted The Leading Cypriot Developer at the esteemed Homes International Magazine 2003/2004. By 2005, Leptos Estates had become the largest real estate developer in Cyprus. In 2010 Leptos Estates received the gold Homes Overseas Russian Award for best project in Greece, the Aphrodite.

Michalakis Leptos, an emblematic figure in Paphos

Leptos Group and Leptos Estates were both founded by Michalakis (Michael) Leptos, a respected and a well known businessman in Paphos. Under his management, Leptos Estates was starting the real estate development business in Kyrenia, Cyprus, in the early 1960s, but lost almost everything in 1974 after the Turkish invasion. As a consequence Michalakis Leptos moved and worked in Saudi Arabia, and was instrumental in the development of Saudia City, a modern town of 4,000 homes, palaces and other infrastructure.

Since 1978, Paphos was the focus of his operations, where he built many homes and tourist accommodation. Leading properties in Paphos for Leptos Estates included Kamares Village, the Coral Beach Hotel, Neapolis University and the new Neapolis Smart Eco City. 

In 2009 Michalakis Leptos, the founder of Leptos Estates, received an award by the President of Cyprus Dimitris Christofias at the Cyprus Chamber of Commerce for his contribution as a company to the progress of the Cyprus economy. He was a key figure in the island’s flourishing real estate development sector. He was also the honorary consul of Jordan in Cyprus and served for many years as the president of the Cyprus land developers association.

Michalakis Leptos dies in 2021 at the age of 83. "He was a visionary with a will to create", Paphos mayor Phedonas Phedonos said after his death.

Michalakis Leptos is succeeded by his sons, George and Pantelis, who have been running the Leptos Group and Leptos Estates for some time.

Leptos Estates's most famous developments

There is no doubt that Limassol Del Mar and Limassol Blu Marine are the most famous projects developed by Leptos Estates. Limassol Del Mar is world-class seafront development located on the coastal area of Limassol, with breathtaking sea views from all apartments. Its East Tower at 107m in height is now the 3rd tallest building in Cyprus. Poseidon Tower, part of Limassol Blue Marine project, will become in 2023 the tallest building of Leptos Estates at 132m in height. The tallest buildings on the island are now The ONE Limassol by Pafilia and 360 Nicosia by Cyfield

With a plethora of luxury facilities and in-house services, Limassol Del Mar includes an exclusive collection of high-end boutiques in what will become Cyprus’ most premium designer shopping experience.

“Limassol Del Mar has certainly raised the bar for quality in real estate and construction in Cyprus. The result clearly shows that there are no limits to what one can accomplish" (Pantelis Leptos, Director of Leptos Estates)

Leptos Estates's portfolio includes

Leptos Estates
Founded 1960
Founder(s) Michalakis (Michael) Leptos
Employees 250 - 500
Key people George Leptos, Pantelis Leptos, Christos Constantinides
Projects 350+
Flagship projects Limassol del Mar, Limassol Blu Marine, Coral Beach Hotel Peyia, Olympus Villas Tsada, Kamares Village, Adonis Beach Villas, Coral Seas Villas, Armonia Beach Villas Paphos, Limnaria Gardens, Aphrodite Gardens, Venus Gardens, Neapolis University, Neapolis Smart Eco City
Head office 111 Apostolou Pavlou Ave, Paphos, 8046
Phone +357 26880120
Email info@leptosestates.com