Cyprus Property News

12/09/2026

Cyprus homes bonanza as state plots offered at 75% discount

Families in Cyprus are being offered a major boost in the race to secure an affordable home, with state-owned plots set to be sold for just a quarter of their market value. The government has unveiled two new housing schemes designed to help younger families get on the property ladder and increase the supply of homes. One of the measures could prove particularly attractive to homeowners with adult children or grandchildren....

Cyprus unveils a housing bonanza, with cheap state plots and new rules allowing families to build extra homes.

12/09/2026

EU affordable housing act will crack down on Airbnb

The European Union is preparing to give cities and regions new powers to curb short-term rentals such as Airbnb as part of a wider drive to tackle soaring housing costs; the measures form part of the European Commission's Affordable Housing Act. Under the proposed framework, EU-wide rules will help determine when an area is facing serious housing stress. National, regional and local authorities would then have legal backing to introduce targeted measures to address shortages....

EU Affordable Housing Act set to curb Airbnb and short-term rentals as cities tackle housing shortages and rising property costs.

11/09/2026

Jointly-owned building law scandal: how much longer will it take?

Cyprus property owners are facing another dose of parliamentary déjà vu as MPs reopen long-running discussions over jointly-owned buildings, with proposed legislation dating back years still nowhere near being agreed and approved. Six pieces of legislation are before the House of Representatives' Interior Affairs Committee, covering building management, unpaid service charges and the sale and transfer of apartments and other units in jointly-owned developments.....

Explore the challenges of jointly-owned building law in Cyprus as discussions over key legislation continue to stall.

11/09/2026

Cyprus property: major shake-up to jointly-owned buildings

The Cyprus government is committed to transferring responsibility for managing jointly-owned buildings from the Department of Lands and Surveys to the District Local Government Organisations (DLGOs). The move could have a direct impact on apartment owners and others in jointly-owned developments. New system for jointly-owned buildings For the owners of property in jointly-owned buildings, one of the biggest changes will be a new system for managing and supervising the buildings....

Cyprus is changing how jointly-owned buildings are managed, with new fees, oversight and a transition period of up to two years.

07/09/2026

Who bought property in Cyprus? August 2026 deals revealed

Earlier today, the Department of Lands and Surveys published its latest analysis of Cyprus property sales, showing who bought property and where across the island. Domestic buyers remained the largest group in August. Cypriot buyers accounted for 659, or 53%, of property sales contracts deposited at Land Registry offices during the month. EU citizens accounted for 197 contracts, or 16%, while non-EU citizens accounted for 385, or 31%....

Explore the latest Cyprus property sales in August. Discover trends among domestic and international buyers across the island.

05/09/2026

Cyprus housing crisis: supply, rentals & new government measures

The Cyprus housing crisis remains a major political and economic issue, with the government, property developers and professional bodies proposing different measures to increase housing supply, control costs and make better use of existing properties. The government has introduced more than €100 million in housing measures, including an interest-rate subsidy for young couples taking mortgages of up to €400,000. Finance Minister Makis Keravnos says housing policies need time to produce results but argues that a lasting solution depends primarily on increasing supply....

Cyprus housing crisis: government measures, rental reforms, vacant homes and construction worker shortages explained.

04/09/2026

Cyprus new-build property sales reach €1.15bn in H1 2026

During the first half of 2026, 3,594 off-plan apartments and houses were sold across Cyprus, with a combined value of €1.149 billion, according to Landbank Analytics. That works out at an average transaction value of €319,618. The picture varied quite a bit from one district to another. Nicosia recorded the highest number of sales, while Limassol generated the largest total sales value....

03/09/2026

Cyprus property owners face tougher rules on dangerous buildings

Cyprus is preparing to give authorities stronger powers to tackle dangerous buildings, with property owners potentially facing repair bills, fines and even demolition orders. The proposed legislation would overhaul the rules governing unsafe buildings and give District Local Government Organisations (DLGOs) wider enforcement powers. The move comes as local authorities warn that the scale of the problem is growing. In Larnaca alone, officials say there are 1,087 potentially dangerous buildings....

New laws could hugely affect Cyprus property owners dealing with unsafe buildings, including fines, repair expenses and possible demolition.

03/09/2026

Cyprus property sales rise 10% in August

Cyprus property sales continued to grow in August, with 1,241 contracts recorded across the island. That was 10% higher than the 1,128 sales recorded in August 2025. The latest figures from the Department of Lands and Surveys show that most districts saw higher sales during the month. Larnaca recorded the biggest annual rise, while Limassol remained the island’s busiest property market....

Cyprus property sales rose 10% in August, with 1,241 contracts recorded as demand remained strong across most districts.

02/09/2026

Parliament reopens debate on foreign property ownership in Cyprus

Parliament's Interior Committee is bringing back four proposals deferred during the previous parliamentary term, with changes aimed at tightening rules on foreign property ownership in Cyprus. The House of Representatives' Interior Committee will examine four bills at its first meeting of the new parliamentary session on Thursday. The proposals were previously discussed at committee meetings during the last parliamentary term....

Cyprus is considering tighter rules on foreign property ownership as overseas buyers account for 41.3% of sales