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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 May 2019 Petrolina will move storage units by years end

    read more

  • 6 May 2019 Energy saving measures grant scheme

    There are opportunities for those living in Cyprus to the reduce their energy... read more

  • 30 April 2019 KPMG Sales of many properties over 1 million

    The exogenous demand for luxury properties, particularly in Limassol, is... read more

  • 22 April 2019 Cyprus real estate investment Prospects and Risks

    The figures, trends and the state of the Cyprus real estate market over the... read more

  • 19 April 2019 Solution for trapped buyers edging closer

    Amendments to the law designed to resolve the Title Deed mess by enabling... read more

Moves by banks to warm up the housing market

Bank of Cyprus returns in advertisements mortgage loan, a move that was originally done in October 2013 after the completion of the recapitalization process. Banks for a year avoid new lending because of capital challenges faced while households do not go to borrowers openings due to the uncertainty in the labor market and because of cuts in income. BOC, estimated now controls 40% of the market returns to track lending offering mortgage product only permanent residents. In the basic characteristics of the loan is the amount by € 200.000, without initial costs, total variable interest rate of 4.75%, well below the 5.6% in the average interest rate on new mortgage loans market power in the summer of 2013. Given the new data on the economy, the new mortgage offers flexibility in relation to the doses and even offers the right to suspend the installments. Also rewards consistency repayment discount on every 13th dose, if they have paid 12 monthly installments without delays. Efforts deleveraging of banks' assets do not give much scope for bankers to offer mortgage loans and put more competitive in the market of mortgage lending. End of December 2013 the balance of housing loans was € 13,95 billion compared to € 14,90 billion in 2012 and € 15,13 billion in 2011. The evidence suggests that the decline in loans was because many loans were repaid or offset against deposits. It should be noted that based on research advances from the Central Bank for the first quarter of 2014, it is expected that the criteria for granting housing loans in Cyprus will become stricter. Also banks expect a further reduction in net demand for housing loans by households, about the same extent recorded in the fourth quarter of 2013. -

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