Annual average interest rate on new mortgage loans in Cyprus 2007-2022
The annual average interest rate on new residential loans in Cyprus increased for the second year in a row in 2022, after eight consecutive years of decline. In 2022, the average mortgage rate was 2.55 percent - an increase of 0.45 percentage points from 2020 when the rate was at its lowest. Despite the increase, the interest rate in 2022 was significantly lower than the long term average.