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Coupled with the loosening of Central Bank lending restrictions, this tends to make Cyprus a cheaper and simpler spot to borrow than it was last year." Chairman of Aristo, Theodoros Aristodemou, says that there are new lending restrictions for purchasers, which means that in order to get a loan in Cyprus purchasers have to make a minimum contribution of 20 per cent for a very first property acquire (to be made use of as most important residence), and a 30 per cent contribution for all other situations (for non-residents and for investment purposes).
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