Cyprus sees spike in housing loans as interest rates rise
Published on: Monday 06 July 2026
New housing loans in Cyprus recorded a significant increase in May 2026, while the average interest rate on new housing purchase loans stood at 4.06 per cent, according to the latest data from the Central Bank of Cyprus (CBC) on interest rates and new lending.Specifically, total net new loans reached €361.90 million in May, up from €331.30 million in April, the CBC said.The strongest increase was recorded in housing loans, which rose to €145.50m...
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