Rising Rents and Housing Issues in Cyprus
October 31, 2026
The increase in rents in Cyprus is attributed to external factors such as the influx of Ukrainians and the establishment of new businesses. The Minister of Internal Affairs noted that since 2022, the housing issue has worsened. International inflationary pressures and rising construction costs are impacting the market. Despite the increase in building permits, the demand for housing remains high. This situation raises concerns about housing affordability.