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Banks in Cyprus have very modern, up to date systems and provide a wide variety of services, including Internet banking that can be accessed from the UK.

You will need to open a Bank Account in Cyprus, probably with both a Sterling Account and a Cyprus Pounds Account. This will allow you to transfer funds from the UK and then make your progress payment on your property. You can also use it for transferring pension, investment or other income out to Cyprus.

Our Company will be happy to accompany you and assist you.

Yes. The loan will be in foreign currency. The amount ranges from 60% to 80% of the value of the property with a repayment period ranging from 7 to 10 years.

 

The Buying Process
Opening a Bank Account

Can I get a Mortgage?

Stamp Duty

Property Transfer Fees

Selling your Property

Capital Gain Tax

Local Authority Rates

Immovable Property Tax

Home Insurance