buy and sell property cyprus, cyprus property sell, sell cyprus property

The banking system in Cyprus is modeled on the British system. The banks have many convenient branches that are very efficient and modern. Foreign persons may open an external deposit account without any difficulty. International banks have branches throughout the island. Major credit cards are widely accepted in Cyprus.

All Cyprus banks offer mortgage facilities for the purchase of property. Mortgages range from 85 to 100% with a repayment period of up to 30 years. Loans can be in all major currencies with various repayment installment schedules.

Fitch ratings show the strength of the Cyprus economy and banking system:

Fitch Ratings Assigns 'A+' To Republic Of Cyprus

Fitch Ratings-London-February 1, 2002: Fitch Ratings today announced that it has assigned an 'A+' long-term foreign currency rating to the Republic of Cyprus and a short-term foreign currency rating of 'F1'. Fitch also assigned a long-term local currency rating of 'AA'. The Rating Outlook is Stable.

Contact:
Richard Fox +44 (0) 20 7417 4357
David Riley +44 (0) 20 7417 6338
David Heslam +44 (0) 20 7417 4384, London.

Media Relations: James Jockle 1-212-908-0547, New York.

The legal system in Cyprus is based on the British system. The Land Registry is based again on the British model: It is a tried and tested system. All contracts and other paper work are in English. English is the second official language. Legal fees are reasonable and usually lower than in other European countries.

Thomaides Properties offers excellent deals in buy and sell property Cyprus, Cyprus property sell and sell Cyprus property.

	Standard of Living & Recreation
	Climate & General Information
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	Cyprus International relations & EU accession

Thomaides Properties deals in : buy and sell property cyprus, cyprus property sell and sell cyprus property.