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Sending money to Cyprus for your property?Don’t hand the bank a margin.
Banks commonly build a margin into the exchange rate they give you, so a deposit or a full purchase price can cost more than it needs to. MSB is a specialist foreign exchange broker — get a free quote, then compare it with your bank before you send anything.
- Free, no-obligation quote
- For deposits and for paying the full price in Cyprus
- Compare it against your bank's rate on the same day
- Lock in a rate with a forward contract, so the price you pay never changes
Habio isn’t a currency broker and may earn a referral fee from MSB. Read the full disclosure.
Why the exchange rate matters on a property purchase
Bank transfers often show “no fee” because the cost is in the rate. It’s simple arithmetic: on a €250,000 purchase, every 1% difference in the exchange rate is €2,500. Property is likely the biggest transfer you’ll ever make, so a few minutes comparing is worth it.
Compare, don't guess
Get MSB's quote, ask your bank for theirs, and put the two side by side for the same amount on the same day.
Built for staged payments
Reservation, contract deposit, then the balance: property is paid in stages, and each one is a separate transfer you can plan.
A clear paper trail
Your lawyer will usually want to see where the funds came from. A documented transfer makes that easier.
Forward contracts
Lock in your rate. Pay the price you planned for.
Property purchases take months, and exchange rates don’t stand still. With a forward contract you fix today’s rate for a payment you’ll make later — so the amount you send doesn’t creep up between agreeing the deal and completing it.
A price that stays put
Your rate is fixed, so what the property costs in your own currency is settled from day one.
Budget with confidence
No nasty surprise if the currency moves against you before the balance is due.
Fits staged payments
Deposit now, balance at completion: you can fix the rate for each stage in advance.
How to be sure the price never changes
- 1
Agree the price
Your contract sets the price in the property's currency, for example €295,000. That figure is fixed.
- 2
Lock the rate
When you request your quote, ask MSB for a forward contract covering the amount and the date each payment is due.
- 3
Pay when it's due
On the day, you send your own currency at the rate you locked. The cost is exactly what you planned.
A forward contract fixes the rate, so you won’t benefit if the market moves in your favour. It’s offered by MSB on its own terms, so check them first.
Ask about locking my rateHow it works
- 1
Tell MSB what you're moving
Fill in the short form: amount, currencies and roughly when. It takes a minute.
- 2
Get your quote
MSB contacts you by email or phone with a rate for your transfer. No obligation.
- 3
Decide
Happy with it? Set up your account and book the transfer. Not convinced? Walk away — it cost you nothing.
Paying for a property in Cyprus
Buyers in Cyprus typically pay a deposit when the sale contract is signed and the balance at completion, with funds brought in from abroad by bank transfer. Your lawyer or agent will confirm exactly what’s due and when.
Buying outright from the UK or elsewhere? The same quote covers the full price — just put the total in the form.
Payment fraud is real — protect your deposit
Criminals impersonate agents and lawyers and send “changed” bank details. Before any deposit, confirm the account details by phone with your lawyer or agent on a number you found yourself, never from an email alone.
Questions
- What is a forward contract?
- It lets you agree an exchange rate today for a payment you'll make later, so a future deposit or balance costs exactly what you were quoted, whatever the market does in between. Ask MSB about it when you request your quote. Their terms apply, and the trade-off is that you won't benefit if the rate moves in your favour.
- Does it cost anything to get a quote?
- No. The quote is free and there's no obligation to go ahead. You only pay if you choose to book a transfer with MSB.
- What does Habio get out of this?
- Habio has a referral arrangement with MSB and may earn a fee if you use their service. Habio doesn't charge you anything for the introduction.
- Is this financial advice?
- No. Habio is a property portal, not a currency broker, and doesn't advise on rates or timing. MSB is an independent company and will give you its own quote on its own terms — read them before you decide.
- Who will contact me, and how do I stop it?
- Only MSB, and only because you asked for it by submitting the form. If you'd rather not hear from them, tell them or email [email protected] and we'll pass it on. Your details aren't shared for any other reason.
- Can I use it for a property I didn't find on Habio?
- Yes. The quote is for moving money, not for a particular listing — it works for any international purchase.
- How do I know I'm getting a better rate?
- Ask your bank for the exact exchange rate and any fees on the day, then compare it with MSB's quote for the same amount. Rates move constantly, so any saving depends on the day, the amount and what your bank charges — it isn't guaranteed.
How this works, and who we are
Habio is not a currency broker and does not give financial advice. MSB is an independent company. Habio may earn a referral fee from MSB if you use their service, at no charge to you from Habio. Exchange rates move and any saving depends on your own situation and the rate you are quoted — compare options before you decide.
MSB is a separate company operating under its own terms and regulatory permissions; see msb-fx.com. Details you submit here are shared with MSB only so they can contact you, as set out in our Privacy Policy and Terms.