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 Tourism Shows Strength As Clean Monday Hotel Bookings Surge

by THEFUTURE.TEAM

February 18, 2026

Hotels Embrace A Bright Outlook

Recent figures point to growing momentum in hotel reservations ahead of the Clean Monday weekend, signaling renewed confidence in Cyprus’ tourism sector. Christos Angelides, Director of PASYXE, emphasized the positive trend while also underscoring the need to gradually extend the tourism season beyond traditional peak months.

Favorable Conditions And Festive Spirit

Angelides noted that bookings recorded during the past weekend reached encouraging levels, a development attributed to multiple converging factors. The return of sunny weather after prolonged rainfall, coupled with the festive aura of carnival events and children’s parades in cities such as Nicosia, Limassol, and Paphos, has motivated many to opt for short getaways. This seasonal momentum is further boosted by the strategic initiatives of local hotels, many of which are curating special menus for Clean Monday events, offering guests an enhanced stay experience by keeping them on-premise.

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Positioning For The Off-Season

Despite the positive indicators, Angelides cautioned that average occupancy rates of 25%–30% highlight the need for continued innovation rather than complacency. He described the current period as part of a longer process of building winter tourism and pointed to opportunities in conferences, corporate events and niche travel segments as potential drivers of year-round demand.

Expanding Air Connectivity and Collective Ecosystem

Industry expectations are further supported by expanded air connections from established markets such as the United Kingdom and Israel, alongside increased routes from Armenia, Romania, Bulgaria, Latvia and Poland. While recovery in the German market remains gradual, broader improvements in connectivity continue to strengthen overall tourism prospects. Angelides added that sustainable year-round tourism depends on a wider ecosystem that extends beyond accommodation to include restaurants, museums, cultural venues and community events.

The Path Forward

Cyprus continues to benefit from strong competitive advantages in climate, accessibility and hospitality infrastructure. With coordinated planning across tourism stakeholders and consistent investment in diversified offerings, the sector is positioned to contribute more steadily to the national economy and support a more balanced, all-season travel model.

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