Just have a word with and immigration legislation of Cyprus before you buy any property for sale in Cyprus. This is because they govern the residence and employment rules and the rules are not same for all nationals. You learn your rules and then proceed. If you are a citizen of US or European Union, you don’t require a visa. Having a local bank account helps, so open one.Cypriot mortgages are available to interested people with interests from 4. 85%. This requires a bank loan to make transactions. The transactions are made in Euros, the currency of Cyprus. You may be asked to submit the following – ID proof, income proof, pay slips, bank statements etc. Submit them for availing a loan. Speaking to the bank will clear all doubts and is essential for having a clear mind.