Foreign Property Purchases and Their Impact on Cyprus
January 30, 2025
Foreigners are buying properties in Cyprus, impacting prices and making it difficult for locals, especially young couples, to find housing. Despite legislation imposing restrictions, there are increasing reports that foreigners circumvent these rules through legal entities. Today, the parliamentary interior committee will examine a relevant bill aimed at updating the legal framework. The goal is to enhance transparency and control in the process of property acquisition by foreigners.