Cyprus real estate agents call for ban on short-term rentals to curb prices — ‘property market deprived of thousands of homes’

One of the major issues is that the supply of properties cannot keep up with demand

The Cyprus Real Estate Agents Registration Council this week called on the government to ban short-term property rentals, a market dominated by online platform Airbnb, to help lower rental prices.

This appeal comes amidst rising concerns over the economic impact of the growing number of short-term rental properties, which the council says is driving up housing costs and limiting the availability of long-term rental options.