Latest Properties
Spacious 3 bedroom apartment in Germasogeia Tourist Area
- 3
- 4
- 230 sq m
Two bedroom apartment in Ekali Area
- 2
- 2
- 90 sq m
Two bedroom apartment in Potamos Germasogeia
- 2
- 2
- 100 sq m
Modern 3 bedroom house in Parekklisia area
- 3
- 2
- 130 sq m
Two bedroom brand new apartment in Agios Nikolaos
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- 2
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3 bedroom house in Pyrgos Area
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Latest News
Long-term mortgage loans
The island’s credit institutions have very attractive housing loan schemes on offer for young people who want their own roof but don’t have the cash. However, with the shadow of non-performing loans because of malpractice still hanging over their head, banks are now extremely cautious with lending criteria. But his does not imply that young people are restricted from getting a housing loan. INSIDER lists below key housing loan schemes offered by both systemic and non-systemic banks: Bank of Cyprus Bank of Cyprus’ financing amount for first home is up to 80% of the value of the property with a fixed interest rate for 3.5 or 10 years. After the end of the fixed interest period, the interest rate changes to variable for the entire duration of the loan. Maximum repayment period is up to 30 years, while the debtor’s age must not exceed 65 years at loan maturity. Grace period is up to two years. For the financing of a housing loan of 100,000 Euros, the interest rate is 2.35% and 2.45% and a repayment period up to 20 years depending on the amount and frequency of the instalment. Hellenic Bank Hellenic Bank offers a housing loan scheme with a minimum down payment of 30%, a maximum duration of 30 years and a total interest rate of 1.91% for a loan of 100,000 Euros. Another housing loan for the same amount of money has the interest rate at 1.65% over the first three years, while maximum repayment is also 30 years and minimum down payment is at 30% of the loan. Alpha Bank Alpha Bank’s housing loan amount covers up to 75% of the property’s purchase value for first main residence. The repayment is through equal monthly instalments with maximum duration up to 40 years, including grace period of up to two years. At loan maturity the debtor’s age must not exceed 70 years. As an example given, for a 100,000 euro loan the total interest rate is 1.96%. AstroBank AstroBank offers a mortgage loan starting from 20,000 Euros with mortgage on the immovable property under consideration as security, along with Fire and earthquake insurance as well as Life insurance and personal guarantee. Repayment is with a loan term up to 40 years, but in any event the debtor cannot exceed the age of 70 at loan maturity. As from November 2017, the bank reduced base interest rate from 2.4% to 2%. Eurobank Eurobank offers housing plans starting from 10,000 euros and with repayment duration based on the instalment the borrower can pay each month and the type of interest rate on the loan. The debtor cannot exceed the age of 75 at loan maturity. For a 100,000 euros mortgage loan with 30 years repayment, the interest rate is fixed over the first year, ranging between 4.9% and 5.5%, while for the remaining years the interest rate ranges between 3.2% and 3.8%. Ancoria Ancoria Bank offers home schemes for up to 60% of the estimated value of the property. For a loan amount up to €300,000, the interest rate is 1.99% and with a repayment period of 35 years. Debtor’s age must not exceed 65 years at loan maturity. Housing Finance Corporation (HFC) HFC offers long-term housing loans up to €450,000 for the purchase or construction of a property with a repayment period up to 40 years. For renovation works and energy efficiency improvements to homes, there are loans up to 100,000 Euros and a repayment period up to 15 years. And for the purchase of a residential plot, there are loans up to 300,000 Euros and a repayment period up to 30 years.
Discover the alternatives to traditional living
When you think of a new home, what comes to mind? A traditional house in the suburbs, an apartment in the city, or perhaps a villa on the coast? If you are longing for something different from the standard living concept, then it is worth exploring the alternatives to traditional living. With a booming real estate market, you can find a range of unique living options that can enrich your lifestyle and financial goals. Limassol, a cosmopolitan port city on the southern coast of Cyprus, is a hotspot for property investors and home seekers looking for a mix of Mediterranean charm and modern luxury. The property market here is diverse and offers something for everyone, from luxury apartments to exclusive villas with sea views. 1. Luxury apartments and penthouses One of the most popular alternatives to a traditional house is the luxury apartment or penthouse. In Limassol you will find numerous new construction projects with state-of-the-art facilities such as swimming pools, fitness centers and 24-hour security. These apartments offer the convenience of a low-maintenance lifestyle, ideal for busy professionals or those who enjoy traveling. Moreover, they often offer breathtaking views and are located close to vibrant city life. 2. Traditional Cypriot village houses For those looking for a more authentic experience, a renovated village house in one of the picturesque villages surrounding Limassol can be a charming alternative. These houses are often built with local stone and feature traditional Cypriot architecture, giving them a unique atmosphere and character. It is an opportunity to integrate into the local community and experience the island’s rich culture. 3. Modern villas with sea views If you dream of your own piece of paradise, the modern sea view villas around Limassol are an excellent choice. These villas are designed with luxury and comfort in mind and often offer spacious terraces, private pools and landscaped gardens. They are perfect for families or those who like to entertain and enjoy the spectacular views and mild climate of Cyprus. 4. Sustainable eco-homes Sustainability is a growing trend in the real estate market, and Limassol is no exception. Eco-homes that use renewable energy sources, natural materials and smart technologies are an alternative for the environmentally conscious buyer. These homes are not only better for the planet, but can also help reduce energy costs in the long term. 5. Investment properties for rental Limassol is also an attractive location for investors looking for properties to rent out. Whether short term holiday rentals or long term rentals, demand for quality properties in Limassol remains strong. This offers an opportunity for a stable return on your investment and potential capital growth. Exploring the Limassol real estate market can be an exciting journey, full of possibilities beyond conventional housing options. Whether you are looking for a permanent residence, a holiday home or an investment opportunity, Limassol has a diverse offering that can meet your wants and needs. Don’t forget to do your research and work with a reputable real estate agent like, who can guide you through the process of finding and buying property in Limassol. With their expertise and local knowledge, they can help you find the perfect alternative to traditional living that suits your unique lifestyle and financial goals.
Apartments expected to boost housing supply
Several thousand apartments are anticipated to significantly boost the supply of housing as the construction of 541 apartment buildings is expected to be completed in the coming months. The construction boom aims to address the pressing issue of housing scarcity due to significant increases in market prices and rents in recent years. Various factors contribute to the challenge of acquiring a house or apartment, including the escalating costs of construction materials, inflation, supply chain disruptions, and interest rate hikes. Many young couples cannot afford today’s high prices making homeownership a distant dream for many. Data collected and analysed by Ask Wire sheds light on construction trends across Cyprus. Since 2023, construction has been in full swing, with over 500 apartment buildings starting in various districts. Construction activity peaked in March, with more than 50 new projects starting. Limassol, which is known for its high property prices, saw the start of 198 apartment building projects in 2023, with a significant surge in activity between March and May. In Nicosia, construction was distributed evenly throughout the year, with 165 new projects starting across all months. Larnaca saw the start of 127 apartment building projects in 2023, catering to both local and foreign demand. July stood out as the busiest month with 16 projects getting underway.