Cyprus Property Purchasing Procedure
Once you have found your dream property and have made an offer it is very important to seek the advice of an independent solicitor who fully understands the legal aspects of purchasing a property in Cyprus.
There have been many concerns over the time that it takes for title deeds to be issued in Cyprus and although these issues are now being addressed it is still important for your solicitor to check your contracts and existing title deeds on the property before you sign anything.
The currency in Cyprus is the Euro and it is important to find a good foreign exchange specialist who can offer competitive rates of exchange. We recommend these currency people
If you require a mortgage you can get multi-currency loans, depending on your circumstance and credit history, from one of the banks in Cyprus, the three main banks being The Bank of Cyprus (BoC), Marfin Laiki and Hellenic Bank, who have all passed the EU 2011 stress test.