Cyprus Housing Loan Rates Range from 2.50% to 5.24% in March

The highest average interest rate on new floating-rate housing loans in Cyprus reached 5.24% in March, according to a report published on Monday by the Central Bank of Cyprus (CBC).

New Floating-Rate Housing Loans

The Bank of Cyprus provided the highest average rate for new floating-rate housing loans with an initial rate fixation period of up to one year at 5.24%. Eurobank Cyprus followed with 4.58%. Hellenic Bank offered the lowest rate in this category at 2.50%.

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Housing Loans with Floating Interest Rate and Initial Fixed Rate Period

For housing loans with a floating interest rate and an initial fixed rate period between one and five years, the Bank of Cyprus again recorded the highest average rate at 4.53%. The lowest rate in this category was offered by Ancoria Bank at 2.94%.

Business Lending

The Central Bank data also highlighted differences in business lending. For loans of up to €1 million to non-financial companies, with a floating interest rate and an initial rate fixation period of up to one year, the highest average rate was 7.04% offered by Banque SBA.

The Cyprus Development Bank Public Company Ltd followed with 6.09%. Alpha Bank offered the lowest rate in this category at 3.95%.

Deposits

In terms of deposits, the highest average interest rate for household time deposits in eurozone currencies with terms of up to one year was 2.00% offered by the Arab Jordan Investment Bank SA. Eurobank Cyprus Ltd followed with 1.88%. Astrobank offered the lowest household deposit rate at 0.92%.

For corporate time deposits of up to one year, Astrobank recorded the highest average interest rate at 2.15%. The Bank of Cyprus offered the lowest corporate deposit rate at 0.90%.

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Cyprus And Greece Outline Joint Tourism Plans For Summer 2026

by THEFUTURE.TEAM

May 1, 2026

Strategic Partnership Enhances Tourism Prospects

The Cyprus Tourism Authority (EOT Cyprus) presented proposals for summer 2026 focused on strengthening tourism cooperation between Cyprus and Greece, with joint efforts aimed at attracting visitors from long-haul markets.

Greece: The Top Destination For Cypriot Travelers

At an event on April 28, Athena Spakouri, Director of EOT Cyprus, said Greece is expected to remain the main travel destination for Cypriot residents, with plans extending beyond established locations to include lesser-known regions. This approach reflects a broader effort to diversify travel options while maintaining strong demand between the two countries.

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Complementary Destinations, Unified Vision

Building on this, Spakouri noted that Cyprus and Greece offer complementary tourism experiences rather than competing directly. Joint programmes are therefore being positioned to attract visitors from markets such as the United States and China, while tourism activity continues to be assessed in the context of broader geopolitical developments.

Robust Air And Sea Connectivity

Supporting this cooperation, Konstantinos Kollias said around 600,000 Cypriots travelled to Greece in 2025. Frequent flights, short travel times, and ferry connections between Limassol and Piraeus continue to facilitate movement between the two countries and sustain travel flows.

Diverse Tourism Offerings for a New Era

Konstantinos Kollias highlighted that Greece’s tourism portfolio spans from traditional seaside holidays to sectors such as cultural, religious, gastronomic, agritourism, ecotourism, spa, conference, and medical tourism.

This range reflects the expansion of tourism offerings across different segments and travel preferences. In parallel, Joseph Iosif referred to Greece as a “second homeland” for Cypriot travellers, pointing to longstanding cultural and travel links between the two countries.

Innovative Programs And Strengthened Connections

Building on this approach, the EOT strategy includes initiatives focused on gastronomic routes, cultural trails, thematic and religious tourism, as well as curated city breaks in destinations such as Athens and Thessaloniki. These programmes were presented at the event alongside references to historical, cultural, and religious connections between Cyprus and Greece, including remarks from Bishop Gregorios of Mesaoria.

Boosting Air Connectivity And Island Accessibility

At the same time, airlines including Aegean Airlines, Sky Express, and Cyprus Airways outlined plans to expand connections between Cyprus and Greece, with a focus on increasing access to island destinations. The event also brought together stakeholders from the Deputy Ministry of Tourism, Hermes Airports, tour operators, and ACTAA, reflecting coordination across different parts of the tourism sector.

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