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Cyprus – Property Financing

Mortgages for Foreign Nationals in Cyprus

Cyprus, with its beautiful landscapes and Mediterranean lifestyle, is a popular destination for property investment, including among foreign nationals. If you’re considering buying property in Cyprus, it’s essential to understand the mortgage options available, local lenders providing mortgages, deposit requirements, and property ownership responsibilities. In this article, we’ll explore these aspects in detail.

Availability of Mortgages for Foreign Nationals

Cyprus had a well-established real estate market, and non-resident foreign buyers were generally eligible to apply for mortgages from local banks and lending institutions.

However, mortgage availability and terms can vary among lenders and may depend on factors such as your financial history, income, and the property you intend to purchase. It’s essential to research and compare mortgage options from different banks to find the one that best suits your needs.

Local Lenders Providing Mortgages

Cyprus has a range of local banks and financial institutions that offer mortgages to both residents and non-residents. Some of the well-known banks providing mortgage services in Cyprus include:

These banks typically provide a variety of mortgage products, including fixed-rate and variable-rate mortgages, allowing you to choose the one that aligns with your financial preferences.

Deposit Requirements for Property Purchases

Deposit requirements for property purchases in Cyprus can vary depending on several factors, including the property’s value, the lender, and your financial profile. Generally, Cyprus has a competitive real estate market, and you may find favorable deposit requirements compared to some other European countries.


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Typically, deposit requirements for property purchases in Cyprus range from 20% to 40% of the property’s value. However, some lenders may offer mortgages with lower deposit requirements, particularly for residents and non-residents with a strong financial standing.

It’s advisable to check with individual banks and lending institutions to get specific information about their deposit requirements and eligibility criteria. Additionally, working with a local real estate agent or consultant can provide valuable insights into property prices and deposit expectations in different regions of Cyprus.

Responsibility for Outstanding Debts

When purchasing property in Cyprus, it’s essential to ensure a clean and hassle-free property transfer process. In Cyprus, it is customary for sellers to clear any outstanding debts or legal issues associated with the property before completing the sale. This ensures that buyers receive clear and unencumbered ownership of the property.

Before finalizing a property purchase in Cyprus, it’s advisable to engage the services of a qualified legal professional or notary who specializes in real estate transactions. They will conduct a thorough due diligence process to verify the property’s legal status, title deeds, and ensure that there are no outstanding debts or encumbrances that could affect the transaction.

It’s also essential to review the contract of sale carefully and, if necessary, seek legal advice to understand your rights and responsibilities as a property buyer in Cyprus.

In conclusion, Cyprus offers mortgage opportunities for foreign nationals interested in investing in its real estate market. Various local banks provide mortgage services, and deposit requirements can vary based on the lender and property’s value. As a property buyer in Cyprus, it’s crucial to conduct due diligence and work with legal professionals to ensure a smooth and legally sound property purchase process. Keep in mind that real estate market conditions and regulations may change, so staying informed and seeking expert advice is essential when considering property investment in Cyprus.


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In this short video, we dive into the significant health care updates and changes happening globally in 2024. From Germany's insurance cost adjustments to Cyprus's renewed COVID-19 precautions, we cover the essential news you need to know.

Germany's Health Insurance Update:

Starting in 2024, residents in Germany will see a slight increase in their health insurance costs, with a 0.1% rise to a maximum of 1.7%. This adjustment aims to expand coverage for medical care not currently included in statutory health insurance, such as select dental treatments, IVF, and early cancer screenings.

COVID-19 Measures Reintroduced in Cyprus:

With over 3000 new COVID-19 cases, Cyprus is stepping up its game by reintroducing health measures. Requirements now include proof of a negative COVID-19 test for entry into various facilities, emphasizing the importance of vaccination, especially for the elderly, to combat the evolving virus strains.

Free Health Trials in Trieste, Italy:

Trieste launches an initiative for free health screenings, including echocardiograms and blood tests, focusing on preventive care against non-communicable diseases. This move underscores the city's commitment to improving public health through early detection and prevention.

Spain's New Health Advice App:

Madrid introduces a groundbreaking app offering reliable health advice to counteract the widespread misinformation online. This app, part of the 'Madrid Te Cuida' initiative, will guide users to accurate information, from diet tips to medical queries, ensuring the advice is vetted by health professionals.

Expat Satisfaction with Healthcare in Mexico:

A study reveals that expat retirees in Mexico are largely content with the healthcare quality and costs, with many citing significant savings compared to the United States without compromising on care quality. This insight sheds light on the growing trend of healthcare tourism and relocation for medical reasons.

Stay tuned as we unpack these updates, providing you with the insights and implications of these healthcare changes. Whether it's the impact on your wallet or the quality of care you can expect, we've got you covered in this comprehensive overview of health care in 2024. Don't forget to like, share, and subscribe for more health news around the globe!

YouTube Video UCB21b-C4O2aXm7H18_GsXMQ_nC_Fs6gU22U

Expat Focus International Healthcare Update January 2024

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