Hellenic Bank Makes Key Interest Rate Cut: What It Means For Borrowers

by News Editor

March 12, 2025

The Hellenic Bank has taken a significant step to ease the financial burden on borrowers by announcing a reduction in its reference interest rate. Effective from March 12, 2025, the rate sees a drop from 2.90% to 2.65%. This 0.25% cut aligns with fluctuations in the European Central Bank’s base rate.

Impact On Borrowers And Business

Interest Rate Adjustment: The treasury rate was reduced by 0.25%.
New Rate: Set at 2.65%.
Beneficiaries: Over 6,000 loan recipients are expected to benefit.

Coming on the heels of a recent 0.16% reduction, which affected the bank’s basic interest to reach 1.75%, this move aims to further relieve over 90,000 borrowers, spanning individuals to businesses, by reducing their borrowing costs.

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Steady Fixed Rates For Home Loans & My Home Rewards

Attractive Mortgage Rates: The Bank offers fixed mortgage rates of:

2.95% for the initial three years.
3.10% for the first five years.

My Home Rewards Program enriches these offers through:

Cashback Offers: Up to €2,000 for furnishing and home equipment from partner merchants.
Enhanced Buyer Opportunities: Enabling customers to own homes under more favorable conditions.

This strategic rate adjustment by Hellenic Bank not only makes loan facilities more accessible but also strengthens the real estate market dynamics in Cyprus, aligning with trends observed in the global real estate arena.

The Future Forbes Realty Global Properties

Cyprus Records 3.1M Guest Nights In Q3 2025

by THEFUTURE.TEAM

April 2, 2026

Cyprus recorded 3.1 million guest nights in short-term rental accommodation in the third quarter of 2025, according to Eurostat. The data reflect bookings made through online platforms.

Record Performance In Q3 2025

Between July and September 2025, guest nights reached 3,104,502 across platforms, including Airbnb, Booking.com, and Expedia. The volume highlights the role of digital booking platforms in Cyprus’s tourism sector.

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Continental Trends Bolstering Digital Tourism

Across the EU, short-term rental activity also increased. In the fourth quarter of 2025, total guest nights reached 172.30 million, up 10.90% compared to the same period in 2024 and 30.20% higher than in 2023. For the full year, online platforms accounted for 951.60 million nights in 2025, representing an increase of 11.40% year on year and 32.40% compared to 2023.

Regional Destinations And Competitive Dynamics

Tourism activity remains concentrated in southern European regions. Croatia’s Jadranska Hrvatska recorded 27.70 million guest nights, followed by Spain’s Andalucia with 19.50 million and France’s Provence-Alpes-Côte d’Azur with 16.90 million. Cyprus is not among the top 20 EU regions by volume, though its figures remain notable relative to its size.

Economic Implications And Forward Outlook

Tourism continues to play a key role in Cyprus’s economy, with online platforms accounting for a growing share of bookings. Eurostat data indicate continued expansion in digital tourism, with implications for policy planning and investment across the sector.

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