May 2021 saw an increase in property sales in Cyprus. 81% more sales contracts were deposited with land registries in comparison with the previous year. Compared to 2019, there is an increase of up to 36%.
Subsidizing interest rates when buying property in Cyprus
29.04.2021
Cyprus has an interest rate subsidy program for the purchase of real estate, which covers a home loan to persons who entered into a contract in the period from 1.03.2020 and confirmed the use of the house for their own residence until 30.06.2021. Also, persons who have bought a land plot for construction can take advantage of the benefits.
The duration of the subsidy program is 4 years, the interest rate will be paid up to 1.5% (150 basis points). In this case, the loan amount must not exceed € 300,000. This scheme does not apply to loans whose interest rate is already subsidized through other government programs and the restructuring of an existing real estate loan.
you might be interested in other news
forward back
-
26.05.2021 -
18.05.2021In May 2021, property sales in the domestic and foreign markets of Cyprus increased by 123% compared to a year ago
-
04.05.2021In May 2020, sales of real estate in Cyprus to EU citizens increased to 177%, almost reaching the level of 2018, when the figure for the first five months was 539 sales
-
02.05.2021For two months now, there has been an upward trend in property sales in Cyprus. Shoppers are slowly returning to the market after the COVID-19 epidemic
-
12.04.2021The Department of Land Resources and Land Management of Cyprus has not yet published data on sales of overseas property in March, however, based on the indicators for April, one can conclude that sales of up to 53% to the citizens of the European Union have grown.
Do you have any questions about buying property in Cyprus?
Fill in the fields for consultation. We will reply to you as soon as possible.
come
Moscow
20/1, Fyodor Poletaev str., Moscow
