Better returns from rentals than bank deposits  

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Better returns from rentals than bank deposits  
 © In-Cyprus 2020
Those who rent out property in Cyprus have better returns that those with deposits at commercial banks since interest rates on offer are getting lower and lower.

Following Hellenic Bank, Bank of Cyprus has also lowered deposit rates recently. And while depositors collect peanuts from interest rates ranging from 0.2% to 0.8%, those being paid rent enjoy five to six times higher yields.

This was not the case in Cyprus a decade ago when deposits were a lucrative investment with interest rates as high as up to 6%. That was the time when now defunct Laiki Bank had liquidity...


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This article was automatically added to our system 10-9-2019

Better returns from rentals than bank deposits  


The contents of this article including any associated images are © In-Cyprus 2020
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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