Cyprus Business Now

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.

“This phenomenon is taking on alarming proportions...