Issues in Foreign Real Estate Purchases in Cyprus
August 20, 2025
The legislation in Cyprus allows foreign nationals to purchase real estate without stringent oversight. Third-country nationals can acquire properties through assignments without needing a permit from the district officer. This situation enables foreigners to buy multiple properties, raising concerns. There are worries about the socioeconomic impacts that might arise from this practice. The legislation requires reassessment to ensure proper checks for real estate purchases by foreigners.