{"id":114681,"date":"2025-06-09T21:47:07","date_gmt":"2025-06-09T18:47:07","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=114681"},"modified":"2025-06-09T21:47:07","modified_gmt":"2025-06-09T18:47:07","slug":"interest-rates-down-new-lending-cools-what-this-means-for-buyers-and-businesses-in-cyprus","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/ru\/interest-rates-down-new-lending-cools-what-this-means-for-buyers-and-businesses-in-cyprus\/","title":{"rendered":"Interest Rates Down, New Lending Cools: What This Means for Buyers and Businesses in Cyprus"},"content":{"rendered":"<p data-start=\"345\" data-end=\"645\">There\u2019s been a notable shift in Cyprus&#8217; financial landscape this April, as the latest figures from the Central Bank of Cyprus (CBC) show a dip in both deposit and lending interest rates, making it a potentially smart moment for buyers and borrowers to consider their options.<\/p>\n<p data-start=\"647\" data-end=\"697\"><strong data-start=\"647\" data-end=\"697\">Lower Interest Rates = Good News for Borrowers<\/strong><\/p>\n<p data-start=\"699\" data-end=\"776\">Let\u2019s start with the silver lining: borrowing just got a bit more affordable.<\/p>\n<ul data-start=\"778\" data-end=\"1142\">\n<li data-start=\"778\" data-end=\"970\">\n<p data-start=\"780\" data-end=\"970\">Housing loan interest rates dropped to 3.78%, down from 4.56% in March. That\u2019s a significant shift, especially for those considering buying their primary home or even a vacation getaway.<\/p>\n<\/li>\n<li data-start=\"971\" data-end=\"1048\">\n<p data-start=\"973\" data-end=\"1048\">Consumer loans also saw a drop, with rates falling from 7.40% to 7.06%.<\/p>\n<\/li>\n<li data-start=\"1049\" data-end=\"1142\">\n<p data-start=\"1051\" data-end=\"1142\">Loans for businesses (up to \u20ac1 million) eased slightly too, going from 4.96% down to 4.65%.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1144\" data-end=\"1323\">However, interest on large-scale corporate loans (over \u20ac1 million) went up to 4.13%, from 3.87% &#8211; likely reflecting the different risk dynamics at play for big commercial deals.<\/p>\n<p data-start=\"1325\" data-end=\"1355\"><strong data-start=\"1325\" data-end=\"1355\">Deposit Rates Also Shifted<\/strong><\/p>\n<p data-start=\"1357\" data-end=\"1377\">On the savings side:<\/p>\n<ul data-start=\"1378\" data-end=\"1585\">\n<li data-start=\"1378\" data-end=\"1466\">\n<p data-start=\"1380\" data-end=\"1466\">Households saw a small drop in deposit interest rates, now at 1.26% (down from 1.41%).<\/p>\n<\/li>\n<li data-start=\"1467\" data-end=\"1585\">\n<p data-start=\"1469\" data-end=\"1585\">Meanwhile, non-financial corporations actually got a small boost on deposits, with rates rising to 1.37% from 1.31%.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1587\" data-end=\"1628\"><strong data-start=\"1587\" data-end=\"1628\">What\u2019s Going On With Lending Volumes?<\/strong><\/p>\n<p data-start=\"1630\" data-end=\"1746\">Total new loans across all categories dropped to \u20ac682.2 million in April, down from \u20ac964.2 million the month before.<\/p>\n<p data-start=\"1748\" data-end=\"1773\">Here\u2019s a quick breakdown:<\/p>\n<ul data-start=\"1774\" data-end=\"2111\">\n<li data-start=\"1774\" data-end=\"1878\">\n<p data-start=\"1776\" data-end=\"1878\">Housing loans decreased to \u20ac161.8 million (of which \u20ac98.2 million were brand-new, not refinanced).<\/p>\n<\/li>\n<li data-start=\"1879\" data-end=\"1925\">\n<p data-start=\"1881\" data-end=\"1925\">Consumer loans slipped to \u20ac21.8 million.<\/p>\n<\/li>\n<li data-start=\"1926\" data-end=\"1989\">\n<p data-start=\"1928\" data-end=\"1989\">Business loans up to \u20ac1 million dropped to \u20ac68.5 million.<\/p>\n<\/li>\n<li data-start=\"1990\" data-end=\"2111\">\n<p data-start=\"1992\" data-end=\"2111\">Large business loans over \u20ac1 million took the biggest dive &#8211; from \u20ac661.9 million in March to \u20ac414.2 million in April.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2113\" data-end=\"2312\">So, what\u2019s the takeaway? Fewer people and businesses are borrowing right now &#8211; likely due to economic caution or seasonality &#8211; but those who are, especially homebuyers, are getting better interest rates.<\/p>\n<p data-start=\"2314\" data-end=\"2355\"><strong data-start=\"2314\" data-end=\"2355\">Looking Ahead: A Market in Adjustment<\/strong><\/p>\n<p data-start=\"2357\" data-end=\"2600\">The CBC emphasized that fluctuations in average interest rates, especially for housing, are often driven by the types of loans issued in a given month &#8211; meaning the composition of the portfolio can shift the averages, regardless of rate changes.<\/p>\n<p data-start=\"2602\" data-end=\"2792\">Still, the overall tone here is opportunity. For anyone planning to finance a home or personal project, these slightly lower rates might be just the nudge needed to explore what\u2019s out there.<\/p>\n<p data-start=\"2794\" data-end=\"2817\"><em data-start=\"2794\" data-end=\"2817\">Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>There\u2019s been a notable shift in Cyprus&#8217; financial landscape this April, as the latest figures from the Central Bank of Cyprus (CBC) show a dip in both deposit and lending interest rates, making it a potentially smart moment for buyers and borrowers to consider their options. Lower Interest Rates = Good News for Borrowers Let\u2019s [&hellip;]<\/p>","protected":false},"author":9,"featured_media":114682,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/114681"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/comments?post=114681"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/114681\/revisions"}],"predecessor-version":[{"id":114683,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/posts\/114681\/revisions\/114683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media\/114682"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/media?parent=114681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/categories?post=114681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/ru\/wp-json\/wp\/v2\/tags?post=114681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}