Cyprus Property CostBorrowing as a resident versus a non-resident
Everything on this page is indicative. No figure here is an offer, a pre-qualification or a recommendation of any lender. Your bank will assess you individually.
How much you can borrow
Lending to Cyprus tax residents typically reaches around 80% of value. Lending to non-residents is materially tighter, commonly around 55%. That difference changes the cash you need up front far more than the interest rate does.
The costs around the loan
| Cost | Indicative range |
|---|---|
| Arrangement fee | 0.50% to 1% of the loan |
| Valuation | €250 to €600 |
| Life and property insurance | €300 to €900 a year |
Life cover assigned to the bank and buildings insurance are normally conditions of the loan rather than optional extras. Include the first year in your up-front cash.
Rates
Indicative rates in the market currently sit somewhere between 3% and 4.50%. We show a rate you can change, so you can see the shape of the payment. We do not compare named lenders and we take no commission from any of them.
A practical point on off-plan
Banks are cautious about lending against a property with no separate title deed. If you are buying off-plan, ask your lender early what they will do before deeds issue, rather than assuming the loan follows the stage payments.
This is an estimate for general information. It is not legal, tax or financial advice. Confirm every figure with a qualified Cypriot advocate and the Tax Department before signing anything.