Mortgage rates ease, new housing loans jump 24.5%

Borrowing costs for Cyprus buyers eased in early 2026. average interest rates on new housing loans stood at around 3.15% as of March, down year-on-year, while rates on outstanding mortgages averaged roughly 3.48%. The lower-rate environment appears to be feeding directly into activity — new housing loans granted between January and March 2026 rose 24.5% compared with the same period the year before. Use the mortgage calculator in the Tools section to model how a lower rate changes your own monthly repayment.