{"id":122920,"date":"2026-03-16T17:27:43","date_gmt":"2026-03-16T15:27:43","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=122920"},"modified":"2026-03-16T17:27:43","modified_gmt":"2026-03-16T15:27:43","slug":"cyprus-mortgage-rates-hit-january-peak-while-remaining-below-eurozone-average","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/cyprus-mortgage-rates-hit-january-peak-while-remaining-below-eurozone-average\/","title":{"rendered":"Cyprus Mortgage Rates Hit January Peak While Remaining Below Eurozone Average"},"content":{"rendered":"<p data-path-to-node=\"1\">Borrowing costs for new homes in Cyprus saw a notable uptick at the start of the year, with the highest available mortgage rate climbing to 3.41% in January 2026. Data released by the Central Bank of Cyprus (CBC) highlights a general upward trend in lending rates, even as the island&#8217;s average remains more affordable than much of the Eurozone.<\/p>\n<p data-path-to-node=\"2\">According to the CBC\u2019s monthly report, the peak rate rose from 3.25% in December, while the market&#8217;s entry-level rates also shifted upward from 2.39% to 2.50%.<\/p>\n<h2 data-path-to-node=\"4\"><b data-path-to-node=\"4\" data-index-in-node=\"0\">Lender Comparison: Who Offered What in January?<\/b><\/h2>\n<p data-path-to-node=\"5\">The CBC\u2019s breakdown of new contracts for Eurozone residents shows a competitive but tightening landscape among the island\u2019s major financial institutions.<\/p>\n<p data-path-to-node=\"6\"><b data-path-to-node=\"6\" data-index-in-node=\"0\">Top Mortgage Rates (New Business):<\/b><\/p>\n<ul data-path-to-node=\"7\">\n<li>\n<p data-path-to-node=\"7,0,0\"><b data-path-to-node=\"7,0,0\" data-index-in-node=\"0\">Housing Finance Corporation:<\/b> 3.41% (Highest recorded)<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,1,0\"><b data-path-to-node=\"7,1,0\" data-index-in-node=\"0\">Bank of Cyprus:<\/b> 3.23%<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,2,0\"><b data-path-to-node=\"7,2,0\" data-index-in-node=\"0\">Ancoria Bank:<\/b> 3.10%<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"7,3,0\"><b data-path-to-node=\"7,3,0\" data-index-in-node=\"0\">Alpha Bank Cyprus:<\/b> 2.86% (Lowest recorded)<\/p>\n<\/li>\n<\/ul>\n<p data-path-to-node=\"8\">Despite the internal rise, the average mortgage rate in Cyprus stood at 3.04%, notably lower than the 3.39% average seen across the broader Eurozone.<\/p>\n<h2 data-path-to-node=\"10\"><b data-path-to-node=\"10\" data-index-in-node=\"0\">Corporate and Commercial Lending<\/b><\/h2>\n<p data-path-to-node=\"11\">The trend extended into the business sector, particularly for large scale financing. For loans to non-financial corporations exceeding \u20ac1 million, interest rates showed a wider spread:<\/p>\n<ul data-path-to-node=\"12\">\n<li>\n<p data-path-to-node=\"12,0,0\"><b data-path-to-node=\"12,0,0\" data-index-in-node=\"0\">Bank of Cyprus:<\/b> 4.72%<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"12,1,0\"><b data-path-to-node=\"12,1,0\" data-index-in-node=\"0\">Alpha Bank Cyprus:<\/b> 3.82%<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"12,2,0\"><b data-path-to-node=\"12,2,0\" data-index-in-node=\"0\">Ancoria Bank:<\/b> 3.42%<\/p>\n<\/li>\n<\/ul>\n<h2 data-path-to-node=\"14\"><b data-path-to-node=\"14\" data-index-in-node=\"0\">Savings and Deposit Returns<\/b><\/h2>\n<p data-path-to-node=\"15\">While borrowers faced higher costs, savers saw mixed results in January. Term deposits for households and corporations remained relatively low, reflecting a market with high liquidity.<\/p>\n<h4 data-path-to-node=\"16\"><b data-path-to-node=\"16\" data-index-in-node=\"0\">Household Term Deposits (Up to 1 Year):<\/b><\/h4>\n<ul data-path-to-node=\"17\">\n<li>\n<p data-path-to-node=\"17,0,0\"><b data-path-to-node=\"17,0,0\" data-index-in-node=\"0\">National Bank of Greece (Cyprus):<\/b> 1.67% (Highest)<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"17,1,0\"><b data-path-to-node=\"17,1,0\" data-index-in-node=\"0\">Ancoria Bank:<\/b> 1.46%<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"17,2,0\"><b data-path-to-node=\"17,2,0\" data-index-in-node=\"0\">Housing Finance Corporation:<\/b> 0.85% (Lowest)<\/p>\n<\/li>\n<\/ul>\n<h4 data-path-to-node=\"18\"><b data-path-to-node=\"18\" data-index-in-node=\"0\">Corporate Term Deposits (Up to 1 Year):<\/b><\/h4>\n<ul data-path-to-node=\"19\">\n<li>\n<p data-path-to-node=\"19,0,0\"><b data-path-to-node=\"19,0,0\" data-index-in-node=\"0\">National Bank of Greece (Cyprus):<\/b> 1.71% (Highest)<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"19,1,0\"><b data-path-to-node=\"19,1,0\" data-index-in-node=\"0\">Bank of Cyprus:<\/b> 1.45%<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"19,2,0\"><b data-path-to-node=\"19,2,0\" data-index-in-node=\"0\">Housing Finance Corporation:<\/b> 0.67% (Lowest)<\/p>\n<\/li>\n<\/ul>\n<h2 data-path-to-node=\"21\"><b data-path-to-node=\"21\" data-index-in-node=\"0\">Market Summary<\/b><\/h2>\n<p data-path-to-node=\"22\">The January data suggests that while the era of rock-bottom interest rates is transitioning, the Cypriot banking sector continues to offer a discount compared to continental European peers. However, with the peak mortgage rate now crossing the 3.4% threshold, the gap between local and Eurozone borrowing costs is beginning to narrow.<\/p>\n<p data-path-to-node=\"22\"><b data-path-to-node=\"23,0\" data-index-in-node=\"0\">Source:<\/b> news.cyprus-property-buyers.com<\/p>","protected":false},"excerpt":{"rendered":"<p>Borrowing costs for new homes in Cyprus saw a notable uptick at the start of the year, with the highest available mortgage rate climbing to 3.41% in January 2026. Data released by the Central Bank of Cyprus (CBC) highlights a general upward trend in lending rates, even as the island&#8217;s average remains more affordable than [&hellip;]<\/p>","protected":false},"author":9,"featured_media":122921,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/122920"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=122920"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/122920\/revisions"}],"predecessor-version":[{"id":122922,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/122920\/revisions\/122922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/122921"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=122920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=122920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=122920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}