Getting a mortgage in Cyprus can be a great way to finance the purchase of a property, whether it’s for personal use or as an investment. Cyprus has a well-developed mortgage market with various lenders offering different types of mortgage products to suit different needs.

Mortgage and real estate property investment concept. Real estate agent explain terms and condition to the customer before they deciding to buy a property.

Mortgage for non-Cypriot residents

Getting a mortgage in Cyprus is more complicated if you are not a Cypriot resident, as there are more risks. In CoralBluEstates, we can help you do that and reduce any risks you might take.

Acquire a lawyer

You will need to acquire a lawyer in Cyprus to undertake the relevant contract and any required paperwork right after your property is chosen and the mortgage has been approved.

Land Registry Office

Once you deposit around 30% and the final contracts are signed, you must register the property with the Land Registry Office in Cyprus. Your lawyer will handle the registration, and relevant fees and taxes must be paid.

Tax Considerations

When you buy property in Cyprus, there are some taxes that you need to pay. Transfer fees and stamp duty are around 10% of the overall sale price of the property. An annual municipality and sewerage tax and immovable property tax must also be paid.


There would be an impact on the interest rates that affect your mortgage because exchange rates are accountable to change. If exchange rates fluctuate more than 20%, your lender should inform you.


Finding title deeds and relevant certificates can be difficult if you intend to build on the land. Planning permissions are required to build on the land and check that no mortgage is already assigned to the land.

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