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Cyprus Eastern Forum Index » Ask Nigel A Question » Moneys from house sale
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Moneys from house sale 
Post: #1   PostPosted: Sun Aug 05, 2018 11:38 am Reply with quote
Di
Joined: 28 Jul 2009
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Location: Near Potamos

 
Hi Nigel, Just an hypothetical question, if someone sells their house here can they have the monies put directly into an English account.
Regard Di
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Post: #2   PostPosted: Sun Aug 05, 2018 2:41 pm Reply with quote
nhowarth
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Hypothetically yes.

Regards,

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Post: #3   PostPosted: Sun Aug 05, 2018 2:55 pm Reply with quote
cecilia
Joined: 11 Jul 2008
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Location: xylophagou

 
ooo


Last edited by cecilia on Mon Aug 06, 2018 2:15 pm; edited 1 time in total
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Post: #4   PostPosted: Sun Aug 05, 2018 3:02 pm Reply with quote
bubblechris
Joined: 27 Mar 2009
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Location: Waltham Abbey, Essex E9

 
nhowarth wrote:
Hypothetically yes.

Regards,


You're probably wondering what Nigel means by hypothetically as I'm not sure either.

There are no English Banks in Cyprus so that can't be what he means. If they give you a draft or Banker's cheque I'd be wary. I've never heard of anyone getting the buyer to wire the money to the UK so I'd suggest caution yet again.

I could be wrong but the only way I think you can get your money is to have it paid into a Cyprus account and then you'd have to transfer it to the UK. There are Companies that can do this for you, someone will let you know which are currently the best, and imo that is the best way to go.

Apologies to Nigel for treading on your toes but I thought I had a duty to interfere. Of course I could be wrong but one of the many busy bodies, hmm that includes me Rolling Eyes , will let you know if I am.

I also suggest you rephrase your question next time, hypothetically anything is possible, if you know what I mean.
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Post: #5   PostPosted: Sun Aug 05, 2018 6:21 pm Reply with quote
madmum
Joined: 01 May 2016
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Location: protaras

 
i paid the money for our house here to sellers bank account in UK. had to pay a percentage to the estate agent first. then transfered bulk of money by online banking. took about a week tho as is a daily limit on transfers.
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Post: #6   PostPosted: Mon Aug 06, 2018 6:01 am Reply with quote
PropertyEasternCyprus
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If you sell to someone who lives in UK, you can have the money paid direct to your UK account.
If they live elsewhere, the money must first be paid into your Cyprus account and then transferred to your UK account.

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Moneys from house sale 
Post: #7   PostPosted: Mon Aug 06, 2018 10:13 am Reply with quote
Di
Joined: 28 Jul 2009
Posts: 451
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Location: Near Potamos

 
Thanks guys for your help, I just needed a little understanding of how things work here regarding selling a house here and returning to the UK.
Regards Di
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Post: #8   PostPosted: Mon Aug 06, 2018 12:46 pm Reply with quote
CyprusForMe
Joined: 09 May 2007
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Location: Having escaped the near-death experience of Sofia Bulgaria, happily living in Frenaros

 
FoxSmart wrote:
If they live elsewhere, the money must first be paid into your Cyprus account and then transferred to your UK account.


Why is that?

If a German person wanted to buy my house, why couldn't he pay by wiring dollars to my US account?

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Post: #9   PostPosted: Mon Aug 06, 2018 1:14 pm Reply with quote
madmum
Joined: 01 May 2016
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Location: protaras

 
My seller had moved back to uk Why would he have money paid into his cyprus bank. And paid in sterling at rate agreed when put down deposit so no fees for currency conversion
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Moneys from house sale 
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