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Coupled with the loosening of Central Bank lending restrictions, this makes Cyprus a less expensive and much easier location to borrow than it was last year." Chairman of Aristo, Theodoros Aristodemou, says that there are new lending restrictions for buyers, meaning that in order to receive a loan in Cyprus purchasers must make a minimum contribution of 20 per cent for a initially property purchase (to be applied as key residence), and a 30 per cent contribution for all other instances (for non-residents and for investment purposes).
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