Clicky

housing market

housing market short-term rentals

The Impact of Short-term Rentals on the Cyprus Housing Market

By

Shortterm rentals in Cyprus are booming, crowding out the housing market and driving rents up, particularly affecting residents, students, and lowincome families. Calls for regulation aim to strike a balance between catering to tourists and ensuring affordable housing availability, following successful examples from other touristheavy cities.

housing market government intervention

Cypriots Being Squeezed Out of the Property Market

By

Cypriots are facing a housing crisis as escalating rents, rising construction costs, and increased mortgage rates make property ownership unattainable for many. The influx of higherpaid foreign workers has further driven up rental prices in cities, squeezing out locals with more modest incomes.

Scroll to Top