Prepare your finances in advance

5/13/2025

Saving for a home deposit in Cyprus requires strategic planning and disciplined budgeting. With banks typically requiring a down payment of 20% to 40% of the property's value, prospective buyers need to assess their financial situation, set realistic savings goals, and explore various savings options to accumulate the necessary funds. Understanding the local banking products and financial practices is crucial for effective saving.

5/13/2025

Buying a home with a partner, friend, or family member can make property ownership more accessible — but it also comes with shared responsibilities, risks, and long-term implications. Before committing to a joint purchase in Cyprus, it’s essential to have honest conversations about finances, expectations, and exit strategies.

5/13/2025

In Cyprus, most banks require a minimum deposit of 20% of the property's value for residents, and 30–40% for non-residents. Government grants may be available to help first-time buyers. This article breaks down what you need to know, including associated costs and how to plan your savings.

5/13/2025

Getting on the property ladder in Cyprus involves building up a deposit, improving your mortgage eligibility, and understanding government incentives for first-time buyers. With property prices rising and lending conditions still cautious, good planning and early financial discipline can make all the difference.

5/13/2025

Buying your first home in Cyprus is exciting, but it comes with new financial responsibilities. This guide covers everything a first-time buyer should know — from how much deposit you’ll need, to what costs to expect, and how to boost your chances of getting approved for a mortgage.

5/16/2025

Getting a professional property valuation before buying in Cyprus ensures you pay a fair price and avoid overpaying. This article discusses why valuation is important, how it affects mortgage approvals, and tips on selecting a qualified valuer.

5/16/2025

Moving into a new home in Cyprus involves costs beyond the purchase price. This article guides you through budgeting for utilities like electricity and water, as well as expenses related to moving and setting up your new place.

5/16/2025

Property transfer fees in Cyprus can be a significant part of your home-buying budget. This article explains how these fees are calculated, what exemptions may apply—especially for first-time buyers—and tips on how to save money during the transfer process.

5/16/2025

After purchasing a home in Cyprus, it’s important to budget for ongoing expenses such as maintenance, communal fees, and property taxes. This article explains what costs to expect so you can plan your finances effectively.

5/16/2025

Legal fees, taxes, and transfer costs can add up significantly when buying a home in Cyprus. This article breaks down what you can expect to pay in 2025 so you can budget confidently and avoid surprises during your purchase.

5/13/2025

Buying a home in Cyprus involves more than just the price you see on the listing. Legal fees, stamp duty, mortgage costs, and even utility connection fees can catch you off guard if you're not prepared. This article walks you through the often-overlooked costs, so you can budget with clarity and confidence.

5/16/2025

Stamp duty is a key cost in the property buying process in Cyprus. This article explains what stamp duty is, how it is calculated in 2025, and when you need to pay it, helping you plan your budget accurately.

5/16/2025

When buying a home in Cyprus, insurance is crucial to protect your investment. This article covers the key types of insurance you should consider, including building insurance, contents insurance, and mortgage protection.

5/16/2025

Cyprus offers residency-by-investment programs allowing international buyers to obtain residency through property investment. This article explains the requirements, benefits, and process involved.

5/16/2025

Cyprus offers several government-backed housing subsidy schemes aimed at easing the cost of home ownership for eligible buyers, including young couples, first-time buyers, and permanent residents. This article breaks down each scheme’s eligibility criteria, benefits, and how to apply, with official links for detailed guidance.

5/16/2025

Cyprus offers government grants aimed at helping first-time homebuyers get onto the property ladder. These grants can significantly reduce your initial costs and make homeownership more accessible. This article breaks down who qualifies and how to apply.

5/16/2025

Permanent residents in Cyprus may qualify for subsidies that help ease the financial burden of buying a home. These subsidies aim to support long-term residents in securing affordable housing and can be combined with other government schemes.

5/16/2025

The Cypriot government offers grants to young couples to help them get on the property ladder. These grants aim to reduce the initial financial burden and encourage homeownership among young families starting out.

5/26/2025

Applying for home buying schemes in Cyprus involves gathering necessary documentation, understanding eligibility requirements, and submitting your application to the relevant government bodies or developers. This article guides you step-by-step through the process.

5/16/2025

Getting a mortgage in Cyprus involves understanding bank lending limits, eligibility criteria, interest rates, and loan terms. Both locals and foreign buyers can apply, but the process varies. This guide covers everything from types of mortgages to tips for securing the best deal.

5/16/2025

This article covers the key criteria banks use to approve mortgage applications in Cyprus, including residency status, income proof, credit history, and property type. It guides buyers through what they need to prepare to improve their chances of approval.

5/16/2025

Understanding how interest rates and loan terms work is essential for anyone applying for a mortgage in Cyprus. This article explains the typical rates, fixed vs variable options, fees, and loan durations to help you make an informed decision.