Bank of Cyprus Auctions

Bank of Cyprus disposes of what it repossesses, and it does so on its own site rather than through an intermediary. That is unusual enough in Europe to be worth listing: most banks hand recovered collateral to a specialist auctioneer and disappear from the transaction. Here the seller and the auctioneer are the same institution, which makes the paperwork trail short and the terms consistent.

What you can buy

• Cars and light commercials repossessed under finance agreements.
• Residential and commercial property through the bank's separate property channel.

How the bidding works

The auctions page publishes each sale with its own terms, viewing arrangements and deadline. Because this is a bank rather than a saleroom, the process is document-led: the notice sets out how offers are made, what deposit is required and how long you have to complete. The site runs in English and Greek.

What to check before you bid

Repossessed vehicles in Cyprus have often been standing for a while before the bank can sell them, so tyres, batteries and fluids are the usual casualties — inspect during the published viewing rather than relying on photographs. Check the registration and any outstanding road tax before committing, and confirm whether the bank transfers the vehicle or leaves that to you. For property, the bank's notice states the title position, which is the thing that matters most in a Cypriot repossession sale.