Cyprus' leading on-line resource for home buyers & real estate investors -

29th March 2024
Cyprus Property News logo
HomeInvestmentBank of Cyprus to cut mortgage rate

Bank of Cyprus to cut mortgage rate

NEWS that the Bank of Cyprus will cut its base mortgage rate by 1% in early June, bringing it down to 4.25%, will be welcomed by many who are struggling with their mortgage repayments.

However, overseas property investors may not benefit from the rate cut as it will only apply to mortgages taken out before 1st January 2008 and all new mortgages up to a value of €200,000 taken out by permanent residents on their first home.

RELATED ARTICLES

Top Stories

Sign up to receive our free newsletter

We handle your data responsibly, find more about our privacy policy

Cyprus property transfer fees

Elsewhere in Cyprus Property News

EUR - Euro Member Countries
GBP
1.1684
RUB
0.0101
CNY
0.1285
CHF
1.0436

Property capital gains tax (CGT) calculator