General Assessment

Variable(2015)
Data
Main constraints in the development of the housing finance sector  
New developments that will have a major impact on the sector 
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Notes:
Notes:
Notes: 2010 = 100
Notes: 2010 = 100
Notes: A 20% deduction of gross rental income is allowed
Notes: A mortgage subsidy scheme was approved in June 2015. This program subsidizes the interest of mortgage loans for primary residences. The program is funded by the Land Development Corporation
Notes: Capital gains are levied at a rate of 20%. Capital gains is defined as gross selling price minus acquisition costs and improvement costs. All taxpayers qualify for a one-time exemption from capital gains. For a home that the owner occupied for at least five years, this exemption amount is 85,430 Euros.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Converted to USD using IMF end-of-year exchange rate.
Notes: Figure is for national percentage.
Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
Notes: Figure is the national percentage. Data drawn from "Distribution of population by tenure status, type of household and income group Table (source: SILC) [ilc_lvho02]"
Notes: LTV ratio not to exceed 80%
Notes: LTV ratio not to exceed 80%
Notes: LTV ratio not to exceed 80%
Notes: LTV ratio not to exceed 80%
Notes: Mean annual average % change in nominal house prices
Notes: Mean annual average % change in nominal house prices
Notes: Mean annual average % change in nominal house prices
Notes: Mean annual average % change in nominal house prices
Notes: Mean annual average % change in nominal house prices
Notes: Mean annual average % change in nominal house prices
Notes: Owner occupied units as a whole
Notes: Owner occupied units as a whole
Notes: Owner occupied units as a whole
Notes: Owner occupied units as a whole
Notes: Owner occupied units as a whole
Notes: Owner occupied units as a whole
Notes: Owner occupied units as a whole
Notes: Owner occupied units as a whole
Notes: Real estate tax is levied at a progressive rate depending on the value of the home. The rate ranges from 0.6-1.9%
Notes: Rental income tax is levied at a progressive rate that ranges from 0-35%. The amount subject to taxation is 80% of the rental income
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The Cyprus Consumers Organization was established in 1973
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The First Cyprus Credit Bureau registered in 2008 and was the first credit reference agency in Cyprus
Notes: The Hellenic Bank is the second largest bank in the Cyprus
Notes: The Housing Finance Corporation provides savings accounts for low income families in which 40% of deposits are tax deductible, as well as any interest earned.
Notes: The Housing Finance Corporation provides savings accounts for low income families in which 40% of deposits are tax deductible, as well as any interest earned.
Notes: Transfer fees are paid by the acquirer. The rate ranges from 3-8% and depends on the value of the home