Cyprus Mortgage Rates Rise to 4.16% in August 2026
The average rate on new floating-rate housing loans in Cyprus rose to 4.16% in August 2026, from 3.78% in July, while new housing lending fell to €114.4m.
By RealDeal team · 2 min read · Published 17 Oct 2026
Cyprus mortgage rates moved up in August 2026. According to the Central Bank of Cyprus (data released on 5 October 2026), the weighted average interest rate on new house purchase loans was 4.16%, up from 3.78% in July. The figure covers loans with a floating rate or an initial rate fixation of up to one year.
The figures
| June 2026 | July 2026 | August 2026 | |
|---|---|---|---|
| House purchase loan rate | 4.04% | 3.78% | 4.16% |
| Pure new housing loans | €152.1m | €149.5m | €114.4m |
| Total incl. renegotiations | €201.1m | €205.8m | €141.9m |
Sources: CBC interest rate press releases for July and August 2026.
The ECB context
The European Central Bank raised its key interest rates by 0.25 percentage points on 10 September 2026, after an earlier increase in June, the CBC Governor said on 11 September. The August data predate the September decision.
On the same CBC measure, the average rate on new housing loans was 3.63% in September 2025.