Increase in Illegal Real Estate Transactions in Cyprus
January 17, 2026
There has been an increase in illegal real estate transactions in Cyprus, with third-country nationals buying properties under the table. These deals are facilitated by local professionals. The sales are mostly focused on coastal areas, such as Larnaca and Limassol. Authorities are concerned about the acquisition of large plots around critical infrastructures and are preparing legislative proposals to limit foreign ownership. There is an urgent need for stricter oversight and regulation of the property market.