The Central Bank of Cyprus requires that acquired property must be paid for with external funds. Bank transfers and personal cheques are accepted.
At G.A Sketsios Constructors - Developers Ltd, we are happy to discuss the individual requirements for each prospective buyer with regards to methods of payment. Demonstrating maximum flexibility, we can propose a method of payment that matches your circumstances and needs. In-house financing with long-term payment programmes, can also be discussed.
We can also help you arrange foreign currency loans, if you are a non-Cypriot citizen. Loan Conditions vary slightly from one bank to another, but generally, a loan for 70-80% of the property's value is granted, with a maximum repayment period of 25 years.
Please contact us for more information.