Cyprus household debt drops to €20bn, corporate liabilities at €41.7bn
Central Bank of Cyprus data for end-June 2026 shows household borrowing at 53% of GDP, while non-financial company debt stands at 111% of GDP.
#Property
Cyprus hotels seek another two-year lifeline on fire safety licences
MPs from Disy, Diko and Elam have tabled a bill pushing the fire safety deadline for hotels to February 2029, warning that closures could cost thousands of jobs.
Cyprus builders warn labour shortfall is slowing new housing
Developers say finding construction workers has become expensive and difficult, with permits adding to the problem.
Cabinet backs simpler building permit fee rules
Ministers have approved a reform of how building permit fees are calculated, scrapping Cyprus's three-zone cost system and sending the plan to parliament for a vote.
Cyprus scraps regional fee tiers in building permit overhaul
The Cabinet approved new rules simplifying how building permit fees are calculated, ending the island's three-zone cost system and area-based surcharges. The changes now go to parliament.
Cyprus landlords weigh long-term rents against holiday lets
Rising residential rents and tighter tax rules are pushing some owners to reconsider short-term holiday letting, with new figures showing conventional tenancies gaining ground.
Cyprus MPs push for full bill on foreign property buyers, firms included
Parliament's interior committee wants the government to draft a comprehensive law covering companies as well as individuals buying property in Cyprus, with talks resuming in two weeks.
Cyprus home energy grant scheme closes after two days as €27.5m runs out
The energy ministry stopped taking applications for the "save and upgrade homes" grants after demand exhausted the entire budget in under two days.
Larnaca DIPA residents get more time to leave after starting repairs
The Larnaca DLGO has held off on evacuating the DIPA apartment block after residents said they had hired a private engineer and begun repairs. About 400 people live in the complex.
Central Bank warns housing costs and skills gaps could slow Cyprus labour market
Unemployment hit a record low of 3.6 per cent in the second quarter of 2026, but the Central Bank of Cyprus says demographic shifts, housing costs and skills shortages may soon limit growth.
Cyprus opens €20m home energy upgrade subsidy scheme
Applications for the "Exoikonomo – Anavathmizo" housing scheme opened on 20 October, offering grants of up to €32,000 per home until funds run out or the 30 December deadline.
Larnaca EOA clears most of its inherited permit backlog
Nearly 92% of applications passed down from previous authorities are now processed, the district organisation says, while new filings are handled as they arrive.