Regulating short-term rentals could negatively impact economy, says director

Delfi Partners director Michalis Loizou on Thursday argued against the notion that short-term rental properties in Cyprus are the primary cause of rising rental costs, suggesting that other factors contribute to this phenomenon.

He also warned that imposing strict regulations on short-term rentals could have negative economic consequences, particularly in tourism-dependent areas, by reducing property values, increasing non-performing loans, and making destinations less competitive.