The prices of property continue to rise in Cyprus following its' entry into the EU. It is currently planning entry into the Euro-zone.

Mortgages: Proof of income is required in all cases and can be made up of earned income, pension, rental or investment income. There is, however no guarantee that the lender will take these incomes into account when calculating the maximum loan available to you.

Your Cyprus mortgage will be based upon your joint gross monthly income and is calculated on the basis of affordability. All your exisiting liabilities, including any rent/mortgage payments, loans, etc ., will be taken into account.

The total must not exceed 60% of your monthly income if employed or 40% if self-employed. Non status loans are not currently available.

The bank will also require you to open a bank account with them. Inaddition an Aquisition Permit from the district authorities is required to allow the mortgage funds to be released by the bank.

This information covers only Southern Cyprus. Please see here for Turkish Republic - North Cyprus

* Max age 65 * Max 80% LTV * Repayment only * Maximum Term 10-25 years * US$, Cypriot£, Euros, Sterling & Swiss Francs only * Rates from approx 5.20%

Example Cypriot mortgage: a repayment mortgage of approximately €70,000 over a 15 year period at approx. 5.20% = approx. €423.00 capital and interest per month. Approx. amount payable over the term of €129,780 including capital, interest arrangement and survey fees.


You can contact agents able to assist with your property purchase by completing this form

Think carefully before securing other debts against your home. Your home or foreign property may be repossessed if you do not keep up repayments on your mortgage.