At last, after some time of looking around, you’ve finally found your dream home. And it’s in Cyprus. If you have your own funds you can pay for that Cyprus property for sale directly in cash. If you do not have the needed money, you may need to find other means to finance the property in Cyprus that you want.

Foreign real estate investors find many reasons for buying Cyprus property for sale. To name a few, there is excellent weather, amazing views of the mountains and oceans, fresh food, relaxed pace of life, less traffic and a lot of things to see and do in Cyprus. The language used here is English, which is a language that is widely spoken. The buying process for a Cyprus property is quick and straightforward, but you should also do your part in the process. Doing your homework will make the process easier and no surprises will catch you off guard.


A property in Cyprus can be financed 3 ways: (1) mortgage, (2) equity release scheme, and (3) your own funds, as mentioned above. Most real estate investors prefer the mortgage financing and this is available from most banks in Cyprus. The equity release scheme is an easy way for you to release cash from your owned property, and you do not need to put it up for sale. If you own a home, and you are aged 50 or over, you can get a a regular income, a lump sum, or both. The equity release scheme is based on your property value, and is helpful during times that you need money for a mortgage to finance your desired Cyprus property for sale.


Cypriot commercial banks offer local and foreign buyers their mortgage facilities to help these people in buying a Cyprus property for sale. There are several types of mortgage loans from which you can choose. If you have decided to buy a property in Cyprus, the mortgage can be given to you in foreign currency, like the US dollars, Euros, etc. The maximum repayment period for a foreign currency is 15 years, and 25 years for Euros. In any case, your age and the term of the loan for a property in Cyprus cannot go over 70.


The maximum amount that can be granted to you is 70% of the value of the Cyprus property for sale. However, there are certain cases where you can get as high as 80% of the property value, like if you are a first time buyer. Your credit rating is one consideration here. You can opt to pay for the mortgage of the property in Cyprus either monthly or every 3 months.



When seeking for a mortgage loan, you may be required to submit the necessary documents for processing of your home financing.

- Your personal details, including your occupation and the terms of your contract of employment,
- Copies of your passport, the page with your photograph,
- Recommendation letter from the bank in your home country where you currently maintain an account with,
- Completed form for Declaration of Personal Income,
- Proof of income such as pay slips. Certifications from employers are also acceptable,
- Purchase agreement,
- Copies of last 3 months’ bank statements,
- Proofs of payments that you already made for the property, and
- You need to open an account with the bank in Cyprus.


Make sure that you have all these required documents to allow the loan process to go smoothly. Almost all banks in Cyprus will offer you a mortgage loan, and there are also some reputable real estate developers in Cyprus who have entered into finance schemes with many banks for their development projects.

There is plenty of Cyprus property for sale http://www.internationaldreams.co.uk/countries/cyprus-property/ available in the market, but you must buy property in Cyprus http://www.internationaldreams.co.uk/countries/cyprus-property/ , which will earn you high returns if it is for investment purpose.