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What is the difference of Permanent Residency if you buy new or resale property in Cyprus

The permanent residency can be achieved by an application under Regulation 6(2) or under Category F. Both have the same effect but have five main differences.
As a non-EU national, Permanent Residency in Cyprus provides unique advantages. Through investment or the purchase of property, residency could provide better proximity to the EU for business or personal affairs.

The permanent residency can be achieved by an application under Regulation 6(2) or under Category F. Both have the same effect but have five main differences:

Regulation 6 (2)
An application takes 2 months to be complete
To apply you must make a fixed deposit of €30,000 for three years
You must purchase of new property, not one which is for resale
Children above 18 can apply for P.R. and they get it for life. The children below 18 at the time of application get residency for life, however, need to renew it when they turn 18
The parents of the applicant can secure the Permanent residency

Category F
An application takes 10-12 months
Under this category you do not have to make any fixed deposit
Any property either new or for resale is admissible
Children under 18 when they become 18 lose their P.R. status and they cannot get it later unless they purchase a property and apply separately themselves
The parents of the applicant cannot secure permanent residency under this category

Buying property in Cyprus

The 3-step purchase process - from reservation to completion
The Cyprus Property Sales Contract
Moving checklist
Top 20 reasons to buy property in Cyprus
Frequently Asked Questions and Answers for the Cyprus Citizenship by investment program.
Documents required for Cyprus PR (Permanent Residency) application
Temporary residence for non-European citizens
The process to acquire permanent residency in Cyprus
The process to acquire Cyprus (EU) Citizenship
9 reasons why to choose the Cyprus Citizenship programme
Documents required for Cyprus citizenship application
How to open a bank account in Cyprus
Buy a home and get Cyprus Permanent Residency in 2 months
Get Cyprus Citizenship based on years of residence.
Tax treatment of Rental Income

Cyprus Permanent Residency

Documents required for Cyprus PR (Permanent Residency) application
Temporary residence for non-European citizens
The process to acquire permanent residency in Cyprus
How to open a bank account in Cyprus
Buy a home and get Cyprus Permanent Residency in 2 months