Annual average interest rate on new mortgage loans in Cyprus 2007-2023

Published by Statista Research Department, Oct 9, 2024

The annual average interest rate on new residential loans in Cyprus increased for the third year in a row in 2023, after eight consecutive years of decline. In 2023, the average mortgage rate was 4.13 percent - an increase of around two percentage points from 2020 when the rate was at its lowest.

Annual average interest rate on new residential mortgage loans in Cyprus from 2007 to 2023

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Release date

August 2024

Region

Cyprus

Survey time period

2007 to 2023

Supplementary notes

Representative interest rates include six main types:

Weighted average interest rate on loans to households for house purchase.
Initial fixed period interest rate up to 1 year on loans for house purchase.
Initial fixed period interest rate over 1 and up to 5 years on loans for house purchase.
Initial fixed period interest rate over 5 and up to 10 years on loans for house purchase.
Initial fixed period interest rate of over 10 years on loans for house purchase.
Other.

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