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Mortgage Information

Posted by ronli on July 29, 2019
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As a foreigner, you can get a loan from a North Cypriot bank to 50% of the purchase price at an annual interest rate of 6-8%.
This only applies to properties with registered tier (not “off plan” properties and properties under construction). In order to be granted a loan, you must fulfill certain requirements from the bank, including fixed income from the home country. property in Sweden for property purchases abroad.
This means, however, that taking a loan on an existing mortgage with significantly lower interest rates than a North Cypriot bank offers.
For properties that are off plan, during construction or new construction, the construction companies offer a financing plan which is usually referred to as “in-house loan” or “payment plan”.


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