Rising interest rates Cyprus

New Homeowner Interest Challenges: Rising Housing Costs in Cyprus Owning a home in Cyprus has become increasingly difficult due to new homeowner interest challenges, particularly for young couples trying to buy their first house. The main factor is the significant rise in housing loan interest rates, which have exceeded 5%. According to the Central Bank of Cyprus, this is the highest rate in the last...

Tough Times for New Homeowners as Rates Rise Over 5% Tough times for new homeowners in Cyprus have arrived as housing loan interest rates rise over 5%, making homeownership increasingly difficult. Young couples looking to buy their first home are particularly affected. According to the Central Bank of Cyprus, interest rates have reached their highest level in a decade, creating additional financial burdens...