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Loans And Mortgages

Previously in Cyprus mortgages were difficult to arrange with high rates of interest. Now mortgages are available also in euros at low rates thereby increasing accessibility to the property market for more buyers due to the ‘affordability factor’ with mortgages as high as 80% loan to value. More people able to buy means will push prices up. In the case of a mortgage, mortgage fees are involved, which are calculated at approximately 1% on the mortgage amount.

 
 
     
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