A homebuyer in Cyprus would need to hand over every cent of the country’s average salary for almost two years simply to raise a standard deposit. For the typical worker, the wait would be considerably longer.
A new analysis by BestBrokers estimates that an average-sized home of 108 square metres costs €305,296 in Cyprus. A buyer providing 20 per cent would therefore need €61,059 before taking out a mortgage for the remaining amount.
With average
