Cyprus Property Forum for Buyers, Sellers & Investors

LOL I would love to spare any money on Cyprus since I spent 2 lovely years in Limassol 20 years ago but Real Estate bubble in Canada is about to burst so I am sure I will need all the money to fill the holes here in not distant future

I have no plans to purchase home in Cyprus. I was just following the news about Cyprus from Canada and was curious about current mortgage rules in the country where real estate bubble popped.
Thanks

Thanks a lot. Good data from the second link.
I have found this link regarding interest rates
http://www.bankofcyprus.com.cy/en-GB/Housing_loans/Your-housing-loan/Interest_rates_and_charges/

So for 5 year term interest is 5.50%? Is that correct? Can you renew the terms after that? I am confused ...

Does anybody in Cyprus use indices that are calculated from data on repeat sales of single-family homes, like Case-Shiller index in US?
http://en.wikipedia.org/wiki/Case-Shiller


Thanks