Most commercial banks in Cyprus are authorised to offer mortgage facilities to local as well as foreign applicants to assist in the purchase of their property.
Cyprus Banks offer finance for up to 70% of the total selling price.
The mortgage can be granted in any foreign currency. For a mortgage in Foreign Currency the maximum repayment period can be 15 years and for a mortgage in Euros the maximum repayment period can be 25 years.
Financing can be arranged from banking institutions abroad.