The annual average interest rate on new residential loans in Cyprus increased for the third year in a row in 2023, after ***** consecutive years of decline. In 2023, the average mortgage rate was **** percent - an increase of around *** percentage points from 2020 when the rate was at its lowest.

Mortgage credit interest rate, percent in Cyprus, March, 2025 The most recent value is 3.94 percent as of March 2025, an increase compared to the previous value of 3.81 percent. Historically, the average for Cyprus from November 2007 to March 2025 is 4.2 percent. The minimum of 1.65 percent was recorded in April 2021, while the maximum of 6.65 percent was reached in November 2013. | TheGlobalEconomy.com

Key information about Cyprus Bank Lending Rate

• Cyprus Bank Lending Rate was reported at 5.368 % pa in May 2023.
• This records an increase from the previous number of 5.312 % pa for Apr 2023.
• Cyprus Bank Lending Rate data is updated monthly, averaging 5.095 % pa from Nov 2007 to May 2023, with 187 observations.
• The data reached an all-time high of 7.661 % pa in Feb 2009 and a record low of 2.973 % pa in Apr 2020.
• Cyprus Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Monthly.

Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: APR of Charge data was reported at 4.872 % pa in Feb 2025. This records an increase from the previous number of 4.535 % pa for Jan 2025. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: APR of Charge data is updated monthly, averaging 4.347 % pa from Nov 2007 (Median) to Feb 2025, with 208 observations. The data reached an all-time high of 7.026 % pa in Feb 2009 and a record low of 2.725 % pa in Apr 2020. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: APR of Charge data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates. The annual percentage rate of charge covers the total cost of loan. The total cost comprises an interest rate component and a component of other (related) charges, such as the cost of inquiries, administration, preparation of documents, guarantees, etc

Cyprus - Housing cost overburden rate: Owner, with mortgage or loan was 0.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Housing cost overburden rate: Owner, with mortgage or loan - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Housing cost overburden rate: Owner, with mortgage or loan reached a record high of 6.00% in December of 2014 and a record low of 0.20% in December of 2022.

Cyprus - Overcrowding rate: Owner, no outstanding mortgage or housing loan was 0.80% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Overcrowding rate: Owner, no outstanding mortgage or housing loan - last updated from the EUROSTAT on June of 2025. Historically, Cyprus - Overcrowding rate: Owner, no outstanding mortgage or housing loan reached a record high of 2.80% in December of 2010 and a record low of 0.80% in December of 2024.

Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Up to 1 Year data was reported at 2.941 % pa in Feb 2025. This records a decrease from the previous number of 2.963 % pa for Jan 2025. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Up to 1 Year data is updated monthly, averaging 4.057 % pa from Nov 2007 (Median) to Feb 2025, with 208 observations. The data reached an all-time high of 7.437 % pa in May 2014 and a record low of 1.086 % pa in Jul 2020. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Up to 1 Year data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: Floating Rate data was reported at 4.559 % pa in Feb 2025. This records an increase from the previous number of 4.473 % pa for Jan 2025. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: Floating Rate data is updated monthly, averaging 4.272 % pa from Nov 2007 (Median) to Feb 2025, with 208 observations. The data reached an all-time high of 6.891 % pa in Feb 2009 and a record low of 2.029 % pa in Feb 2020. Cyprus Lending Rate: MFIs: NB: Households incl NPISH: Mortgage: Floating Rate data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

Greece, Cyprus, and Hungary were the countries with the highest share of non-performing mortgage loans in the second quarter of 2023. In Greece, *** percent of the gross carrying amount of mortgage loans to households was considered non-performing. In Spain, which was the country with the highest value of non-performing mortgages, this share was *** percent.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

Mortgage credit interest rate, percent in Chypre, mars, 2025 Pour cet indicateur, Central Bank of Cyprus fournit des données pour la Chypre de novembre 2007 à mars 2025. La valeur moyenne pour Chypre pendant cette période était de 4.2 pour cent avec un minimum de 1.65 pour cent en avril 2021 et un maximum de 6.65 pour cent en novembre 2013. | TheGlobalEconomy.com

Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 1 and up to 5 Years data was reported at 4.327 % pa in Feb 2025. This records an increase from the previous number of 4.037 % pa for Jan 2025. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 1 and up to 5 Years data is updated monthly, averaging 4.070 % pa from Nov 2007 (Median) to Feb 2025, with 208 observations. The data reached an all-time high of 7.675 % pa in Nov 2013 and a record low of 1.569 % pa in Apr 2022. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Mortgage: Maturity: Over 1 and up to 5 Years data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Consumer Credit: Maturity: Over 1 and up to 5 Years data was reported at 5.823 % pa in Feb 2025. This records a decrease from the previous number of 5.898 % pa for Jan 2025. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Consumer Credit: Maturity: Over 1 and up to 5 Years data is updated monthly, averaging 5.516 % pa from Nov 2007 (Median) to Feb 2025, with 208 observations. The data reached an all-time high of 8.069 % pa in Sep 2008 and a record low of 3.061 % pa in Jul 2020. Cyprus Lending Rate: MFIs: Outstanding: Households incl NPISH: Consumer Credit: Maturity: Over 1 and up to 5 Years data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Cyprus - Severe housing deprivation rate: Owner, with mortgage or loan was 0.40% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Cyprus - Severe housing deprivation rate: Owner, with mortgage or loan - last updated from the EUROSTAT on July of 2025. Historically, Cyprus - Severe housing deprivation rate: Owner, with mortgage or loan reached a record high of 2.00% in December of 2016 and a record low of 0.00% in December of 2015.

The benchmark interest rate in Cyprus was last recorded at 4.50 percent. This dataset provides - Cyprus Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cyprus CY: Lending Rate: Households: House Purchase: Stocks data was reported at 4.290 % pa in Jan 2025. This records a decrease from the previous number of 4.380 % pa for Dec 2024. Cyprus CY: Lending Rate: Households: House Purchase: Stocks data is updated monthly, averaging 4.250 % pa from Jan 2008 (Median) to Jan 2025, with 205 observations. The data reached an all-time high of 5.910 % pa in Sep 2008 and a record low of 2.040 % pa in Apr 2022. Cyprus CY: Lending Rate: Households: House Purchase: Stocks data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Cyprus – Table CY.IMF.IFS: Lending, Saving and Deposit Rates.

Cyprus Lending Rate: MFIs: NB: NFC: Over 1 Million EUR: Floating Rate data was reported at 4.482 % pa in Feb 2025. This records a decrease from the previous number of 4.895 % pa for Jan 2025. Cyprus Lending Rate: MFIs: NB: NFC: Over 1 Million EUR: Floating Rate data is updated monthly, averaging 4.669 % pa from Nov 2007 (Median) to Feb 2025, with 208 observations. The data reached an all-time high of 7.282 % pa in Jan 2012 and a record low of 2.416 % pa in Apr 2020. Cyprus Lending Rate: MFIs: NB: NFC: Over 1 Million EUR: Floating Rate data remains active status in CEIC and is reported by Central Bank of Cyprus. The data is categorized under Global Database’s Cyprus – Table CY.M006: Lending Rates.

Spain, France, and Italy were the countries with the highest value of non-performing mortgage loans at amortized cost in the second quarter of 2023. In Spain, the gross carrying amount of non-performing mortgages to households totaled about **** billion euros, while in France, this figure amounted to approximately **** billion euros. When it comes to the share of non-performing mortgages, Cyprus, Greece and Hungary topped the ranking.

Chypre: Bank lending-deposit interest rate spread : Pour cet indicateur, The International Monetary Fund fournit des données pour la Chypre de à . La valeur moyenne pour Chypre pendant cette période était de interest rate points avec un minimum de interest rate points en et un maximum de interest rate points en .