Citizens have returned to their normal lives and proceed with loans mortgaging properties. Nicosia and Limassol are the two towns that have most mortgages in Cyprus. The capital has the largest number of mortgages but their value is less compared to Limassol.
According to the Land and Survey Department, in September there were 581 mortgages in Nicosia worth €84.73 million compared to 535 last year but worth €112.48 million.
The number of mortgages in Limassol this year is 373 worth €99.78 million while last year there were 484 mortgages worth €113.01 million.
The number of mortgages in the district of Famagusta was 72 worth €16.34 million compared to 77 mortgages last year worth €9.94 million.
In the district of Larnaca the number of mortgages was 238 worth €30 million compared to 278 mortgages last year worth €36.73 million. Finally, in the district of Paphos there were 133 mortgages worth €18.09 million compared to 194 mortgages last year worth €23.35 million.
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