How to Buy Bank-Owned Property in Cyprus with Cyprus Realty Center

Cyprus Realty Center provides a safe and efficient way to purchase bank-repossessed properties in Cyprus at significantly reduced prices.

We cooperate with all major Cypriot banks and guide clients through every step of the process - from receiving property lists to winning at auction.

Here’s how our system works:

1. Weekly Property Lists

Every week we receive updated lists of bank-owned properties from all major banks in Cyprus - apartments, villas, commercial units and land plots.

2. Client Selection

We send these lists to our clients. You review the properties and send us the reference number of the one you’re interested in.

3. Property Verification

We check the selected property - confirming its legal status, availability, and current condition.

4. Detailed Description & Photos

After verification, we provide a full property report, condition summary and additional photos.

5. Property Viewing

If you’re interested, the property must be viewed before the following Monday. We arrange the viewing for you.

6. Auction Application

If everything meets your expectations, we submit the official auction application on Monday.

7. Required Documents

To participate in the auction you’ll need:

• A copy of your passport (for individuals);

• For companies: four registration certificates + the director’s passport.

8. Auction Results

By Tuesday at 9:00 a.m., the final price is announced. We discuss it with you, and if you agree, we place a slightly higher bid - ensuring you win the property.

9. Commission

Our service commission is paid by the client after the successful acquisition of the property.

Cyprus Realty Center handles the entire process - from sourcing the property to title registration and bank account setup.

It’s the most reliable way to purchase bank-owned real estate in Cyprus below market value.

To receive our weekly lists of available bank properties, contact us today - we’ll be happy to add you to our mailing list.