Can foreigners get a mortgage in Cyprus?
Yes. EU and non-EU buyers can apply. Lenders look at verifiable income, existing debts, credit history in your home country and the property itself. Non-residents typically borrow 60–70% of the value.
Answers · Mortgages
Can I get a mortgage to buy property in Cyprus?
Getting a mortgage in Cyprus as a resident or foreign buyer: how much banks lend, documents needed, timeline to drawdown and how Lextrus refers you to authorised intermediaries.
Last reviewed 10 October 2026 · Lextrus Real Estate, licensed Cyprus brokerage
Yes. Cypriot banks lend to residents and to many foreign buyers. Non-residents can typically borrow 60–70% of the property value, depending on income and the property; residents buying a main home can often borrow more. Allow eight to twelve weeks from application to drawdown with a complete file and a bank valuation.
Key facts
- Foreign buyers and expats typically borrow 60–70% loan-to-value; the rest is the deposit plus purchase costs.
- Loans are most often in euros; some lenders offer GBP or USD to qualifying borrowers.
- Eight to twelve weeks from application to drawdown is typical with a clean file.
- The bank will instruct its own valuation of the property before approving.
- Lextrus is a real estate broker, not a lender: we assess affordability, prepare your file and refer you to authorised credit intermediaries and banks.
Common questions
How much deposit do I need?
Plan for the part of the price the bank does not lend — usually 30–40% for non-residents — plus purchase costs of roughly 6–10% (legal fees, transfer fees or VAT).
What documents do Cypriot banks ask for?
Passport, proof of address, recent payslips or tax returns (two to three years for self-employed), bank statements, details of existing loans, the reservation or sale agreement, and title deed or permit documents for the property.
How long does a mortgage take in Cyprus?
Around eight to twelve weeks from application to release of funds, including the bank's valuation, credit approval, the loan agreement and registering the mortgage at the Land Registry.
Can I buy off-plan with a mortgage?
Often yes, with funds released in stages as construction progresses. Lenders check the developer, permits and whether a separate title deed can be issued, so check this before you pay a deposit.
Does Lextrus arrange loans?
No. Lextrus coordinates your mortgage enquiry, prepares your file and refers you to authorised Cypriot credit intermediaries and banks. We do not arrange or negotiate loans ourselves.
Know what you can borrow before you commit
Book a mortgage consultation: affordability check, document preparation and referral to the right authorised intermediary or bank.
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