How to get money when selling a house in Cyprus?

Question

How to get money when selling a house in Cyprus?

Peter asks:

I have a house in Cyprus, want to sell, but have a question. As in connection with banking OGRANICHENNYMI withdraw money for a purchase? What scheme would you recommend?

11.10.2013

CYPRUS. Consultation

Investments, leasing, sale

Expert answers (1)

Julia Titova (RENTSALE) · Answer 1 · 2013-10-11T10:34

Dear Peter! It all depends on the purchase price, a specific buyer - what arrangements will be able to him to reach (for example, some of the money may be paid out of Cyprus), the presence or absence of borrowed funds in your transaction (if you have an outstanding mortgage - now it plays into the hands of the sellers if there is one). Cypriot banks are heavily restricted Cypriot residents on remittances and export of funds abroad. With foreigners situation is a little better. Better yet, with foreign companies with bank accounts in Cyprus. You need to consult with a specialist, involved in the sale of your property in Cyprus and discuss in detail the scheme of the transaction. Options are. Good luck with the sale!

Yours faithfully,

Julia Titova