Cyprus mortgage borrowers face higher costs amid potential ECB rate hikes

Mortgage borrowers in Cyprus are facing renewed financial pressure as markets anticipate another interest rate increase from the European Central Bank, adding approximately €320 per month to repayments over a decade.

6 Sept, 10:20 — 6 Sept, 10:20

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in-cyprus8h ago

Mortgage rates: How a decade added €320 a month to repayments

Cyprus mortgage borrowers are facing renewed uncertainty over the cost of their home loans as markets look towards another possible European Central Bank interest-rate increase on 10 September. Expectations point to a further 0.25 percentage-point increase, taking the rate to 2.50%, adding another twist to a decade in which borrowers have experienced two very different […]

By Theano Thiopoulou

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Cyprus mortgage borrowers face higher costs amid potential ECB rate hikes

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Mortgage rates: How a decade added €320 a month to repayments

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