Foreclosure Legislation: Amendments and Approvals by Parliament
April 24, 2026
The legislative adjustments for foreclosures and insolvency were discussed in Parliament, with President Christodoulides proposing changes. Four referrals were accepted while one was rejected. The value of the primary residence will increase from €350,000 to €400,000. Creditors are also prohibited from requiring additional securities from debtors. The changes are expected to be signed by the President of the Republic.