Requirements for Young People in Cyprus to Secure a Mortgage
May 10, 2026
Young people in Cyprus face challenges in obtaining a mortgage due to high property prices and strict bank requirements. The situation is somewhat better in 2026, but it requires good financial preparation and a stable income. The average age of leaving parental home is 27.5 years, indicating the difficulties young individuals have in acquiring their own residence. Banks assess the borrower's financial capability based on the 'Reasonable Housing Needs Index' (DSTI). Essentially, proper preparation is crucial for successfully securing a loan.