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Why Homebuyers Should Look Beyond Monthly Mortgage Payments

by THEFUTURE.TEAM

November 4, 2026

A mortgage’s monthly repayment is only one part of its overall cost. The loan term also determines how much interest borrowers pay over time, making it important to consider both monthly affordability and the total financial commitment.

Comparing different repayment periods can help borrowers understand these trade-offs and assess whether an offer suits their long-term financial plans. Before committing, it is worth using a mortgage calculator to test different terms and compare the results with the figures provided by the lender.

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Looking beyond the monthly payment can help homebuyers make more informed decisions and better understand the long-term cost of financing a property.

About The Money Doctor

The Money Doctor series explores financial questions, habits and decisions that shape everyday life in Cyprus, making financial concepts practical and accessible.

Dr Panayiotis C. Andreou is a Professor of Finance at the Cyprus University of Technology, President of the Financial Wellbeing Institute and creator of the Money Doctor® financial education platform. He also serves on the Scientific Advisory Committee of the Cyprus Financial Literacy and Education Committee.

His work focuses on financial literacy, financial wellbeing and the role of knowledge, habits and behaviour in everyday financial decisions.

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Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.