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All reports tagged with: "housing loans"

Problem housing loans below 10 percent

Based on the preliminary results from the Bank of Cyprus, problematic housing loans account for just 9.4% of its non-performing loans of €12.7 billion and only 10.2% of its NPLs in Cyprus.

Housing loan rates down, business loan rates up

Although housing loan interest rates continued to fall in December, business loan rates increased reversing an earlier downward trend according to the latest statistics from the Cyprus Central Bank.

Deposit interest rates fall while loan interest rates rise

Although interest rates banks in Cyprus are paying their depositors have plummeted in recent times, the interest rates they are charging borrowers are increasing according to the European Central Bank.

Housing loans collateral shortfall

Using publically available data from the Central Bank of Cyprus, Pavlos Loizou MRICS considers the size of the shortfall between the value of housing loans granted by the banks and the market value of their underlying collateral.

Cost of housing loans may increase

Banks are considering increasing housing loan interest rates of in light of the tough conditions in the sector and the increased risk in the Island’s property market, according to StockWatch.

Housing loans highest in euro area

According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.

First loans approved for Cyprus low cost housing

Loan approvals amounting to €4.2 million have been delivered to thirty young couples under the recently announced government scheme to help those on low incomes.

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