Banks

Cyprus101, your trusted real estate partner in Paphos, is excited to share a major development that could significantly streamline the home-buying process for our clients. The Bank of Cyprus (BoC) has become the first lender in Cyprus to offer a fully online mortgage application system — a breakthrough that holds particular value for both local and overseas property buyers in Paphos. What’s...

Confused about getting a mortgage in Cyprus? We are here to help!  We often get asked by expats and Cyprus property seekers about bank rates, mortgages and financing.  We put together a page with important info regarding financing a home in Cyprus, along with a brief comparison of three local banks: Alpha, Hellenic and Bank of Cyprus. Visit our dedicated mortgage page for more information: ...

We see positive signs that the housing market is going back to normal. We have seen a period where finding a bank that offers house loans in Cyprus was impossible but now it's back to business as usual. The Hellenic Bank has started to give loans to foreigners for buying properties in Cyprus a little more easily now.  Purchasers' contribution "Down Payment" must be 30% instead of 50% and the interest rate...