Buying real estate in Cyprus as a non-resident is easier than in many other EU countries — and while many buyers purchase in cash, financing property in Cyprus as a non-resident is 100% possible with the right setup.
This guide explains how foreigners can get mortgages, what to prepare, and what your best options are in 2025.
Can Non-Residents Get a Mortgage in Cyprus?
Yes, but with conditions.
Cypriot banks do offer mortgages to non-residents, although not all buyers will qualify.
Typical requirements:
Good credit history in your home country
Stable income (employed or self-employed)
Valid passport and residency (temporary or PR)
30–40% down payment (sometimes more)
Typical Loan Terms for Foreign Buyers
Loan-to-value (LTV): 60–70% max for foreigners
Interest rates: 4.5% to 6.5% depending on currency & bank
Term: 10 to 30 years
Currency: EUR (or in some cases, USD/GBP)
Note: Some developers offer in-house financing or staged payment plans without bank involvement.
Documents You’ll Need
Here’s what you’ll typically be asked to provide:
Valid passport
Proof of address (utility bill or bank letter)
Proof of income (salary slips, tax returns, bank statements)
Employer reference or business registration (if self-employed)
Sales agreement for the property
Down payment receipt
Pro tip: Start gathering documents early — and have them officially translated if needed.
Developer Payment Plans as an Alternative
If you’re buying off-plan, many developers offer stage-based payment plans such as:
30% on contract
20% during construction
50% on completion
Some may also offer in-house financing for 2–5 years after handover.
These options are often faster and easier than applying for a mortgage.
Pros & Cons of Financing vs Paying Cash
Paying Cash Financing
| Category | Cash Purchase | Mortgage Purchase |
|---|---|---|
| Speed | ✅ Fastest | ❌ Slower (approval time) |
| PR Application | ✅ Easier (clean proof of funds) | ✅ Allowed (but full funds must show) |
| Cost | ✅ No interest or bank fees | ❌ Interest over loan term |
| Flexibility | ❌ Capital tied up | ✅ Spread cost over years |
Tip: If you qualify and want to keep liquidity, financing can work well alongside PR.
Expert Tips for Financing in Cyprus
Work with a local mortgage broker or tax consultant who understands non-resident applications
Get pre-approval before shopping seriously
Ask your developer if they offer custom payment plans
If applying for PR, confirm whether the funds must be paid in full at the time of submission (required in many cases)
Need Help Securing Financing or Structuring Your Investment?
We help non-resident buyers:
Get mortgage pre-approval with trusted local banks
Compare in-house vs bank financing options
Prepare documents for PR and property purchase
[Speak to a Financing Advisor] | [View PR-Eligible Listings] | [Download Buyer Finance Pack]
